News Tech: If you thought Play-to-Earn platforms were the Endgame, think again! Move-to-Earn (M2E) is the ultimate breakthrough idea that is gaining popularity at such a rapid rate and for all the right reasons!
The concept behind the M2E apps is evidence that there are countless opportunities in this vast Web3 sector. If you’re interested in M2E, take a look at the move-to-earn idea, popular M2E cryptocurrency apps, and ways to make money.
Who would have imagined that just moving your body could bring in cash? You heard correctly! The M2E crypto app model is created in a way that all users have to do to enhance their health is move or exercise, and they will be compensated for doing so.
What is “Move-to-Earn”?
Move-to-Earn is a simple concept that aims to tokenize physical activity like doing exercises with which users can then earn cryptocurrency or NFTs according to how much they work out or how many fitness-related challenges they complete.
Most of the move-to-earn apps are based on regular exercise. The basic idea is that if you move around in the real world while running, walking, etc, you will be rewarded with in-game tokens.
Running around in parks, streets, and forests is the centerpiece of the M2E strategy. Most M2E crypto apps give players their unique in-game currency as a reward. With these M2E apps, you can accumulate in-game money, use it on the platform, or exchange it for real money.
Since in-game items and NFTs are a crucial component of move-to-earn apps, there is a brisk market for them on secondary marketplaces like OpenSea and LooksRare. Staking
The majority of these move-to-earn apps have a good staking facility because they all use GameFi mechanics. The Step App has introduced what they refer to as perpetual staking, which allows users to stake once and receive rewards indefinitely. STEPN users can stake their Sneaker NFTs to earn rewards.
On M2E apps like Stepn and Step App, players can mint essential in-game NFTs, which they can later use or sell on the open market.