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- Play to Earn games went crazy during the previous year. Gamers all over the globe were ecstatic regarding potential of earning from playing games.
- Move to Earn is crypto trend which enables folks to earn as they move. It accelerates health and fitness objectives plus offers rewards to it.
- Move to Earn gamification works as same as Play to Earn where users complete their in-game assets that can be interchanged to crypto or fiat funds.
Gamifying Health
Play to Earn games saw the sky during previous year. Gamers all over the globe were ecstatic regarding potential of generating income from playing online games. Now, this year got even better with latest Move to Earn applications which will enable folks to get incentivized from daily tangible activities such as jogging.
This is a crypto trend which will enable folks to yield income according to their movement. It fuels health and fitness objectives plus rewards earned through it. It is like a double whammy for these move to earn applications.
The Web3 project is titled STEPN. This is an innovative initiative that gamifies fitness applications. In fact, GMT tokens speedily moved up to around 3600% in just one month. The move to earn tokens are currently top gainers in cryptocurrency market.
Why Move To Earn Concept Is Thrilling?
M2E applications enable users to generate passive income while getting involved in regular physical activities. Move to Earn gamification works as same as Play to Earn wherein folks entirely own their in-game assets which can be interchanged to crypto or fiat funds following their own terms.
STEPN (GMT) has pioneered the M2E notion which the other games now have started to follow, these games involve Genopets (GENE) and Dotmoovs (MOOV) which all circle around the notion of tokenizing or rewarding tangible movements. Some of them are still in their beta stages, but are definitely something to check out for.
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The Move To Earn Notion
For STEPN, folks are required to buy NFT sneakers. These NFTs can be minted and come in various designs, quality and rarity levels. These digital assets can be acquired and sold in open NFT markets.
STEPN operates on blockchain of Solana and every NFT sneaker is worth at least 10 SOL.
Folks need to acquire NFT sneakers to be tokenized in these M2E applications. So, whenever the individual initiates any movement such as walking, jogging, running etc, the application would start tracing their movements and then transform them into game tokens.
Is Move To Earn Worth Investing?
M2E (Move To Earn) gamification is not another glittering object to obsess about. It is not here just for a hype as it is an investment. In order to enter a higher gameplay quality, folks need to acquire more expensive NFT sneakers.
NFT sneakers have established some restrictions. For example, a basic NFT sneaker pair will enable folks to bag tokens for just 10 minutes every day. This is converted to about 8 GST which is at an approximate amount of $37 every day following its current value.
Moreover, NFT sneakers require maintenance and repairs similar to the physical sneakers. Lowered efficiency levels because of wear and tear will also result in lesser earnings. But it is tax free.
It is mesmerizing that folks will be able to yield income from physical fitness activities that we do regularly. Furthermore, M2E players can also trade as well as stake their in-game tokens to elevate profitability.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
