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- A token currently on trend with its run-to-earn gaming model is GMT, STEPN’s governance token.
- STEPN has gained a lot of popularity in a short time. Its active user base grew massively within three months.
- GMT token is currently trading at $3.19 and is low by around 1.61% in the last twenty-four hours.
The concept of Non-Fungible Tokens (NFTs) has made a significant position in the life of digital art artists and enthusiasts.
Scrolling randomly through your Twitter feed and coming across a bunch of cartoon avatar NFTs is not new now. If Fact, as the concept is growing by leaps and bounds, some folks believe that in the coming future, NFTs gaming might serve as a driving factor for the further growth of the market.
The Project Gained Massive Popularity In A Short Duration
And a token that is currently trending with its run-to-earn gaming model is GMT which is STEPN’s governance token.
STEPN is said to be the first move2earn mobile NFT game, it is backed by the Solana network. The game facilitates the players with a platform where the ones with their NFT sneakers can walk, run outdoors, or jog and can meanwhile earn tokens.
It was launched in December last year and has gained a lot of popularity in a short time. Its active user base grew from just 1,500 in January 2022 to surging to 100,000 in March 2022.
Furthermore, STEPN highlighted via a blog post recently that its business has generated a profit of 198,635.62 SOL ($26,815,807.35) via its sneakers sales on its NFT marketplace and royalty fees in the first quarter of 2022.
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Though there was a considerable decline in the total NFT Trades Count for $GMT. But the token has performed significantly in the last seven days, as it witnessed a 45% increase.
Currently, the GMT token is trading at $3.19 with a market cap of $1,916,525,488. And is low by around 1.61% in the last twenty-four hours. It is to look forward to how this newly emerged project could perform in the future. Given its considerable popularity in a short duration. Can the Game and its token manage to stand at the forefront in the overall market?
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
