The cryptocurrency space has proven to be a very dynamic space with limitless possibilities and rounds of innovation. We see these innovations all the time in the cryptocurrency space, especially since the 2020 Decentralized Finance craze. Since the De-Fi summer of 2020, new forms of innovation such as NFTs, Play-to-Earn (P2E), Metaverse, Programmable Stablecoins, and so on have made their rounds in the cryptocurrency space and have captured the attention
of investors as more funds and investment are made in these industries/sectors. Following the popular play-to-earn model that most Metaverse and NFT coins adopted, move-to-earn is the current hype in crypto. Move-to-earn projects, as the name implies, allow users to earn rewards for walking, running, dancing, or simply moving around.
M2E apps enable users to earn passive income while engaging in routine physical activities. The move-to-earn gamification works similarly to the play-to-earn gamification in that players completely own their in-game assets, which can be exchanged for crypto or fiat money according to their terms.
The move-to-earn concept was pioneered by STEPN (GMT), and it is now followed by other games such as Dotmoovs (MOOV) and Genopets (GENE), which all revolve around the idea of rewarding or tokenizing physical movements. Some are still in beta, but it's something to keep an eye out for.
The players need to purchase NFT sneakers for STEPN. These NFT collectibles are mintable and available in a variety of designs, rarities, and quality levels. These virtual assets can be bought and sold on open NFT markets. STEPN operates on the SOLANA blockchain, and each NFT sneaker is worth at least 10 SOL, or approximately 1,100 USD.
To be tokenized in these move-to-earn apps, you must purchase NFT sneakers. So, whenever the player moves, such as walking, running, or jogging, the app begins tracking their movements and converts them to in-game tokens.
Here are some of the most promising M2E Projects :-
STEPN is a Solana blockchain-based "Web3 lifestyle app" with Game-Fi elements. It combines elements of a play-to-earn game and a fitness app to form a new category known as "move-to-earn." Users purchase NFT sneakers to earn in-game currency while walking, running, or jogging. STEPN intends to disrupt the fitness app market by incentivizing millions of users to live a healthier lifestyle. The app solves several issues, including "proof of movement" – proving that users actually exercised – and a working GPS system. Furthermore, STEPN financially incentivizes users, plans to introduce social rewards elements, and successfully contributes to carbon neutrality.
Dotmoovs
Dotmoovs is a remote peer-to-peer sports competition platform that will change the way people perceive athletic performance. The company has created an AI algorithm that allows them to score sports tricks and movements using a simple smartphone video. Players will earn money by investing $MOOVs in the platform.
OliveX
OliveX is a gamified fitness ecosystem that uses game design techniques and play-to-earn mechanics to improve real-world workout experiences. OliveX enables players to improve their physical fitness while also earning real-world money through gaming activity.
WIRTUAL
Finally, there is WIRTUAL, which claims to "convert your healthy habits into cryptocurrency." The WIRTUAL app can connect to not only smartphones but also smart watches like Fitbit, Garmin, and Strava. The gamification aspect is centered on an NFT character that can be customized when physical activity unlocks rewards.
It covers the entire spectrum of physical exercise, from walking and cycling to swimming and dancing. M2E players who unlock rewards receive a one-of-a-kind NFT that can be sold. WIRTUAL tokens are also earned by players based on their activity level.
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Step
Step is a move-to-earn project that provides users with daily rewards for walking. It was launched in January 2022. The mobile app is currently available for iOS and Android devices, and we recommend downloading it if you want to start earning rewards.
Step App developers refused venture capital firm investments in addition to being a DAO token. This enabled the project to provide the most equitable launch possible, allowing any investor to compete for first dibs on FITFI tokens. This decision was made in response to the community's will, according to the Step App memorandum. Because of this decentralization, FITFI is a solid FitFi crypto for Web 3.0 enthusiasts and DAO supporters.
It’s for you to decide if M2E is a Ponzi scheme or the future!
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