Move-to-earn is a concept that encourages users to stay physically active by incentivizing them with crypto-based rewards.
The blockchain space is continuously evolving, unlocking endless possibilities for service providers and consumers alike. Move-to-earn (M2E) is the latest addition to the extensive list of blockchain-powered initiatives like play-to-earn (P2E) and learn-to-earn (L2E).
Polygon-based Dotmoovs and OliveX, Solana-based Genopet and StepN, and Binance Chain-based Wirtual are just a few of the notable projects accelerating the mainstream acceptance of the move-to-earn model.
As of now, there are only a handful of projects built around the move-to-earn model. These offer their own apps, which are usually compatible with various devices. Since the apps reward users for moving, they are designed to track and record users’ movements via GPS as well as through motion and health sensors - all of which can be easily accessed and controlled by the users from their phones.
Each game also features its own mechanics. For instance, StepN, a popular Web3 lifestyle app with SocialFi and GameFi elements, rewards users for moving around. Users need to buy (or rent) a pair of Solana-powered STEPN NFT Sneakers to get started. Once accomplished, the app begins tracking a user's movements and converting them into in-game tokens.
Skirmantas Januskas is the CEO and Co-founder of DappRadar. He entered the crypto and Dapp (decentralized application) sector in 2017 and has extensive experience across back-end web development, Node.js, game development, programming, web development, and PHP. He founded DappRadar in February 2018, which has now become the go-to source for everything related to Dapps. Previously Skirmantas developed the popular Basketball Shooter Online mobile game for Android devices.
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