ICYMI: StepN: The Sustainability of Move-to-Earn Model
StepN is a Solana-based move-to-earn project that gamifies running activities and allows users to earn in-game currency simply by moving. It holds a 92% market share in fully diluted valuations for all M2E projects.
Unlike other play-to-earn games, StepN has a relatively higher app stickiness because its core product revolves around running, which is a perpetual activity. As we dug deeper into its tokenomics design, we discovered a concern about the sustainability of its in-game currencies, GMT and GST.Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and markets. Together with additional services, we help organizations understand what’s happening in the rapidly developing digital asset ecosystem.
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