Step App

## What Is Step App (FITFI)?

Step App (FITFI) is a project based on the Step protocol for FitFi (Fitness Finance) where users and their metaverse avatars complete fitness quests and PvP (player versus player) challenges. Fitness Finance is a market economy model similar to [GameFi](https://coinmarketcap.com/alexandria/article/what-is-gamefi-gafi), in fact, the governance token, FITFI, was named after it. Thanks to FitFi, members consume fitness content and earn income by immersing themselves in the fitness industry.

The app's augmented reality technology bridges the gamified metaverse with the real world, turning fitness into a social experience where mechanics allow people to compete and win. By downloading Step App, users can earn by walking, running, competing with friends/app users, chatting, exploring the metaverse or the real world. Step App creates a fitness experience in the metaverse due to geo-location technology and non-fungible tokens ([NFTs](https://coinmarketcap.com/alexandria/glossary/non-fungible-token)).

The Step App economy is based on gaming perks and values ​​and includes staking, liquidity rewards, locks, buybacks and burns. The ecosystem uses two tokens: FITFI is the governance token, which is fueled by ecosystem fees, and KCAL is the in-game token, which is used to buy SNEAK (NFTs) and generates the value of the game economy, allowing users to mine, earn, stake.

The project was created in Q4 2021 and consists of products such as Fitness Metaverse, NFT Market and Limited Drops. The Step App functionality is designed to attract and connect users, inspiring them to engage in daily physical activity and regular exercise.

Who Are the Founders of Step App?

Dharpan Randhawa is the company's president with 20 years of experience in the sports and entertainment industry as a marketer and commercial leader. While at the British motor racing group McLaren Racing, he was responsible for developing partnerships, and at Lagardère Sports (SPORTFIVE), he managed several sporting events and sponsorships as VP. Currently, Randhawa runs brand agency Talisman, oversees a team of senior commercial leaders from Manchester City and Los Angeles Lakers, and advises on crypto and Web3 projects.

The project's CEO is Kirill Volgin. He’s a software developer engineer who launched other crypto projects, among them Tokenary: an open source NFT wallet with Safari extension. Volgin founded and ran software development and venture studio company, he’s also served as CFO at Zerion, a fintech startup that provides users with access to investing and managing decentralized assets.

And one more member is Dmitry Gordeychuk, a CTO with over 5 years experience in blockchain development. Gordeychuk is a crypto veteran, DeFi pioneer, head of blockchain at Symbiosis Finance: a decentralized multi-chain liquidity aggregation protocol.

What Makes Step App Unique?

The Step App ecosystem utilizes technologies such as the fitness metaverse or Step Metaverse (where NFTs & digital exercise avatars are combined), the geo-location technology (provides real transactions), GPS-integrated rewards, Android/ iOS app, NFT marketplace (for buying and selling SNEAKs) and a native crypto wallet.

The native metaverse aka Step Metaverse integrates the digital and physical world where the Step App protocol allows Step App users to exercise, compete and earn.

Step App and SDK Step Protocol pursue such global goals as continuous growth of users and retail sales of Step Metaverse; attracting world-class athletes and industry influencers by turning them into brand ambassadors of the Step App; bringing the application to a leading position in the market.

How Step App works:

There are three ways to generate income from the game process: Microtransactions (non-SNEAK purchases using credit cards and crypto), Staked Play (in competitions between players using governance tokens - FITFI) and Tournament Gaming (in competitions at the global level, including regional leaderboard; users need tickets to participate, collected funds go to a prize pool).

In addition, there is also NFT income through the NFT Marketplace (a commission equal to 2.5% is charged from all transactions on the platform) and NFT Sales (limited edition sneakers are dropped once a month).

Key features of Step App:

Users complete fitness quests, thereby pumping and improving their avatars (characters of the metaverse);

During competitive matches, users train both physical fitness and social skills;

By completing quests, users receive income in the in-game currency, thereby maintaining their physical fitness and earning tokens.

Related Pages:

Read about [STEPN (GMT)](https://coinmarketcap.com/ru/currencies/green-metaverse-token/) and [Green Satoshi Token (GST)](https://coinmarketcap.com/currencies/green-satoshi-token/).

Read about [Genopets (GENE)](https://coinmarketcap.com/currencies/genopets/).

CoinMarketCap takes a deep dive into [GameFi](https://coinmarketcap.com/alexandria/article/what-is-gamefi-gafi).

Move to Earn: fad or the future? Let’s find out with [CMC Alexandria](https://coinmarketcap.com/alexandria/article/move-to-earn-fad-or-the-future).

What are non-fungible tokens (NFTs)? Check out the CMC [glossary](https://coinmarketcap.com/alexandria/glossary/non-fungible-token) for the most essential crypto terms and jargon.

How Many Step App (FITFI) Coins Are There in Circulation?

Step App (FITFI) is the governance token of the Step App Network that benefits from ecosystem fees, while KCAL is the in-game token that is used to mint and maintain SNEAK (non-fungible tokens) and Step App features.

To both maintain the value of $FITFI and attract users, the ecosystem offers a range of monetary incentives. The tokenomics behind Step App includes services like staking, liquidity incentives, locks, buybacks and burns.

Staking rewards: up to 50% of the tokens purchased on the market are distributed among the stakers;

Liquidity incentives: Liquidity Pool (LP) tokens have 50% more weight in staking rewards;

Locks: staked tokens must go through a 10-day cooldown process to exit, while bypassing this procedure incurs a 12% fee;

Buy-backs: 50% of income is used to buy tokens on the market;

Burns: governance has the right to vote for the burning of redeemed tokens - up to 50%.

FITFI has a maximum supply of 5,000,000,000 coins, the allocation of tokens is as follows:

14% (700,000,000 $FITFI) to Public Sale;

25% (1,000,000,000 $FITFI) to Staking, Liquidity, MM, & Incentives;

15% (750,000,000 $FITFI) to the Team;

30% (1,500,000,000 $FITFI) to Mining, Move to Earn;

15% (750,000,000 $FITFI) to Marketing, Acquisitions & Licenses;

6% (300,000,000 $FITFI) to Partners, Advisors, & Consultants.

How Is the Step App Network Secured?

Step App (FITFI) is built on the [Avalanche](https://coinmarketcap.com/alexandria/article/what-is-avalanche-a-guide-to-avalanche-s-ecosystem) blockchain, which uses the proof-of-stake ([PoS](https://coinmarketcap.com/alexandria/glossary/proof-of-stake-pos)) consensus mechanism to guarantee system security, protecting the network from Sybil attacks as well.

The latest data about [Avalanche (AVAX)](https://coinmarketcap.com/currencies/avalanche/).

Where Can You Buy Step App (FITFI)?

As of May 2022, Step App (FITFI) is listed on the following platforms: [Gate.io](https://coinmarketcap.com/exchanges/gate-io/), [Huobi Global](https://coinmarketcap.com/exchanges/huobi-global/), [Bybit](https://coinmarketcap.com/exchanges/bybit/), [KuCoin](https://coinmarketcap.com/exchanges/kucoin/), [OKX](https://coinmarketcap.com/exchanges/okx/), [MEXC](https://coinmarketcap.com/exchanges/mxc/), [LBank](https://coinmarketcap.com/exchanges/lbank/), [Crypto.com Exchange](https://coinmarketcap.com/exchanges/crypto-com-exchange/), [Pangolin](https://coinmarketcap.com/exchanges/pangolin/), [TraderJoe](https://coinmarketcap.com/exchanges/traderjoe/), [BitMart](https://coinmarketcap.com/exchanges/bitmart/), [CoinEx](https://coinmarketcap.com/exchanges/coinex/), [XT.COM](https://coinmarketcap.com/exchanges/xt/), [Hoo](https://coinmarketcap.com/exchanges/hoo/), [AEX](https://coinmarketcap.com/exchanges/aex/), [BitForex](https://coinmarketcap.com/exchanges/bitforex/), [Bitget](https://coinmarketcap.com/exchanges/bitget/), [Bibox](https://coinmarketcap.com/exchanges/bibox/), [BigONE](https://coinmarketcap.com/exchanges/bigone/), [BingX](https://coinmarketcap.com/exchanges/bingx/) and [Hotbit](https://coinmarketcap.com/exchanges/hotbit/).

Want to keep track of FITFI prices live? Download the CMC [mobile app](https://coinmarketcap.com/mobile/).

Learn more about Web 3.0 with our [educational portal](https://coinmarketcap.com/alexandria/article/what-is-web-3-0): CMC Alexandria.

Have a look at our [guide to non-fungible tokens](https://coinmarketcap.com/alexandria/article/what-is-a-non-fungible-token-nft).


Step

KCAL

GMT is the native token of the FSL ecosystem, with a fixed supply of 6 billion tokens. GMT is well used in all FSL ecosystem products to be burned, used to unlock various functions and perks.

Sweatcoin is a highly popular mobile fitness app that was first launched in 2016. With over 110 million users worldwide, the app sets out to motivate healthier living by rewarding users for daily physical activity.

Users are rewarded with an in-app currency — Sweatcoin, a non-crypto virtual token which functions as a monetary incentive to reward users for their physical activity. Users can now convert Sweatcoin to SWEAT — the crypto token — to claim real world prizes and experiences. At the time of writing in September 2022, Sweatcoin is ranked first for the most downloaded health and fitness app in 58 countries.

Sweat Economy is the newly-launched web3 initiative of Sweatcoin. Within the Sweat Economy app, a crypto token, SWEAT and cryptocurrency wallet, Sweat Wallet are launched. Over 13 million wallets were created in four months since the launch. Further, Sweatcoin has raised $13 million in investor funding and is planning to hold a public token sale and strong hold offering on the DAO Maker launchpad.

Read: Move to Earn: Fad or The Future?

Sweat Economy

Galxe is the world's leading Web3 credential data network and was launched on April 28, 2022, on Binance Launchpool.

Galxe is built on open and collaborative infrastructure that allows Web3 developers and projects to profit from credential data by building better products and communities.

Data curators are rewarded when users employ their credentials in Project Galaxy's Application Modules, Credential Oracle Engine and Credential API at the same time.

Galxe

ApeCoin is an ERC-20 governance and utility token used within the APE Ecosystem to empower and incentivize a decentralized community building at the forefront of web3.

ApeCoin holders govern themselves via the decentralized governance framework controlling the ApeCoin DAO, and vote on how the ApeCoin DAO Ecosystem Fund should be used. The APE Foundation administers proposals agreed upon by ApeCoin holders.

ApeCoin

Astar Network helps developers build decentralized applications (dApps) and layer 2 solutions by providing interoperable web 3.0 infrastructure, financial incentives, incubation programmes and technical support. It seeks to provide the best solution for all developers by supporting EVM and making a parachain where EVM and WASM smart contracts can co-exist and communicate with each other.

Astar connects the Polkadot ecosystem with layer 1 blockchains like Ethereum and Cosmos. It's a Polkadot Parachain, and was designed as a multi-chain Polkadot dApp hub with support for DeFi, NFTs, DAOs, where developers can move beyond infrastructure and focus more on application development.

The project, which is backed by Binance Labs and Coinbase Ventures, operates on two layers: the first layer is built on the Substrate framework, and the second is built using OVM or Optimistic Virtual Machine, for scalability.

Astar

Voxie Tactics is a free-to-play, 3D turn-based tactical RPG game designed in a retro style. The developers of this virtual universe took inspiration from the classic tactical games of the 1990s and 2000s, but with modern game mechanics and updates in mind. The game offers two main playing modes, called Exploration and Battling, which incorporate game mechanics inherent in RPG games.

Voxies in-game mechanics (market, gear crafting, PvP battles) is the main driving force behind the demand for VOXEL tokens.

Voxies (VOXEL) is the native utility currency of Voxie Tactics, which allows players to purchase weapons, armor, and other in-game items. The token is available in the secondary market, which means that VOXEL tokens can be purchased within the game and then sold in the secondary market, just like Voxies NFTs.

Voxies is the role-playing game project built on blockchain technology where users can play Voxie Tactics and take advantage of the VOXEL token, earning rewards in the process. Gamers can explore the Voxtopia world or challenge other users at the PVP arena. Upon winning, players receive VOXEL tokens and in-game NFT items.

Of the obvious advantages, Voxies is a free-to-play game. Moreover, players do not need to understand the field of cryptocurrency or buy Voxie NFT in order to immerse themselves in the Voxie Tactics universe, Therefore, anyone can join the Voxie universe and start playing instantly.

Who Are the Founders of Voxies?

Voxies (VOXEL) was launched in Q4 2021 by AlwaysGeeky Games.

AlwaysGeeky Games is a team of professionals and enthusiasts that have been in the game development industry for over 15 years. Team members have gained their experience in worldwide studios around the world, among them EA Games, Warner Brothers Games, and Ubisoft. They have also contributed to projects like the Assassin's Creed franchise, the Farcry franchise, Mortal Kombat 11, and the Harry Potter games.

The names behind Voxies:

Steven Ball (Founder / CEO) has been developing games for AAA studios like EA and Ubisoft for over 15 years. He has worked with all stages of development lifecycles, from concept formation to production.

Ash Kurn (Co-Founder / CCO) has an impressive experience in customer service and specializes in quality assurance at WB Games. At work, he constantly strives to bring maximum benefit and joy to the players, trying to understand their way of thinking.

Ryan Sterling (CFO) handles all financial aspects. Prior to AlwaysGeeky Games, he worked as an accountant for major real estate and financial services companies. He is a big fan of the Heroes Might & Magic saga and other role-playing games.

Jake Melendy (CSO) determines the strategic direction of the company. He has been in sales and marketing in the technology space for more than 10 years. On top of that, he has collaborated with prestigious Fortune 100 companies like Oracle.

What Makes Voxies Unique?

In the fourth quarter of 2021, a public demo of Voxie Tactics with PvP Arenas and exploration mode was released. Players can test game mechanics like party selection, equipment loadouts, and PvE battles. The Voxies team also launched an in-game trading platform for trading items like characters, gear, and NFTs.

The Voxies ecosystem includes the following key components:

In-Game Market where players trade in-game items.

Competitive Matches. Gamers take part in two types of player-to-player (PvP) matches to earn VOXEL.

Crafting Equipment. To upgrade in-game goods or increase their rarity, users mix and fuse elements of the game, forming different combinations.

Voxie NFT Collection. There are 10,000 Voxies in existence that are unique and cannot be replicated. In order to create the next generation Voxie NFT, users will need in-game items such as Crystals and a very rare item known as the Catalyst Stone.

Advantages of the tactical RPG, Voxie Tactics:

Anyone can join the Voxie world and start playing right away. Users don't need any crypto knowledge beforehand. They also don't need to own Voxie NFTs or have any capital to get started, they can simply play and earn VOXEL;

Gamers can win contests and rewards by fighting in the PVP arena, or simply by exploring the Voxtopia universe or playing against the computer;

Users earn VOXEL tokens and collectible NFTs that can be bought, sold, traded, and lent on the blockchain.

Related Pages:

Read about Polygon (MATIC) and The Sandbox (SAND).

Take a deep dive into Voxies: features, tokenomics, and price prediction by CoinMarketCap.

What is ERC-20? Find out with the CMC glossary.

The latest data about Ethereum (ETH).

Check out the top NFT games in 2021.

How Many Voxies (VOXEL) Coins Are There in Circulation?

VOXEL is the native token of the Voxie Tactics universe with the maximum supply of 300,000,000 coins. The token distribution is as follows:

Play-to-Earn: 50% of the total supply;

Team: 24% of the total supply;

Binance Launchpad Sale: 10% of the total supply;

Advisors: 7% of the total supply;

Ecosystem: 4% of the total supply;

Private Sale: 3% of the total supply;

Airdrop: 2% of the total supply.

As of December 2021, the circulating supply is 60,093,123.90 VOXEL (23% of the total supply).

$VOXEL use cases:

VOXEL can be earned by playing Voxie Tactics in various modes;

Token owners can exchange VOXE for in-game items on the in-game marketplace;

Token holders can craft items via VOXEL and consumable items;

VOXEL is used to pay the entry fee to the Voxie Tactics PvP arenas.

How Is the Voxies Network Secured?

Voxies (VOXEL) is an ERC-20 built on top of the Ethereum blockchain, so it's secured by the Proof-of-Stake (PoS) consensus mechanism. Moreover, Voxies is audited by CertiK, a company that specializes in blockchain security, utilizing cutting-edge AI and FV technology to secure smart contracts and blockchains.

Where Can You Buy Voxies (VOXEL)?

As of December 2021, Voxies (VOXEL) is available on crypto exchanges, such as Binance, Tokocrypto, Bitrue, QuickSwap, Nominex, XT.COM, DODO Polygon, and ZT.

Want to keep track of VOXEL prices live? Download the CMC mobile app.

Expand your knowledge of crypto with CMC Alexandria.

Have a look at the CoinMarketCap blog.

Check out our list of free-to-play NFT games to get started playing.

Voxies

Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. According to its white paper, Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordable settlements.

Development on Terra began in January 2018, and its mainnet officially launched in April 2019. As of September 2021, it offers stablecoins pegged to the U.S. dollar, South Korean won, Mongolian tugrik and the International Monetary Fund's Special Drawing Rights basket of currencies — and it intends to roll out additional options.

On May 28, 2022, the genesis block of the new chain was launched to conduct future transactions under the name Terra (LUNA), and the original Terra Chain was rebranded as Terra Classic. The original native token — LUNA has also been renamed as LUNA Classic (LUNC). Moreover, all network stablecoins (UST, KRT, EUT) have been renamed to Terra Classic stablecoins (USTC, KRTC, EUTC). There will be no Terra stablecoins on the new chain.

There is a theory that the additional term “classic” is a reference to the Ethereum / Ethereum Classic split in 2017. According to CEO, Do Kwon, the collapse of UST in the spring of 2022 is the equivalent moment of the Ethereum’s DAO hack that took place in 2017.

Terra Classic

CEEK VR (CEEK) is a metaverse platform that connects creators with their fans in virtual worlds, allowing artists to gain attention, reach audiences around the world. CEEK is an AI based platform for virtual landowners and ceek users (ceekers) to build worlds.

Artists get new sources of income, and advertisers get the opportunity to identify user traffic and establish financial transparency by using CEEK VR. Access to the CEEK VR metaverse can be obtained on the official website, as well as via VR headsets: Oculus, HTC Vive and CEEK mobile VR headset.

The manufacturer of virtual reality headsets CEEK VR and headphones CEEK 4D is positioned by the team as "an award-winning developer of premium social virtual and augmented reality experiences." CEEK VR designs are proprietary and can be purchased through major retailers like Best Buy and Target.

The company's mission is to create a clear and easy-to-use decentralized VR entertainment metaverse, where music artists, athletes and event creators acquire the necessary tools to digitally monetize creativity.

CEEK VR allows users to attend live concerts and exclusive events along with their friends, from anywhere in the world, at any convenient time. Moreover, the company suggests that users will be able to participate in the platform's virtual events.

The virtual community has been formed since 2016 and CEEK is currently partnering with Universal Music, Meta Oculus, Apple and Microsoft, T-Mobile and Baptist Health, which allows the project to accelerate audience growth and get strong recommendations. The collaboration with Universal Music gives the CEEK VR platform the rights to use live performances with world-famous artists such as Lady Gaga, Ziggy Marley, Demi Lovato, U2, Sting, Bon Jovi, etc.

CEEK VR

DAO Maker (DAO) is an incubator that provides growth technology and SaaS solutions for crypto startups. The goal of this project is to help startups secure venture capital funding by making it simpler for investors to locate projects in which they can securely invest via IDOs.

DAO Maker works by helping new projects build their communities and then converting these communities into value-adding members of a DAO using tokens.

Retail investors can invest in digital assets and stocks at an early stage through the platform’s investment system, DAO Pad. It’s designed to help crowdfund young protocols by appealing to small-scale investors.

In addition to this investment system, the company also incubates new projects, gives users social mining rewards, and offers advisory services and advice on how to run their companies.

Several successful projects have been launched through DAO Maker, including Orion Protocol, My Neighbor Alice, LaunchX, and DAFI Protocol. The platform also helped launch Seascape Network (CWS) and Infinity Pad (IPAD).

DAO Maker

Onyx Protocol is a decentralized platform that facilitates a peer-to-peer money market lending protocol. The Onyx Protocol supports a variety of digital assets, such as Ether (ETH), ERC-20 tokens, ERC-721 tokens, and ERC-1155 tokens, which can be supplied or borrowed through an aggregated and unified balance, supported by non-custodial custody via decentralized smart contracts. Furthermore, NFTs can be supplied as collateral to enhance the borrowing capacity of the corresponding account.

Onyx Protocol’s underlying mechanism is powered by Onyxcoin (XCN), a decentralized digital asset on the Ethereum blockchain that serves as both the protocol's governance and utility token. Credit lines accessed and borrowed through the Onyx Protocol do not have monthly payments or expiration dates, and they remain perpetual as long as the collateral is deemed sufficient.

Onyxcoin

Bloktopia is a decentralized metaverse backed by and built on Polygon. In Bloktopia, a decentralized virtual reality skyscraper made up of 21 levels (as recognition to 21 million Bitcoin) acts as a central hub for users to have access to crypto information and immersive content in one place. The so-called Bloktopias can educate themselves in the basics or more advanced crypto learnings, earn revenue by owning virtual real estate, play games, build networks and more. Moreover, advertisers and sponsors can monetize the platform’s userbase through a dedicated NFT mechanism. By providing a VR experience for the crypto community, users can engage in an immersive environment according to Bloktopia’s four core pillars: learn, earn, play and create.

Bloktopia

Moonbeam is an Ethereum-compatible smart contract parachain on Polkadot. Moonbeam makes it easy to use popular Ethereum developer tools to build or redeploy Solidity projects in a Substrate-based environment.

Moonbeam is much more than just an EVM implementation: it’s a highly specialized parachain that mirrors Ethereum’s Web3 RPC, accounts, keys, subscriptions, logs, and more. The Moonbeam platform extends the base Ethereum feature set with additional features such as on-chain governance, staking, and cross-chain integrations.

Moonbeam’s Ethereum compatibility is unmatched:

Minimal Changes: developers can use existing Solidity smart contracts right away, with no need to rewrite or reconfigure

Use Existing Developer Tools: connect popular tools like MetaMask, Hardhat, Waffle, Remix, and Truffle via a complete set of Web3 RPC endpoints. Use well-known Javascript libraries such as Web3.Js or Ethers.Js.

Unified Accounts, Addresses, and Signatures: use your existing Ethereum H160 accounts & ECDSA signatures to interact with Moonbeam

Tap into the Most Integrations on Polkadot: use existing oracles, bridges, wallets, and other tools that are already building on Moonbeam

Moonbeam provides integration and connectivity between Polkadot Parachains as well as with other chains such as Ethereum and Bitcoin via bridges. Moonbeam was started in 2019 by Derek Yoo of Pure Stake.

Moonbeam

Cult DAO

VIDT DAO is a cutting-edge blockchain project that leverages timestamping technology to restore digital trust using its Web3 ecosystem. It operates as an open-source platform, using its unique blockchain technology to ensure the authenticity and integrity of data and documents. Using the VIDT DAO timestamping technology anybody can timestamp  any document or data, making its authenticity verifiable at any moment.

The core of VIDT DAO's offering is its $VIDT Utility Token, which facilitates the timestamping process. Each timestamp requires only 1 $VIDT, allowing all holders to seamlessly secure their digital documents. This simple yet powerful mechanism positions VIDT DAO as a vital player in the blockchain space, with over 25 real-life integrators already utilizing its technology.

VIDT DAO

JasmyCoin (JASMY) is a cryptocurrency project of a Tokyo-based Internet of Things (IoT) provider Jasmy Corporation. As a system, the Internet of Things includes mechanical and digital elements endowed with an identifier and the ability to transmit data. The IoT company Jasmy specializes in buying/selling data, and the Jasmy platform connects two categories: service providers and data users.

The Jasmy platform was built to restore and protect the sovereignty of individual data by combining IoT technology with blockchain technology and giving users full control over their personal information. The main goal of the project is to establish a secure environment on the platform where users can exchange data in a trustless manner between IoT devices (computers, cars, phones) and decentralized protocols.

The mission of Jasmy developers is to create an environment by shaping an infrastructure where users can easily, safely and smoothly use data. As a result, Jasmy aims to provide its users with a powerful infrastructure, an intuitive interface and a secure environment for storing and sharing data. In the Jasmy space, information can be transformed into personal assets.

Jasmy decentralizes the workflow with edge computing and storing data on IPFS (InterPlanetary File System). The philosophy of the project is based on the democratization of data using a decentralized model, where data is securely protected and owned by an owner, and service providers get the opportunity to promote their services/business using data (owned by users).

JasmyCoin

SPACE ID

LooksRare is a decentralized, community-first NFT marketplace. The protocol was released on the Ethereum blockchain with an ERC-20 utility token — LOOKS — in January 2022.

The LooksRare platform enables individuals to trade non-fungible tokens, with an emphasis on rewarding users for their participation.

The LOOKS token serves a handful of functions within the LooksRare ecosystem:

100% of trading fees are earned by users who ‘commit’ their LOOKS in the form of Protocol Rewards

Every (non-private) trade incurs a Trading Reward, which acts as a LOOKS rebate for the fee paid on LooksRare trades (currently 0.5%, collected in ETH)

It can be used to participate in exclusive drops and other token-gated applications

LooksRare

Launched in 2011 by Pixowl, The Sandbox is a blockchain-based virtual world allowing users to create, build, buy and sell digital assets in the form of a game. By combining the powers of decentralized autonomous organizations (DAO) and non-fungible tokens (NFTs), the Sandbox creates a decentralized platform for a thriving gaming community.

According to the official whitepaper, the Sandbox platform’s main mission is to introduce blockchain technology in mainstream gaming successfully. The platform focuses on facilitating a creative “play-to-earn” model, which allows users to be both creators and gamers simultaneously. The Sandbox employs the powers of blockchain technology by introducing the SAND utility token, which facilitates transactions on the platform.

The Sandbox

RACA

Aptos is a Layer 1 Proof-of-Stake (PoS) blockchain that employs a novel smart contract programming language called Move, a Rust-based programming language that was independently developed by Meta (formerly Facebook)’s Diem blockchain engineers.

Aptos’s vision is a blockchain that brings mainstream adoption to web3 and empowers an ecosystem of DApps to solve real-world user problems.

The PoS blockchain can achieve a theoretical transaction throughput of over 150,000 transactions per second (tps) through parallel execution.

In March 2022, Aptos raised $200 million in a seed round led by the venture capital firm Andreessen Horowitz (a16z). Other crypto heavyweights like Tiger Global and Multicoin Capital took part in the funding round. Fast forward to July, the startup raised another $200 million in a Series A round with participation from Dragonfly, Apollo Global, Franklin Templeton, Animoca, Jump Crypto and others.

Two months later, Binance Labs made a strategic investment of an undisclosed amount in Aptos.

On Oct. 18, 2022, Aptos announced the mainnet launch, while the Aptos genesis occurred on Oct. 12, 2022.