Euphoria around ‘Move-to-Earn’ protocols is the last massive hype wave in crypto so far. Despite markets being in deep red, numerous teams are exploring the benefits of ‘Move-to-Earn’.
What is ‘Move-to-Earn’ and why is M2E popular?
Move-to-Earn is a spin-off of the Play-to-Earn concept. Move-to-Earn (or M2E) should be referred to as a type of blockchain protocol that allows their users to earn money (in crypto) for physical activity: jogging, running, doing yoga, climbing, gym exercises, and so on.
Solana-based protocol STEPN made headlines in Q2, 2022: it introduced Move-to-Earn to thousands of crypto newbies across the globe. Not unlike gaming guilds in Play-to-Earn, STEPN crypto fans created large and vibrant communities; thousands of them made STEPN their full-time job.
However, by July 2022, the hype around STEPN almost disappeared; a new generation of Move-to-Earn protocols is ready to on-board excited neophytes.
Top 5 Move-to-Earn ecosystems in the shadow of STEPN
GetBlock’s team unveils the brief review of trending Move-to-Earn applications across various blockchains.
OliveX is a pioneering fitness metaverse in Web3. OliveX is an official partner of The Sandbox, first-ever mainstream metaverse project. The protocol allows users to earn crypto for various activities; its economics is underpinned by DOSE token.
Genopets promotes itself as a pioneering Move-to-Earn game with integrated NFTs. In Genopets people create their virtual personalities. These avatars evolve into powerful players as their owners increase their daily activity. The protocol boasts GENE and KI tokens.
Walken is an intersection between Play-to-Earn and Move-to-Earn platforms. Users are invited to breed their pets and use them in battles and tournaments. Winners are rewarded with WLKN tokens.
Step App prioritizes socialization and physical activity of Web3 fans. Not unlike STEPN, Step App crypto game invites players to buy virtual sneakers and earn FITFI token for completing real-world missions.
Amazy is a lifestyle application that allows its players to walk and run in customized footwear. The protocol is hosted by BNB Chain (former Binance Smart Chain); most prominent runners are rewarded with AZY tokens.
Introducing GetBlock, a top blockchain nodes provider for M2E
First and foremost, speed, low transaction costs and zero latency are characteristics required by Move-to-Earn applications. They prioritize microtransactions; high transaction fees can destroy the tokenomics of M2E app.