Weekly Project Highlights — Move to Earn
What would encourage people to stop sitting around playing games all day? Living a sedentary lifestyle has been one of the biggest challenges gamers had to face. It requires more time and energy giving people less time to exercise arising to different health issues. The answer to this problem? Move-to-Earn (M2E)! The latest innovation using blockchain technology has provided gamers different ways to enjoy games by combining it with health & fitness.
The M2E concept is somewhat similar to PokemonGo (a game that requires people to travel / move to different places to catch rare Pokemons). But instead of getting a rare Pokemon, gamers are incentivized in the form of crypto which can be converted to cash in real life. People get to live their life, always on the go but still they get to earn by doing so. In this article, we are going to go over some of the featured top 5 famous move-to-earn games that are listed in lootex.io:
STEPN is a Web3 lifestyle app with inbuilt Game-Fi and Social-Fi elements. It is built around an essential daily activity for most people — moving around. They are the first project to effectively bring to life a functioning “move & earn” concept. To participate, users must buy a pair of NFT sneakers which will be accessible through downloading the STEPN app. The application will use the GPS tracking and motion sensor technology to monitor how far they have traveled and will be rewarded according to distance. These rewards are in the form of tokens called GST which can either be spent inside the game to upgrade sneakers or cashed out as a real world currency.
While the STEPN app is under development, users will be able continue earning GST. So long as the user holds a Sneaker in the app, Background Mode will count the steps directly from their mobile device’s Health Data app, capped at 3,000 steps daily. These earnings are fixed (not affected by Efficiency or other bonuses) and will not add towards the daily GST limit. Through the utilization of GameFi, the project aims to nudge millions toward a healthier lifestyle, combat climate change, and connect the public to Web 3.0, while simultaneously hinging on its Social-Fi aspect to build a long-lasting platform fostering user generated Web 3.0 content.
Calo Metaverse is a moving lifestyle app based on blockchain with Game-fi elements. Upon entering the Calo Metaverse, players should equip themselves with NFT sneakers to participate in virtual challenges. The NFT sneakers are available to trade on Lootex marketplace and are upgradeable within their app.
Income can be generated from moving (walking, jogging, or running). When conditions for challenges are met, players will be rewarded with FIT Token and which can be used to continue participating in the next activities on the app. The app also provides extra incentive through referrals of new players using the app.
The team is set to build their own sport clubs pushing with the concept of health & fitness through the help of their app. They believe that the Social-Fi system will support the connection between users and community through exercise. It will also be the foundation of their ecosystem’s growth while achieving long term sustainability. With the perfect combination of gaming, move to earn, and healthy guidelines, Calo Metaverse promises to help millions of users improve their exercise habits.
The Dotmoovs app enables users to record their sports activity and compete with other people around the world using their smartphone camera. Dotmoovs aims to provide a way to accurately assess each athlete’s performance and rank them accordingly. Players get to participate in their challenges, move up in ranking, and start earning MOOV coins.
MOOV coins can be interchangeable with their NFT or real world assets such as cash. Dotmoovs features an artificial intelligence (AI) based video referee to assess users’ performance. Users can also unlock MOOV rewards by staking their tokens or providing liquidity.
The project’s profit-sharing model (NFT renting) will enable users to participate without having to buy an NFT from the start. The NFT owner, known as a Sports Manager, decides the profit sharing percentage, duration, and number of games a renter can use their NFT. In the future, the app will be more structured introducing features like fixed rentals for a specific amount of time. This will be an easier option for both renter and sports manager to track their hourly / daily average earnings.
RUN TOGETHER is a Web3 lifestyle app built on the BSC ecosystem, inspired by people’s daily walking exercise. By awarding tokens to runners and creating competitions, they aim to build a large running community and inspire the spirit of improving physical health together.
There will be daily missions such as solo / group running, accumulating sign-in time, and unlocking slots. Every mission will be based on the quest system that is divided by Shoe Level. In order to have more quests, a player must have a higher shoe level.
The product promotes itself to be the first app to combine the Move-to-Earn, Social-Fi, and Metaverse models. It has a wide range of practical applications in public health providing their community of investors with a stable and attractive source of income.
Airсоins is a mobile app where players can collect digital assets in AR based on geolocation. Using a proof of effort algorithm, players are rewarded for their effort while staying active and maintaining a healthy lifestyle. This smartphone app turns low-cost Crypto exchanges into an exciting AR treasure hunt in which users can hunt down and collect free Crypto.
This project introduces a new digital medium for advertising, communication and brand marketing. They provide marketing / advertising services such as increasing a company’s brand awareness through the use of their interactive 3D Augmented Reality ads.
There are rewards located in various locations ranging from malls, concerts, casinos, and various other events. Existing as decentralized digital assets on a privatized blockchain network, The collected funds are stored in an accessible digital wallet which allows users to have access anytime it is needed.
More GameFi Projects
If you enjoyed reading this article, come check out our latest article regarding MMO GameFi Projects. We will be posting new articles every week featuring varieties of GameFi projects along with other exciting news. Subscribe to our medium page to receive the latest news in the play-to-earn Metaverse and never miss out on any of Lootex’s highlights!
If a GameFi project you are expecting isn’t featured in this article, it doesn’t mean it won’t be in the next one. Frankly speaking, there are a lot of different high potential projects, mainly those that are listed in Lootex. If there’s a game you enjoy, and you want to see us highlight that game, we would be glad to hear from you! Send us a DM on our social links in the description down below.
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