Move-to-earn are games that pay their users for them to practice physical activities such as walking, cycling or in other ways. So the more time you spend on the move, the more you can earn. This “FitnessFi” concept is a fast growing segment of the Web3, which allows users to control and monetize their personal data.
In this article, we will discuss:
What is Move-to-Earn?
Move to Earn it may be a new term, but it is not a new concept. Exercise has been gamified for years. Nintendo popularized motion-based mobile app games through Pokémon GO. They recently released a suite of fitness games with their Nintendo Switch console that even have dedicated fitness controllers (eg Exercise Ring).
If we go further back, we also had the Wii console, powering games like Wii Sports. One could even consider sports a form of M2E, as professional players earn money from it through sponsorships, tournament wins, etc. Playing sports professionally, however, is probably beyond most of us. But M2E now allows you to earn financial rewards for being active. Simply put, Move to Earn is a form where users can earn money by moving. Movements will be recorded using sensor technology, GPS, on the phone.
Top 5 move-to-earn games
STPEN (GMT)
STEPWOMEN is a Web3 lifestyle app with fun social elements and gamification design. To play it, you need to buy an NFT shoe, and with it, the user can walk or run and earn GST tokens, which can be used to level up or mint new sneakers.
The player can choose to rent or sell their NFT sneakers on the in-app Marketplace. Meanwhile, users' GST earnings are stored in the app's wallet, which has a built-in exchange function.STEPN is created by Find Satoshi Lab, a fintech studio based in Australia. The team won the 2021 Solana Ignition Hackathon Gaming Track and is part of the DeFi Alliance Gaming group.
Digital Fitness (DEFIT)
Digital Fitness presents itself as an innovative decentralized fitness platform, powered by its native DEFIT token, which is done through the integration of the 360Wellness mobile app for movement control and rewards. 360Wellness is “a Web3 app in development aiming to create the world's first digital fitness marketplace based on a tokenized economy, empowering fitness creators and rewarding the community with cryptocurrencies while exercising and creating a complete ecosystem powered by the DEFIT token. ” According to the platform, DEFIT is a project incubated by Rede Ferrum.
Supported by one of the best project incubators in the DEFIT space, it is a project that can be 100% reliable and has met all of the following criteria: expert verification of blockchain early stage, mandatory smart contract audits by Blockchain Consilium, know your customer (“KYC”) of the project team, strict and secure liquidity requirements.
Dustland Runner (DOSE)
The game describes itself as the first movement-to-win blockchain audio game. Real-world sprints, sprints, and sprints move players forward in the game's narrative. Players' physical production is rewarded in the virtual world with digital items in the form of the Crypto DOSE, which can be used to upgrade characters and access additional resources.
The movement part of the game's narrative, which takes place in the year 2272, after all the cities on Earth were destroyed by a powerful solar explosion and players are part of one of the few survivors who roam the dusty lands and who need to stay alive. . Dustland Runner requires the purchase of a Kettlemine NFT, which will allow rewards of $DOSE tokens during gameplay.
Genopes (GENE)
Built on the Solana (SOL) network, Genopets is considered the world's first non-fungible tokens (NFTs) game. metaverse that encourages physical activity. The free-to-play and move-to-earn NFT game combines the information of the steps taken by the user by monitoring the movement of the cell phone with the economy play-to-earn based on the blockchain, which means users can earn cryptocurrency in real-life action while exploring Genoverse.
GENE is a governance and staking token that represents the value of the Genopets game as a whole and is used to create in-game NFTs. GENE holders get access to exclusive spikes in new content, have an in-game voice design, and can participate in special community perks like airdrops, while $KI is used as in-game currency.
Sweatcoin (SWEAT)
UK-based Sweatcoin says it aims to convert users’ physical movements into cryptocurrency-linked value. The company recently revealed details about its upcoming token, SWEAT. It is designed to reward your app users for being physically active. According to the company, the SWEAT cryptocurrency was designed to create value from people's movements. It also claims that the minting process would be based on the physical activities of the users. He seeks to inspire people to improve their health, even if they earn through the platform.
Sweatcoin co-founder Oleg Fomenko said the company plans to bring about a change in society by encouraging individuals to live healthier lives. He added that the company did not think of a crypto reward program at first because cryptocurrencies were not widespread in 2015. Then, he said that the company developed the Sweatcoin token to reward users. exchange your in-app Sweatcoins for SWEAT tokens at a 1:1 ratio at a token generation event scheduled for this summer. Users would receive a Sweat Wallet, which would generate fees, enabling a set of decentralized finance (DeFi) functions such as exchanging SWEAT tokens with other cryptocurrencies, liquidity provisions, staking, etc.
SWEAT is a motion-based cryptocurrency built on NEAR – a low-cost, high-speed, eco-friendly blockchain. The SWEAT value will be determined by the value users place on the move; making it incredibly unique. Currently, the Sweatcoin App verifies the steps as a Motion Validator. Over time, the Foundation will decentralize the motion verification process to allow other apps and wearables to verify new forms of motion, paving the way for users to earn SWEAT for swimming, cycling, walking, gymnastics, and more. SWEAT will become harder to mint over time, which means the sooner you ride, the more value you will receive.
Conclusion
Exercise gamification is not new. After all, games like Pokemon Go and Wii Sports are all about players moving around. However, running move-to-earn games on a blockchain allows developers to embed cryptocurrencies and non-fungible tokens (NFTs) as financial resources and rewards. Players can earn in-game cryptocurrencies that can be exchanged for real-world fiat currencies, providing tangible rewards for their participation, rather than simply paying to play a game.
