Move-to-earn is one of the newer trends of the cryptocurrencies, which has recently appeared on the market. Also known by the name move-to-earn crypto, the move-to-earn NFT. This concept rewards players of cryptocurrencies for the training carried out.
Apps use blockchain technology to track players’ movements and reward them for the move they make. In this way, we can turn a tiring fitness training into a real goldmine.
What exactly is move-to-earn?
Model Move-to-Earn (M2E), is a new type of game, or rather applications, which was created in Web3 and blockchain technology. It is supposed to persuade people to make more effort, in return for which the user will receive a reward in the form of cryptocurrencies.
In this model, the user is rewarded for actual activity, not gameplay. The GPS signal tracks the user’s effort in a given application, for which he is rewarded with tokens. They can later be replaced with cryptocurrencies, and the foamed ones. It is worth noting, however, that most of the applications move to earn require users to invest in NFT from the start. However, we will get to the descriptions of the designs of this model soon.
Advantages and disadvantages of move-to-earn
The concept itself assumes that physically inactive people will start exercising more often. All thanks to the promised rewards. The model move to earn assumes that it will simultaneously improve the user’s financial situation and overall health.
However, the downside is the fairly high entry threshold in most applications of this model. Games regularly require you to invest large sums of money to start, unlock new levels or buy add-ons.
The most popular move-to-earn projects
STEPN – The Solana blockchain-based Web3 app encourages users to walk and run by offering NFT trainers that can be upgraded. New updates add more features, such as a leveling system for the sneakers and additional options to earn GMT and GST tokens that can be exchanged for other cryptocurrencies.
MetaGym – This mobile app allows users to train using NFT avatars called MetaGym Buddies. Exercises such as cardio or fitness are rewarded with MGNC cryptocurrency, which can be used to develop your avatar, purchase new NFTs or even rent your avatar to other users.
Sweatcoin (SWEAT) – This app rewards users for completing steps by converting them into SWEAT tokens. A new feature is the ability to invest earned tokens in cryptocurrencies and other assets, extending the app’s monetisation capabilities.
STEP (FITFI) – In this app, users compete against others in the Metaverse, using NFT trainers to earn FITFI and KCAL tokens. The platform allows users to develop virtual workout equipment and compete in fitness challenges, turning physical activity into a profitable occupation.
Calo (CALO) – This app offers weekly and monthly challenges, as well as a personal training mode. Users earn CALO tokens that can be used in the app’s marketplace for fitness equipment, among other things. An additional feature is the multiplication of NFT trainers, which introduces new earning opportunities.
OliveX (DOSE) – OliveX is a metaverse fitness platform offering a variety of fitness-related apps and games. Users earn DOSE tokens for daily activity, which they can use to purchase NFTs, unlock new game modes and upgrade their workout equipment.
Genopets (GENE) – Genopets combines physical activity with the care of virtual animals. Users earn GENE tokens through daily activity, which they can use to develop their NFT Genopets, trade them or compete in competitions with other players.
Dotmoovs (MOOV) – This app allows users to compete in tasks such as dancing or freestyle football, for which they earn MOOV tokens. AI technology evaluates participants’ movements and the tokens earned can be used to purchase in-game items or upgrade their avatars.
Summary
The very concept move to earn is very positively received. In terms of the future, it is also very promising. Presently, there are not as many investors as the play-to-earn games we wrote about here[Link – games based on blockchain – beginner level]but everything is moving in the right direction.
If we consider the growing trend towards a healthy lifestyle, this initiative will grow. The downside of the application for a potential user may be a high entry threshold – investment in NFT or special shoes / training equipment. However, we hope that with development, some elements of this concept will also change.
