Meta Camel Racing ClubThe most promising Web3 games for 2023
2022 has seen no shortage of ambitious play-to-earn Web3 games in the industry, with even massive AAA productions entering the market to compete. But what Web3 games are poised to roll out bigger plans in 2023?SubscribeMistMist is a blockchain-based MMORPG that boasts an open fantasy world and fantastic narratives. On 30 November, Mist launched its pre-alpha test. Players with Tier 3 NFTs or higher are among the first to experience the dynamic combat style and immersive open-world adventures ...
Meta Camel Racing ClubCamel Racing History
Camel racing is a traditional sport practiced for centuries in the deserts of Arabia, North Africa, and Central Asia. The history of camel racing can be traced back to Bedouin tribes, who have been breeding and racing camels for thousands of years. Camels were used for transportation, as well as for racing and betting. Camel racing first originated in the 7th century on the Arabian Peninsula. At the time, it was just an informal part of cultural events and ceremonies like weddings and birthda...
Meta Camel Racing ClubRobot jockeys —a modern twist to the ancient Arabian tradition of camel racing
Camel racing is a popular sport in Middle Eastern countries, where camels are bred and trained specifically for racing. Historically, human jockeys were used to ride camels in races, but the use of child jockeys was a major source of concern and controversy. The international community criticized the use of child jockeys due to the physical danger and exploitation involved. In response to these concerns, many countries began to ban the use of human jockeys in camel racing and replaced them wi...
Meta Camel Racing ClubThe most promising Web3 games for 2023
2022 has seen no shortage of ambitious play-to-earn Web3 games in the industry, with even massive AAA productions entering the market to compete. But what Web3 games are poised to roll out bigger plans in 2023?SubscribeMistMist is a blockchain-based MMORPG that boasts an open fantasy world and fantastic narratives. On 30 November, Mist launched its pre-alpha test. Players with Tier 3 NFTs or higher are among the first to experience the dynamic combat style and immersive open-world adventures ...
Meta Camel Racing ClubCamel Racing History
Camel racing is a traditional sport practiced for centuries in the deserts of Arabia, North Africa, and Central Asia. The history of camel racing can be traced back to Bedouin tribes, who have been breeding and racing camels for thousands of years. Camels were used for transportation, as well as for racing and betting. Camel racing first originated in the 7th century on the Arabian Peninsula. At the time, it was just an informal part of cultural events and ceremonies like weddings and birthda...
Meta Camel Racing ClubRobot jockeys —a modern twist to the ancient Arabian tradition of camel racing
Camel racing is a popular sport in Middle Eastern countries, where camels are bred and trained specifically for racing. Historically, human jockeys were used to ride camels in races, but the use of child jockeys was a major source of concern and controversy. The international community criticized the use of child jockeys due to the physical danger and exploitation involved. In response to these concerns, many countries began to ban the use of human jockeys in camel racing and replaced them wi...
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STEPN is a smartphone app designed by Solana. Users can earn money for walking, jogging or running for a set period, outdoors. The reward comes in the form of Solana’s Green Satoshi Token (or GST tokens). You would need to purchase NFT sneakers to get started, and as you upgrade your sneakers, you are eligible to earn GST. When you reach level 30 you can earn STEPN GMT, the governance token.
The move2earn lifestyle app launched with a closed beta in December 2021 and maintained steady growth by onboarding new users through weekly Discord calls and Twitter spaces. At the time, players could make anywhere from $5 to $50 a day, depending on how long they had been playing and how many pairs of sneakers they owned.
As the cold winter months ended, STEPN’s growth quickened as the chance to get money by playing outside grew more tempting. Any player with an activation code could begin playing the game after changing to an open beta.
More than 100,000 people had downloaded STEPN from the Google Play store by the end of March.
In May, the token started to nosedive, and the growth of STEPN has slowed down significantly. Dune Analytics revealed that the daily active users of the move-to-earn app have dropped from 105,257 in June to 6,000 in September.
The tokenomics of STEPN appear to be in trouble as both the governance and utility token are down over between 91% to 99% from their all-time highs earlier in the year. Both tokens are trending downwards, and the situation looks dire.
Many are left wondering why STEPN is declining in popularity. The answer could be clearer. Bear market and some inappropriate public statements of STEPN founders could be on the list of reasons.
The other one could be connected to STEPN’s origin in China. On 27 May, the team at STEPN announced to the crypto community that the company would stop offering GPS services to China due to regulatory policies from 15 July.
Additionally, move2earn and other “to earn” mechanisms have been the source of much criticism so far. Many people refer to such apps as ‘Ponzi schemes. Ponzi scheme-based apps are a form of fraud since they depend on paying back earlier investors with funds from the latest investors. Therefore, the only way for “to earn” users to earn money is to encourage other people to join the ecosystem. This discourages users and makes the business model unsustainable.
STEPN is a smartphone app designed by Solana. Users can earn money for walking, jogging or running for a set period, outdoors. The reward comes in the form of Solana’s Green Satoshi Token (or GST tokens). You would need to purchase NFT sneakers to get started, and as you upgrade your sneakers, you are eligible to earn GST. When you reach level 30 you can earn STEPN GMT, the governance token.
The move2earn lifestyle app launched with a closed beta in December 2021 and maintained steady growth by onboarding new users through weekly Discord calls and Twitter spaces. At the time, players could make anywhere from $5 to $50 a day, depending on how long they had been playing and how many pairs of sneakers they owned.
As the cold winter months ended, STEPN’s growth quickened as the chance to get money by playing outside grew more tempting. Any player with an activation code could begin playing the game after changing to an open beta.
More than 100,000 people had downloaded STEPN from the Google Play store by the end of March.
In May, the token started to nosedive, and the growth of STEPN has slowed down significantly. Dune Analytics revealed that the daily active users of the move-to-earn app have dropped from 105,257 in June to 6,000 in September.
The tokenomics of STEPN appear to be in trouble as both the governance and utility token are down over between 91% to 99% from their all-time highs earlier in the year. Both tokens are trending downwards, and the situation looks dire.
Many are left wondering why STEPN is declining in popularity. The answer could be clearer. Bear market and some inappropriate public statements of STEPN founders could be on the list of reasons.
The other one could be connected to STEPN’s origin in China. On 27 May, the team at STEPN announced to the crypto community that the company would stop offering GPS services to China due to regulatory policies from 15 July.
Additionally, move2earn and other “to earn” mechanisms have been the source of much criticism so far. Many people refer to such apps as ‘Ponzi schemes. Ponzi scheme-based apps are a form of fraud since they depend on paying back earlier investors with funds from the latest investors. Therefore, the only way for “to earn” users to earn money is to encourage other people to join the ecosystem. This discourages users and makes the business model unsustainable.
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