STEPN combines Social-Fi and Game-Fi elements in a Web3 lifestyle application, where you can earn the in-game tokens by walking, jogging or running outdoors.

The GameFi sector is poised to lead the next wave of crypto adoption, and in addition to the play-to-earn model, there is also the move-to-earn (M2E) model. STEPN, one of the top M2E games, has gained a massive 31,000% in profits after its token sale on Binance Launchpad on March 2.

STEPN combines Social-Fi and Game-Fi elements in a Web3 lifestyle application. By walking, jogging, or running outdoors, you can earn GST, the in-game token, which can be used to level up and mint new Sneakers.

A Brief Background

Satoshi Lab, the parent company of STEPN, was founded in 2021 by Jerry Huang and Yawn Rong. Following a recruitment drive in September 2021, the STEPN team was placed fourth at the Solana Ignition Hackathon in December 2021, attracting investor interest.

Afterward, STEPN raised $5 million in seed round funding from 6th Man Ventures, Alameda Research, Corner Ventures and others. The M2E platform made substantial gains of $26.8 million in the first quarter of 2022, as the number of unique accounts on the platform increased.

STEPN combines Social-Fi and Game-Fi elements in a Web3 lifestyle application, where you can earn the in-game tokens by walking, jogging or running outdoors.

The GameFi sector is poised to lead the next wave of crypto adoption, and in addition to the play-to-earn model, there is also the move-to-earn (M2E) model. STEPN, one of the top M2E games, has gained a massive 31,000% in profits after its token sale on Binance Launchpad on March 2.

STEPN combines Social-Fi and Game-Fi elements in a Web3 lifestyle application. By walking, jogging, or running outdoors, you can earn GST, the in-game token, which can be used to level up and mint new Sneakers.

A Brief Background

Satoshi Lab, the parent company of STEPN, was founded in 2021 by Jerry Huang and Yawn Rong. Following a recruitment drive in September 2021, the STEPN team was placed fourth at the Solana Ignition Hackathon in December 2021, attracting investor interest.

Afterward, STEPN raised $5 million in seed round funding from 6th Man Ventures, Alameda Research, Corner Ventures and others. The M2E platform made substantial gains of $26.8 million in the first quarter of 2022, as the number of unique accounts on the platform increased.