Games Dustland, Genopets, Dustland Runner, STEPN are actively gaining momentum in their industry. Play-to-Earn (P2E) games continue to dominate the crypto industry, as evidenced by the ever-increasing number of crypto wallet holders.
Now, a variation of the P2E model called “move to earn” (M2E) is attracting increased interest from miners. Play-to-earn (P2E) games, users are rewarded for participating in the game: completing levels and winning battles.
In contrast, “move-to-earn” (M2E) applications allow the player to receive a reward for physical activity. For this application, the sensors of the player’s mobile device are used to track his movements. Users can play some M2E games for free, but most often you need to purchase NFT on the exchange to start the game.
Sports can be considered a form of M2E, as professional athletes make money from winning tournaments and through sponsorship. However, professional sports are not available to most of us, but almost anyone, including those who are far from sports, can get a reward for physical activity using the M2E model.
Top 5 most popular games at the moment based on the M2E model:
Stepn, Genopets, WIRTUAL, Dustland Runner, Dustland Rider
STEPN is a game powered by Solana where users need to purchase non-fungible token (NFT) sneakers in order to play. The application can track the movement of players using GPS on mobile phones and rewards their work with tokens , GST tokens , which are built into the application . Subsequently, they can be exchanged for US dollars (USDC) or Solana (SOL) to realize the income of the players.
STEPN was intrigued by the fact that its Green Metaverse Token (GMT) governance token has risen in price by 24,500% since the token sale on Binance on March 9th. Venture capital firm Sequoia Capital and other Web3 investors also invested $5 million in STEPN in January. GMT’s growth is driven by rapid user growth, as evidenced by the increase in STEPN’s Twitter followers from 50,000 to 250,000 .
However, there are nuances: P2E shows the elements of a pyramid, that is, only the earliest players and the game company get the most benefit. As new players buy assets from earlier players and then sell to newer players, a system is created whose profitability depends heavily on the influx of new players. As a result, due to the overcrowding of the market with sellers, the prices for tokens are declining.
STEPN is taking action to address this issue with “strong” token receivers. GST is burned out whenever new running shoes are upgraded, minted or repaired. Social benefits in the game are also offered as an encouragement of physical activity.
GST is currently trading at $4.41, up 65% from its price in early March.
However, the cost of STEPN is relatively high for this segment of games. The average price of running shoes to start is $1200.
Another game from the same Solana marketplace, Genopets are virtual NFT pets that become more and more valuable as players customize and improve them as they progress through the Genoverse. The participants of the game accumulate the passed steps, opening up new in-game opportunities and the abilities of their pets. At the moment, the game is in beta testing, the coin is trading at a price of $12.13.
The WIRTUAL app launched in April 2020 as a trial version of the virtual fitness event platform. Having received orders for corporate events from influential companies Mitsubishi Electric Thailand (6503), PepsiCo (PEP) Thailand, Bosch Thailand , NBA Sports Management (NBA), WIRTUAL expanded the application and launched version 2.0, which included NFT avatars, cryptocurrency and a system tracking paired with Garmin, Fitbit and Strava smartwatches. Users are rewarded for their physical activity, which may include walking, running, swimming, a variety of workouts and cycling.
Players are represented by NFT characters. As the game progresses, you can unlock special abilities and unique clothes. Users can make a profit by selling their avatars on the NFT exchange. The number of games based on the M2E model is growing: the Tezos-based game Dustland Runner, in which users can earn DOSE tokens by completing missions during training; SkateX, where players can earn money by riding a skateboard.
Latest News