1H
0.19%$0.0000
24H
-1.41%$0.0002
7D
-10.3%$0.0012
30D
-8.09%$0.0009
STEPN is a self-styled “Web3 lifestyle app” with GameFi elements on the Solana blockchain. It combines aspects of a play-to-earn game with a fitness app to create a new category coined “move-to-earn.” Users buy NFT sneakers, which they can use to earn in-game currency while walking, running, or jogging.
STEPN aims to revolutionize the market of fitness applications by incentivizing millions of users to follow a healthier lifestyle. The app solves several problems like “proof of movement” – proving that users really exercised – and a functioning GPS system. Moreover, STEPN incentivizes users financially and plans to introduce social rewards elements and successfully contributes to carbon neutrality.
The application is available for Android and iOS and has gone from its inception stage to the open beta version in only five months. After its successful IDO in March 2022, STEPN plans to optimize its in-game features and launch on several other chains in the future.
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IGO stands for Initial Game offering, a new business model that combines the video game industry with crowdfunding. By combining these two industries, IGOs can reach out to their audience and gain more revenue by selling virtual items. This guide will go into detail about what an IGO is.