In 2021, Play-to-earn apps have become one of the key drivers of the growth of the blockchain and crypto market. This year, Move-to-Earn games have grabbed the initiative and gaining more and more popularity. We figured out how NFT games work and how much money can you earn on it.

– What is Move-to-earn, actually?

Move-to-earn (M2E) – is a business model or concept used in games based on blockchain. The focus of these projects is health and fitness and users are rewarded for their physical activity.

How does it work? A smartphone app tracks the player’s activity, such as walking or running, and rewards him with in-game tokens. Profit bonuses can be withdrawn or used to improve characteristics and qualities inside the game.

In most M2E cases, users have to buy or rent NFT (for example, tokenized sneakers) that allows to make money. Due to the growing popularity, the threshold for entering games is growing rapidly. In best-known StepN app, for instance, the cost of the cheapest NFT sneakers is 11.7 SOL (~$1180) and the price of a character for the Genopets game starts from 24.88 SOL (~$2500).

Move-to-earn apps have begun to gain popularity only in 2022. Now there are some new projects that use this concept in its pure form or in combination with Play-to-earn elements.

– What is the secret of such popularity?

Probably, anyone wants him to be paid for what they do every day. Just move around and get paid!

The hype around Move-to-Earn games is understandable and associated with true values, relevance and the desire to earn passive income. Tens of millions of people strive for 10,000 steps every day to close the circles on their Apple Watch. Now these users have a great opportunity to monetize their activity!

– What are some examples of projects?

Here’s a list of some of the best M2E apps that are available in the market for you to try out.

• StepN

StepN is an app for tracking physical activity such as walking or running with more than 800,000 daily active users. Based on how far you travel each day coins will be credited for your steps.

To earn money you need to buy NFT sneakers. All the sneakers are unique and have different energy and comfort scale.

• Genopets

It is a full-fledged online game with a wide selection of characters and missions. To start earning, the user must buy a virtual animal that is called a Genopet. Then the animal is gradually growing and improving its characteristics depending on the daily physical and mental activity of the player.

The game provides three main scenarios: you can upgrade the Genopet with physical activity, fight with other players’ pets or use NFT-lands to get in-game currency and special bonuses that can be sold and used to improve you pet or lands.

• Trace App

Trace operates on drive-and-earn model. To make money you need to buy an NFT-car from the released NFT collection and travel by any transport – own car, taxi, bus, scooter, bicycle – the main thing is to observe the speed limit of 10 km/h and higher.

Overcoming a certain distance you will be credited by ACE tokens. An NFT-car can also be upgraded by spare parts and modern features to earn more.

• Wirtual

Wirtual is a game for tracking activities such as running, swimming, dancing, etc. To use this app, you need to connect a fitness bracelet.

In order to earn in this game the player сompletes challenges for which participation he must pay in fiat currency from a bank card.

– What are the perspectives for Move-to-earn Apps?

FitnessFi and cryptocurrency earning apps are new exciting ideas based on established concepts that have demonstrated their ability to keep the interest even after the initial euphoria has passed. Despite the fact that most applications require significant pre-investment, you can start moving, earning and also improving your physical form almost effortlessly.

It is obvious that the popularity of M2E applications will grow, which means that the user base will also increase.

However, the main drawback of absolute majority of such projects remains the focus only on making money. Developers and marketers are spending more and more time to upgrade earning mechanisms forgetting to develop the gameplay and story itself.

Conclusion

We want to stress the fact that gradually users are switching to Web 3.0 solutions. It makes us possible to talk about the Internet’s entry into a new era – the era of decentralized development – rather soon.

Move to earn is a very promising concept in the field of NFT and cryptocurrencies that helps to stay in good physical shape and earn real money. If you think that StepN has captured the market and there are no worthy analogues, we hope our research and article have convinced you otherwise.

Just be curious, keep abreast and dive into top projects at the start to not miss your chance!

Lansoft experts will be happy to help you in assessing profitability, planning, developing and launching Move-to-earn or any other web3 solutions.