StepN is a Web3 lifestyle app committed to rewarding users with crypto currency for moving. By moving, we mean either walking, jogging or running outside. To participate in this unique offering, users have to download the StepN app. After this, they purchase an NFT and get moving to earn tokens. Users are able to spend their earnings in the StepN ecosystem. They can also swap them to an external account and cash out for profit.
The NFT sneakers collection was launched exclusively on the Binance NFT Marketplace and hosted on the BNB Chain. This collection is co-branded by STEPN and ASICS. Amazingly, it has garnered over 195,000 participants and ticket subscribers for the collection.
ASICS is a manufacturer of performance athletic footwear, apparel and accessories.
The total trading volume has exceeded $10 million. Also, the floor price is being maintained at over $3,000. This exemplifies the success of the well planned initial game offering (IGO).
Yawn Rong, the co-founder of StepN, has said users can expect more exciting developments from StepN in the future. This is because the app has made plans to integrate more SocialFi elements into its platform. Additionally, StepN will also be rolling out exciting features for non-native crypto users. These features will help facilitate their onboarding into the Web3 world.
Recent moves by StepN has also skyrocketed the brand’s popularity. It has grown ito over $1-billion in market cap. Its user growth and engagement have also steadily increased, which has driven its total app downloads beyond 1 million.
Rounding up,
NFT’s are generally very profitable even without the ability to earn tokens from simple activities. The ability to earn extra money for doing almost nothing has made NFT one of the most profitable NFT ventures to embark on. However, you need to be very careful.
There are a lot of scam projects. NFT collections and fake tokens created by dubious persons. Your money, time and effort could all disappear in the blink of an eye.
