Move-to-Earn is a new sensation taking over the health and fitness world.
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Covid had taught people to stay healthy and fit. Now everyone is more concerned about their health than ever before.
Move-to-Earn is that turning point in this crypto revolution where fitness, health, and blockchain technology meet each other.
Though everyone is concerned about their health, not everyone is motivated to take action on it.
Blockchain technology has found a solution to this problem. Move-to-Earn is the motivation source that will keep you fit through monetary benefits.
Move-to-Earn is an expanded version of Play-to-Earn that integrates three factors: GameFi, SocialFi, and NFT.
What is Move-to-Earn?
Games and apps developed by M2E track users’ actual activity and provide them rewards for exercising.
It does sound unbelievable but it has already been done successfully.
Your morning jogging or weekly sports practice can all be easily made into money through a Move-to-Earn game.
After the success of Play-to-Earn games like Axie Infinity now Move-to-Earn is ready to revolutionize the fitness industry.
Like any other type of crypto, the projects, and Move-to-Earn industry have also been crowded since its introduction in 2020.
Though the concept of a Move-to-Earn game is not that fresh. Earlier games like Pokémon Go had done it successfully in the web2 arena.
This same concept has been brought to web3 powered by blockchain technology while connecting it with Defi and Metaverse.
How do these Move-to-Earn Games work?
TheseMove-to-Earn games use the movement-detecting features of a smart device, such as a phone, watch, or wearable, to gather user behavior information.
This collected data can be GPS-enabled elements like location and steps taken steps to take, and calories burned.
Then the software or backend technology of the Move-to-Earn game transforms the data it has gathered about the user’s physical activities into in-platform rewards.
For this these games combine features of AI, VR, AR, and blockchain protocols.
Here are the top Move-to-Earn Games by market cap and Usability.
Market Cap – US 385 million
Website – https://stepn.com/
STEPN is the biggest Move-to-Earn crypto game with 75% dominance in market cap.
Stepn is a web3 lifestyle app that pays users for movement.
Users that have STEPN NFTS can make money while walking, jogging, and running outside.
These STEPN NFTs are sneakers, that a user has to buy first to get started with the app.
Market Cap – US 81 million
Website – https://sweatco.in/
Sweatcoin simply pays you to walk. Unlike other Move-to-Earn games, Sweatcoin is free to join. It has 100M registered users and 600+ partners to offer rewards in return for the SWEAT Coin earned.
Sweatcoin platform rewards your everyday activity with a cryptocurrency that you can use to buy great things, give to good causes, or exchange for a SWEAT token.
Market Cap – US 20 million
Website – https://step.app/
Step App is powered by Metaverse, AR, and blockchain technology.
Players can engage in friendly rivalry, social joy, and financial fitness goals.
Players must purchase Sneaker NFTs for this before they can start playing and earning cryptocurrency.
Users receive KCAL tokens, the in-game cryptocurrency, as rewards for completing a variety of fitness-related tasks.
Market Cap – US 12 million
Website – https://www.genopets.me/
Genopets M2E game takes inspiration from Axie Infinity and Pokémon Go.
Players raise their digital pets called Genopets and bring them in battles with other players to earn GENE tokens which is the native currency of Genopets.
Built on the Solana blockchain, this Move-to-Earn app has the support of well-known investors, including Samsung Next.
You must fulfill daily tasks, such as taking your pet on a stroll outside or engaging in PvE combat, to upgrade your Genopet.
Market Cap – USD 5.4 Million
Website – https://dotmoovs.com/
Dootmoovs once more makes use of AI technology to monitor and spot fraud using cutting-edge algorithms to root out any cheating.
Developed on the Ethereum blockchain, Dotmoovs is a Move-to-Earn NFT game that rewards players for exercising and engaging in other physical activities with its native tokens.
MOOV is the native token of Dotmoovs which is currently 5th largest M2E crypto as per market capitalization.
To provide its players with the finest gaming experience possible, Dotmoovs makes use of cutting-edge artificial intelligence (AI), blockchain, and decentralized finance (Defi).
In-game items, such as new avatars and improvements, can be purchased with tokens and bonus points earned by winners.
What to consider before investing in Move-to-Earn games?
Before investing in Move-to-Earn games through crypto exchanges, there are certain things that you need to keep in mind.
First of all, do proper research on the project and if possible be a part of the community as a player/user.
Use the app and play a game to understand how it works.
Another thing to look for is the experience level of the founding team of the crypto start-up.
As it is related to the fitness and health industry so there must be certain parameters that the game stands on.
Most of these Move-to-Earn games will be nowhere in near future. So to analyze which is going to play long term you have to check its utility.
If the game is unnecessary putting money in users’ pockets with a structured techonomic then keep it away. These kinds of games are not sustainable.
On the other checking company reports and profitability is also crucial.