STEPN is an innovative Web3 lifestyle app that seamlessly integrates gaming and social elements to motivate users to lead healthier lives, all while earning tokens.
The app is specifically designed to encourage outdoor activities such as walking, jogging, or running, by rewarding users with NFTs in the form of sneakers.
Through outdoor exercise, users can collect GSTs and NFTs, which can be used to upgrade their sneakers or redeem them for rewards. Additionally, the app offers a premium subscription that grants access to exclusive features throughout the subscription period.
STEPN is an innovative mobile NFT game that operates on the Solana blockchain, offering users a unique opportunity to earn rewards while promoting healthier lifestyles.
Developed by Find Satoshi Lab, an Australian fintech firm, STEPN emerged victorious in the Solana Ignition Hackathon Gaming Track. The app successfully raised $5.0M in seed funding from prominent investors such as Solana Capital, DeFi Alliance, MorningStar Ventures, and Sequoia Capital.
Since its Beta launch in 2021, STEPN has gained remarkable traction in the industry, garnering 24.5% of total downloads in its category on the App Store as of May 2022.
Notably, the app also plays a crucial role in advancing carbon neutrality, aligning with its mission to usher millions of individuals into the Web3 era.
During its peak, StepN boasted nearly 1 million active daily users, demonstrating its wide adoption and high engagement. In October 2022, StepN formed a partnership with Grammy-nominated DJ and producer Steve Aoki and his A0K1Verse ecosystem to create co-branded digital sneaker collectibles, further expanding its reach and appeal.
Although it generated profits of $26 million in Q1 of 2022, the project encountered challenges, including the crypto winter and user backlash over an update that some considered a “permanent tax” on their earnings.
The release of MOOAR Genesis Sneakers is a strategic move aimed at reviving StepN’s popularity and solidifying its position as one of the leading move-to-earn projects in the crypto space. Users are advised to stay tuned for more details about the new sneakers, which will be announced on the StepN website.