In the crypto world, DeFi, NFTs, P2E, Metaverse, Stablecoins, and more have made the waves.
Now, there’s a new technology or way to earn in the crypto world. It is known as Move-to-earn.
What is Move-to-Earn?
Here is what to know about Move-to-Earn:
- It includes a variety of products and services that pay users for being active. So, it pays users for partaking in exercise for example. It is somehow like P2E.
- It came into existence in 2021 through the popularity of STEPN, a web3 lifestyle app.
- The app tracks the activities from a smartphone such as the activity of fitness. These activities can be uploaded to a move-to-earn app and it can be checked if it qualifies for a reward.
These kinds of crypto tokens were leading the top gainers for the week despite the fact that the market was on a downward turn.
Bitcoin traded lower than it used to, and the cryptocurrency market capitalization fell below the $2 trillion mark.