What Is Move To Earn — The Move To Earn Business Model
Speaking of the Move to Earn Idea; without any doubt, the introduction of the blockchain is the most revolutionary thing to happen to technology, and with its ever-evolving technologies, we’ve seen numerous incredible advancements in practically every industry where it exists. It’s been incredible, from the financial industry to the industrial sector.
NFTs, Play-to-Earn (P2E), the Metaverse, Programmable Stablecoins, and other new kinds of innovation have been making the rounds in the cryptocurrency field since the DeFi summer of 2020, and investors’ attention has shifted to them as more money and investment are made in these industries/sectors.
There is no question that we are set to see another cycle of new inventions, as we have just witnessed a completely new trend of Move to Earn, in which individuals earn money by moving, swimming, and jogging.
What is Move to Earn — M2E
Move to Earn (M2E) are applications that enable users to earn passive Income while doing everyday physical activities. The Move to Earn gamification works similarly to the play-to-earn gamification in that players totally control their in-game assets, which can be swapped for crypto or fiat money according to its rules.
The Move to Earn Business Model
The Move to Earn model works similarly to the Play to Earn model in that game players purchase game characters in the form of NFTs and as they participate in in-game activities, they are rewarded with tokens that they can sell; however, in the case of Move to Earn, you purchase sneakers NFTs that allow you to earn tokens.
These NFT collectibles are mintable and come in a variety of designs, rarity levels, and quality. These virtual assets can be purchased and sold in NFT open markets. You need to buy NFT sneakers to be tokenized in these Move to Earn apps. So, whenever the player would move like a simple walking, running, or jogging activity, the app would start tracking their movements and then converts them to in-game tokens.
One way to get more people to move about is by paying them for doing so. With current technologies — including step counters, augmented reality, GPS, etc. — it is relatively easy to keep track of activities and associate rewards for certain milestones.
Some Move to Earn Crypto Projects
Dozens of crypto-Move to Earn projects compete for the same market share. While those researching this sector may be aware of the prominent Move to Earn applications like STEPN and Dotmoovs, today we look at additional projects you probably haven’t heard of, most with very modest market capitalization, that also reward users for being active.
STEPN
STEPN is a self-styled “Web3 lifestyle app” featuring GameFi components on the Solana blockchain. It mixes parts of a play-to-earn game with fitness software to create a new category termed “Move to Earn.” Users purchase NFT shoes, which they may use to earn in-game cash while walking, running, or jogging.
STEPN’s mission is to transform the fitness app industry by motivating millions of people to adopt a healthy lifestyle via its platform. The program overcomes various concerns including “proof of movement” — demonstrating that users truly exercised — and a functional GPS system. Moreover, STEPN incentivizes users monetarily and aims to incorporate social incentives aspects and effectively contributes to carbon neutrality.
Genopets
Move to Earn NFT game Genopets on Solana is the first of its kind in the globe, making it exciting and rewarding to lead an active lifestyle. As users explore the Genoverse, evolve, and battle their Genopets, they may earn cryptocurrency by completing real-world actions, thanks to Genopets’ combination of step data from their mobile device and blockchain Play-to-Earn economics.
Dotmoovs
Introducing Dotmoovs, a revolutionary new sports competition platform that allows users to compete against one other throughout the globe in real-time. The startup has built an AI system that allows them to score sports moves and motions using a basic video captured with a smartphone. Players will monetize their abilities by investing $MOOVs in the platform.
STEP App
Launched in January 2022, Step (STEP) is a Move to Earn initiative that pays users with daily prizes for walking. The mobile app is presently accessible for users to check out on iOS and Android devices, and we suggest checking it out if you’re eager to start earning rewards.
Calo Metaverse
Calo Metaverse is a health-lifestyle platform with Gamefi and Socialfi factors to help people move more and make movement more rewarding. Based on blockchain, You can equip yourself with an NFT and start the game by moving. Through those daily activities, you can earn more tokens to use in games or even cash out easily.
Digital Fitness
Digital Fitness (DEFIT) is a cross-chain cryptocurrency functioning on the Polygon and Ethereum blockchains. Its objective is to put the world of sports and fitness onto the blockchain, driving the Move to Earn movement.
The DEFIT token will be used by the Digital Fitness team to create a full digital fitness market. Digital Fitness is trying to reward users for living a healthy and active manner with DEFIT tokens like other projects on this list.
The project contains a mobile app presently under development that people may check out on Android and iOS devices. Keep in mind that the initiative is still in its early phases, thus the comparatively modest market worth of $4.6 million. The app will offer a community-first marketplace for health and fitness professionals with DEFIT at the center of the ecosystem.
Aircoins
AIRX (Aircoins) is a Move to Earn initiative that allows users to earn bitcoin in an engaging and engaging fashion. It’s akin to the geocaching game where players may travel to different areas and collect bitcoin.
Aircoins blends the play to earn approach into their platform coupled with an Artificial Reality Metaverse that engages users to educate them about cryptocurrency initiatives in the field.
The Aircoins proof of work method may be used to locate coins via the mobile Aircoins app, which is available for Android and iOS smartphones. As a result, they get a reward for their hard work while still remaining in shape.
Aircoins is also aiming to make it possible for users to purchase NFTs, which are a sort of virtual real estate, on the platform. Players may earn AIRx tokens monthly by owning the Aircoins digital real estate.
Conclusion
In summary, Move to Earn are Mobile application that allows one to earn passive income while playing mobile games. Users’ daily activities such as walking, running, cycling, shopping, or driving are recorded.
