In this article, you will learn what is move to earn. Keeping fit is important in the modern day era where people are getting so busy with their work that they don't have time to do physical exercise. But there is an opportunity to receive crypto rewards just by owning a smartphone and doing physical activities regardless of your geographic location or the training equipment you have access to. They are called move-to-earn apps.
What is Move To Earn?
The move-to-earn (M2E) model enables users to earn crypto by moving around, walking, running, or doing any other form of exercise, just as the play-to-earn (P2E) model of blockchain games enables users to earn crypto by playing.
The concept of move-to-earn was first coined by a popular app called StepN, a web 3.0 lifestyle app that launched in September of 2021 which rewards users with crypto and NFTs for engaging in fitness activities.
How to Earn with Move-to-Earn
M2E platforms use the participants' mobile gadgets' sensors like GPS and step-counters to track their moves and reward them for working out. Like P2E, some M2E apps are free to use, while others require the participants to purchase NFTs to get started. These are the common ways through which you can earn with Move-to-Earn.
-Exercising
Most M2E platforms are based on regular physical exercises. The idea behind this method is that if you move around (running, jogging, etc.,) you will be rewarded with in-game digital assets. Essentially, running in playgrounds, streets, and forests is the core of the M2E model. Besides, most web3 fitness apps incentivize users with unique in-game currencies or assets, which can be converted to other crypto assets or used to purchase online items.
-Trading
Since in-game cryptocurrency items and NFTs are a core element of M2E platforms, there's a ready market for them on secondary marketplaces like OpenSea and LooksRare.
- Staking
Some M2E apps, especially those that use GameFi mechanics, have staking functionalities. For example, Step App offers perpetual staking to enable users to stake their assets and receive rewards indefinitely. On the other hand, STEPN users can stake their Sneaker NFTsward to generate .
- Minting
Apps like STEPN and Step App allow participants to mint special in-game NFTs they can later use or exchange on secondary markets.
Top 3 Move To Earn Apps Today
Leveraging on Move-To-Earn platforms is the first step toward making exercise more “rewarding”. With so many different Move-To-Earn platforms and games available, one might get confused with information overload.
- StepN
Built on the Solana(SOL) blockchain, StepN is now the most popular M2E Web 3.0 app. Players need to purchase a pair of Sneaker NFTs as an initial investment. After which, walking, jogging, cycling, and running will yield you rewards in Green Satoshi Token (GST). By staying active on the application and completing tasks, players can earn an additional GST.
- Genopets
Genopets is the first Free-To-Play, Move-To-Earn that is about cultivating a bond with your digital companion. Players can mint a Genopet for free and by using the pedometer of the smartphone to track physical activity, players can accumulate steps and convert them into Energy (E), which serves as the fuel in the game.
- Step App
Step App is where the Metaverse meets move-to-earn. Step App provides an SDK (Step Protocol SDK) for third-party developers to use to build things within its metaverse. This will make the growth of what Step App refers to as the "FitFi economy" more transparent.
Bottom Line
In an era where being physically fit is at odds with daily routines, Move-to-Earn games motivate people to get off the sofa and exchange sweat and skill for crypto rewards. So, read about what is move to earn in this article and start keeping fit.
