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STEPN, a Web3 app that features in-built GameFi and Social-Fi and leverages blockchain-based tokenised incentives to encourage an active outdoor lifestyle, is today celebrating its one-year anniversary. STEPN hits key milestones and inks partnerships The company, which launched in 2021, has seen massive growth amongst community members with users clocking over 4.
The move-to-earn health app STEPN and the brand-new metaverse GigaSpace have formed a strategic alliance to create a digital STEPN Metropolis for their respective communities. GigaSpace is creating a digital environment that is not only intended for Web3.0 events but also for Web2.0 events that can dive into Web3.
The two have formed a strategic partnership to build a virtual STEPN city in the GigaSpace metaverse. The new metaverse GigaSpace has formed a strategic partnership with the move-to-earn fitness app STEPN to build a virtual STEPN City for their community.
According to Footprint Analytics, GameFi projects characterized by a ‘play-to-earn' (P2E) business model have seen a decline in user interest since the beginning of the year. Between April 2021 and August 2022, the index for new users in the GameFi space dropped by 57%.
STEPN (GMT) has struggled to show its move in recent months after ranking as the top gainer for several weeks against tether (USDT). The price of STEPN has struggled to rally to $1 despite the market seeing relief bounces across the market, with many altcoins producing double-digit gains, with the price of STEPN (GMT) showing little or no steam left for a major rally.
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STEPN [GMT] is beginning to show signs of volatility again as the GameFi application continues to lose its strength of user growth. The GameFi-based Web3 application has become a target of bear market conditions in recent months like the majority of crypto assets.
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The altcoins below are the strongest altcoins for the week. RVN and ATOM are the top strongest altcoins for the week.
STEPN [GMT], a Web3 lifestyle application with social and game elements, recently registered a massive decrease in its user base. In the month of February, STEPN's user base surged considerably, as it grew more than 100 times in the next few months.
STEPN [GMT] was recently highlighted in a recent Messari Twitter thread which evaluated its performance before and after Solana [SOL] network woes. The thread showcases how market changes can disrupt and potentially destabilize dapps.
Move-to-earn app STEPN announced that it is opening an office in Hong Kong despite COVID-19 restrictions and a tough regulatory environment.
Popular move-to-earn platform STEPN is set to establish its regional headquarters in the Hong Kong government-owned business park, Cyberport, the South China Morning Post reported on Monday. STEPN Expands to Hong Kong Jerry Huang, the co-founder of STEPN, shared details on the development, where he noted that it would bolster the adoption of Web 3 in the country.
STEPN revealed a plan to move to Hong Kong on Monday, bucking the trend of companies exiting the city due to strict Covid rules and a difficult regulatory environment. The post As others flee, STEPN announces move to Hong Kong: SCMP appeared first on The Block.
The crypto space is constantly evolving, and newly minted cryptocurrencies are often able to take advantage of emerging opportunities before more established tokens adapt to the times. It can be difficult to cut through the hype and identify new tokens whose durable value propositions and reliable use cases set them apart from the pack.
STEPN [GMT] just celebrated its first year in the crypto industry as of 2 September. The play-to-earn sensation caused a lot of uproar in the early months of 2022.
Many people flock to the crypto space with dreams of becoming rich. It's understandable after seeing countless stories about new generations of millionaires that revitalized their personal fortunes almost overnight. These stories are still possible, and new levels of riches will still be made in crypto again and again, even despite the current market downturn.
The cryptocurrencies are in a downtrend and have fallen to the bottom of the chart. The weakest altcoins have revisited the previous support levels.
The Earn-to-Move Model STEPN (GMT), a Web3 platform, has announced the launch of DOOAR, a multi-chain DEX designed by Find Satoshi Lab for STEPN users
Investors who have remained in the crypto space throughout this bear market have toughened up and acclimatised to market volatility. But the most recent shock has seen many investors wanting to diversify their investments.
STEPN drops 14.47% and fails to halt its bearish rally. GMT took some additional offers near $0.6786.
As cryptocurrency adoption saw new heights, multiple ecosystems began to spring up. The Solana-based protocol, STEPN is one such network.
Atlético de Madrid football club of Spain has announced its partnership with WhaleFin to launch 1,001 non-fungible token (NFT) sneakers on the STEPN platform.
Celphish Finance (CELP) is an NFT and DeFi platform that helps users get more out of their NFTs and offers them more liquidity options
