MOVE TO EARN, THE NEW BIG THING IN CRYPTO
Move-to-earn is a new phenomenon that encompasses a wide range of products and services that reward customers for being active. They’re online platforms that reward users for staying in shape, allowing them to earn extra money for doing their regular workouts or participating in specific fitness challenges. It follows the P2E trend of rewarding users with cryptocurrencies for playing games.
P2E games reward players for their actions in the game, such as winning battles, progressing through levels, and exploring the in-game cosmos. Move-to-earn apps employ the player’s mobile device’s sensors to track their movements and automatically reward them for physical activity.
These platforms generally aim to promote fitness, so reducing obesity and sedentary behavior while also providing users with the option to earn money for improving their health. Indeed, researchers recently discovered that increased cardiorespiratory fitness leads to a considerable reduction in all-cause and disease-specific mortality, with maximum oxygen uptake (VO2max) being strongly connected with life expectancy.
With projects like STEPN and Genopets, blockchain games based on the move-to-earn (M2E) principle have popped up in recent months. These combine features of gaming finance (GameFi) and fitness apps to encourage people to exercise.
The Web3 lifestyle app STEPN coined and popularized the term “move-to-earn” in September 2021, and it has since been adopted by a number of other apps that reward users for their activity. The way these apps reward users differs greatly from platform to platform, but nearly all of them pay users in native utility tokens for completing fitness-related tasks like walking.
The software tracks task completions via a cell phone or fitness tracker before submitting them to the move-to-earn app and analyzing them to see if they qualify for awards. Tokens can then be bought and sold within the app, or traded for other cryptocurrencies on an internal or external exchange.
This “FitnessFi” concept is a rapidly emerging section of the third-generation Internet (web3) that allows users to manage and monetize their personal data
Gamification is the process of incorporating gaming features into non-gaming activities. Achievements, skills, and competitiveness are examples of such systems that reward user behavior. As people become more digital, and video games become more popular, they’ve seen this trend develop. This strategy has been used in a variety of businesses, including banking, self-help apps, and marketing campaigns, which is unsurprising given that gamification studies indicate a direct correlation between improved motivation and higher levels of engagement. When you add blockchain technology to the equation, however, the customer adoption/retention rate might be game-changing because it permits the transfer of digital assets with financial value directly to customers instead of vouchers or discounts.
GameFi is an umbrella word for combining financial incentives and gamification approaches. The Play-to-Earn (P2E) economy has already exploded thanks to the success of genuine games. The same strategy, on the other hand, may be applied to typically uninteresting pursuits like exercising. Move-to-Earn (M2E) is a new GameFi niche that compensates users for remaining physically active. Projects like Genopets, STEPN, and WIRTUAL are taking advantage of motion-sensor technology to create it
Some M2E games are free to play, similar to P2E games, but others require the user to purchase an NFT on a marketplace to begin. Because the price of NFTs tends to climb as games get more popular, it might be a costly initial investment before the user can start earning.
The floor price for an NFT on the STEPN move-to-earn app, for example, has risen from SOL1 at launch in March (worth $133 as of 4 April) to more than SOL8 ($1,064 as of 4 April) (see SOL/USD).
Here is a list of the fastest growing Move 2 Earn projects that are likely to do well
Most people’s daily activity is moving about, thus STEPN Official is developed around it.
The first project to successfully bring a working move and earn concept to reality.
Sneakers are used by users to carry NFTs. Users can earn game currency by walking, jogging, or running outside, which can be utilized in-game or cashed out for profit.
There are about three game modes: Solo, background and Marathon modes. In Solo Mode, gamers wear NFT Sneakers and go around to gain tokens. Green Satoshi Tokens require energy to earn (GST)
Users are rewarded for walking or running. GST/GMT tokens will be distributed based on the following factors: -type of sneakers -efficiency of sneakers -comfort of sneakers -speed of movement
Users who want to participate in Marathon Mode must register under the Marathon Tab at least 24 hours ahead of time. weekly and monthly marathons will both take place.
in the background mode too, Users will be able to earn GST even if the STEPN app is not actively used. As long as the user has a Sneaker in the app, that is it.
The step’n’s game financial system includes energy, missions, achievements, anti-cheating, and tax & fee systems.
Energy, quests, achievements, anti-cheating, and tax & charge systems are all part of step’n’s game financial system.
Moving on, another delicate part of step’n is the Social Finance(Social-Fi) component, which entails the creation of a long-lasting platform that fosters user-generated web 3.0 content.
Inventory, notification, and activation code systems are some of the other systems available.
THE Market place
Users can rent/lease or sell/buy NFT Sneakers, Badges, and Gems on the Marketplace.
The market place is separated into three sections: commerce, rental, and credit.
In essence, STEPN hopes to disrupt the fitness app business by motivating millions of people to adopt a healthier lifestyle. The app addresses a number of issues, including “proof of movement” (demonstrating that users actually exercised) and a working GPS system. Furthermore, STEPN financially incentivizes users and seeks to include social reward aspects, resulting in successful carbon neutrality.
ArtKit is a social media NFT platform that allows users to create, share, and participate in tales by using an NF hence this is a gap in the NFTs and social media space, and there is a need to ensure a meeting point between NFTs, metaverse and social media. Overall, we believe that there should be a story behind all NFTs.
In addition to the above, ArtKit observed that the existing NFT marketplace does not give back profit to investors or project which uses the marketplace, hence they have decided to incorporate Move to Earn as a system to give back to their communities the profits generated in the marketplace.
With all the numerous and interesting use cases, ArtKit is also exploring additional methods to give back to the ArtKit community and decided that M2E was the ideal technique because most people walk every day. This technique will also urge people to avoid leading sedentary lifestyles.
This feature will also make Artkit one very interesting social Nft Market place
WIRTUAL provides a new approach to mining cryptocurrency that is both cheap and easy to use. The Coins can be earned by simply tracking your running, walking, swimming, cycling, dancing, or working out activities on your favorite fitness gadget (Strava, Fitbit, Garmin, Apple Health, or Huawei Health).
To participate in a challenge, follow these steps:
1. Pick a challenge you’d like to participate in
2. Click “Join Now”
3. Fill out the payment details.
4. That’s it! Your challenge will begin.
The W JAMES VENTURES company, which has been in operation since 2017, launched the WIRTUAL initiative in 2019. They are a new generation of innovators driven to improve people’s lives through innovative solutions.
WIRTUAL is an application that allows you to “Exercise to Earn.” It’s as simple as that: exercise, earn prizes. You earn WIRTUAL coins by exercising, then swap them for physical products and NFTs, event tickets, virtual sports event organization, and holder ranking to gain access to features.
Users of WIRTUAL are encouraged to have active lives. They provide challenges in running, walking, swimming, cycling, workout, and dancing, allowing users to compete in terms of speed, distance, group competitions, and even creating their custom challenges.
Stage 1: Exercise to earn a platform
Run, walk, swim, work out, and more will be added in the future. They’ll combine data from all professional sports apps in one spot and reward you for keeping track of their activity.
Stage 2: Social Media for active lifestyle users
As a source of money, almost all social media networks rely on the sale of user data. WIRTUAL has a unique business model. They give users back control over their data. They have complete control over whether or not to give them their data in exchange for compensation.
Stage 3: Multi-Metaverse Avatar
Use their software to connect the physical and virtual worlds. With just one profile, users can exist in any metaverse. Their app also connects all types of smart devices.
They started with difficulty in the first version: the designers of Virtual Run lacked a suitable platform on which to hold their activities. Due to the enormous amount of activity uploads, the platform was unable to process the data in real time. There were multiple fraudulent submissions, the app was difficult to use, and even when users came in to use the app daily, they still had to sign in via a web browser each time.
As a result, they built a website to investigate if a route system with the possibility to connect with the Strava app would make it easier for customers to participate in Virtual Run. The results confirmed that they were on the right track. They leveraged the feedback from the website to develop the Virtual Run application, which can support thousands of users and connect to Strava, Garmin, Suunto, and Fitbit.
When they launched in April 2020, they caught the attention of many event organizers in Thailand who contracted us to create events on the WIRTUAL app.
This is how they began in developing the WIRTUAL they all know today.
They have progressed towards becoming a Super App in their most recent iteration. Avatars have been added to version 2.0, and they are tied to unlocking new features. The challenges include walking, swimming, dancing, working out, and riding. They’ve branched out into e-commerce and bitcoin, laying the groundwork for version 3.0, which is focused on social networking.
The Wirtual Team is confident in its progress and ready to serve the global market with its new and improved version 2.0 after testing version 1.0 for over a year. Version 2.0 is a unique app, and they believe it will make us the most popular fitness platform.
Sweatcoin is afree software that rewards your daily walks with a new-generation currency that you can use to buy great stuff, donate to charity, or convert back into SWEAT.
Sweatcoin believes that taking care of one’s health benefits society. You are more efficient. You help save billions of dollars in healthcare costs. Your cause is worthwhile, and you should be a part of it.
Sweatcoin now has over 64 million registered users, with 100 million users expected in the near future.
You may select from thousands of wonderful branded items and services in their marketplace, like high-tech shoes, iPhones, anti-gravity yoga sessions, Apple Watches, and more!
As of now, the Sweatcoin app acts as a Movement Validator, verifying steps.
Over time, the Foundation will decentralize the movement verification process, allowing other applications and wearables to validate new types of movement, allowing users to earn SWEAT for activities such as swimming, cycling, hiking, and gym work.
For now, Only steps now mint SWEAT, but other acts will ultimately mint SWEAT as time goes on. SWEAT might be minted eternally to maintain a global incentive, and its inflation rate will continue to shrink.
SWEAT, like Bitcoin, will become harder to come by as time goes on: the earlier you walk, the more SWEAT you’ll get.
SWEAT holders will rule the Sweat Economy. SWEAT members have ownership, incentives, privileges, and voting rights in practice.
It was founded on the belief that the benefits of movement should be shared by spreading power and privilege to those who have it as well as those who move.
As time goes by the difficulty of getting sweats increases rapidly and that will also increase the worth
Click here to download the SweatCoin App and start Walking to Earn!
Genopets is a Play-to-Earn NFT Game based on the Solana blockchain that allows you to nurture and evolve your unique Genopet, your digital spirit animal.
Keep your Genopet in your pocket at all times and be rewarded for getting out of bed, getting through your day, or running your next marathon. After a long day, simply sit back, relax, and reap the fruits of your efforts.
In asynchronous puzzle mini games, Genopets blends Tamagotchi’s nursing and evolution with Pokemon’s training and battling.
Soar through the neon Genoverse with your Genopet as you explore hidden landscapes, uncover magical realms, make intriguing things, and battle with pals from all around the world. This is how it works:
Genopets make living an active lifestyle pleasurable and rewarding. It uses data from your smartphone or fitness devices to advance your Genopet NFT in the game.
They coined the phrase “Move-to-Play,” which means that Genopets converts your real-life movement into XP to help you win in-game. Replaced traditional sedentary video game grinding time spent tapping on the screen with checking in on your physical activity as you go about your day. Your hard-earned in-game progress from walking around all day can now be traded as an NFT at market value, resulting in the first “Move-to-Earn” NFT gaming experience.
In general, you nurture, combat, and evolve your Genopet NFT to grow its worth with each step you take in real life, then sell it on the market to reap the benefits of your efforts. That is known as Move-to-Earn.
A Genopet is a generative NFT that evolves, may be updated, and personalized as you progress through the game. Your Genopet NFT is free and has hatched as a newborn. It will gain worth over time as you devote time and effort to improving its kind, battle performance, and looks. A Genopet evolves with XP, and its evolution is guided and expedited by Refined Crystals. Refined Crystals are non-fungible tokens created by mixing $GENE and $KI to regulate the evolution of a Genopet. Refined Crystals come in a range of forms and sizes, each of which has a unique effect on your pet’s development. For example, during evolution, use a Fire Gene Crystal to change your Genopet’s elemental Genotype to Fire, giving it a fiery appearance and Fire attack moves.
Genopets make staying active enjoyable and lucrative by combining your daily activities in real life with blockchain Play-to-Earn economics, allowing you to turn your real-world activities into expansive games while earning crypto.
Genopets also combines Tamagotchi’s nurturing and evolution, Pokemon’s training, and battles, and Strava’s fitness and social incentives to reward users with cryptocurrency for remaining active in their daily life. “Move-to-Earn,” as Genopets has called it.
In Genopets you get to see all of these terms
The Genoverse is where their digital pets (genopets) live and engage in activities, similar to how they have the metaverse here.
Your NFT spirit animal is your genopets, which store your personality and fitness data.
Two tokens, $Gene and $kI drive the Genoverse.
A native token called the $Gene governs the Genopet.
The player’s every step is transformed into Energy (E).
Following that, the E is converted to experience points (Xp)
$GENE is a fungible governance and staking token that reflects Genoverse ownership. You vote on the future of gameplay as a $GENE token holder and stake your $GENE tokens to receive prizes. While the $KI token is a fungible in-game reward token obtained by purchasing a Habitat. $KI can be used to evolve your Genopet, alchemize crystals, create new Habitats, and battle other players.
XP, or experience points, are a state in a Genopet’s non-fungible token information that grows through your daily grinding efforts. You can upgrade your Genopet once you have accumulated enough XP.
This Xp is subsequently exchanged for $KI (not yet available), resulting in passive income.
Your $KI can either be spent to improve your genopets or sold to other players to help them improve their own.
To get started with Genopets, all you need is a smartphone. Summon your Genopet NFT and start gaining XP as you move. Get rewarded for taking your dog for a walk, dancing in your room, running your daily 4k, or simply getting out of bed. When you’re ready, enter the Genoverse and view the world through the eyes of your digital spirit animal. Spend your XP on customizing, evolving, and preparing your Genopet for combat. Once you’ve leveled up your Genopet, you can sell it on the market and put some of the proceeds towards your initial habitat, allowing you to evolve faster and earn more with an even better Genopet the following time.
Note that the newly created genopet can only be used to enjoy the game, not to earn $KI.
You must obtain a Genopet habitat to earn money while playing this game. It’s an Nft that serves a house and converts your Xp into $KI.
You can also earn $KI by challenging a friend to a genopets battle.
There’s also a creature known as the genesis Genopet…
So, your free genopet starts at level 1, whereas Genesis genopet is paid…
It also allows you to automatically begin from level 22.
Another option to earn passive revenue is to rent your Genopet habitat to people who can’t afford to buy one…in essence, you’re acting as a landlord.
There are 5800 genesis habitats available for creation. 5200 genesis habitats are now available.
Gene’s market capitalization is 50 million dollars.
WALK 2 EARN APP
Walk2Earn. the app is based on a typical daily activity for the majority of people — walking. They are the first to successfully execute a working Walk-to-Earn concept, supporting people in earning passive income while leading a healthy lifestyle.
Users are outfitted with NFTs in the form of Shoes. Users can earn game currency by walking whenever and wherever they like, which they can then use in-game or cash out for profit.
Walk2Earn.app intends to nudge millions toward a healthier lifestyle, combat climate change, and connect the public to Web 3.0 through Fitness-Fi, all while relying on its Social-Fi feature to build a long-lasting platform supporting user-generated Web 3.0 content.
Walk2Earn.app was just released and is still going on Beta Test. All you need to download the Walk2Earn app
- Download the Walk2Earn app Download from https://walk2earn.app/
- Sign-up for Walk2Earn After getting access to the app on your respective device, you will be able to sign up for Walk2Earn with your email address. You will receive a verification code that you need to key in to enter the app
- Create a new Wallet Click on the Wallet icon on the top right corner of the screen. The app will generate a 12-word secret phrase. This will be used to recover your Wallet if you uninstall the app or forget your password. Important — Note this phrase and save it somewhere safely (Write it down physically and store it somewhere only you will have access to.)
- Transfer BNB into your in-app Wallet Transfer BNB to your in-app wallet to buy ShoeBox and always keep some BNB as gas in your Wallet account.
- Purchase a ShoeBox And start walking
Walkers can boost their Steps Cap by purchasing more or higher quality Shoes. Steps Cap is determined by both the Resilience and the Comfort values. In addition, the system will reset Steps Cap every day at 24:00 UTC.\
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