Have you heard about a new business model in the crypto industry called Move-to-Earn (M2E)? It's about tokenization of various forms of physical activity. According to the idea, this model should provoke more people to an active lifestyle, which will be encouraged by the tokens of the corresponding blockchain application.
At the moment, the most famous project is STEPN and their token STEPN (GMT), which has already raised almost $2 million in capitalization.
What do you think, what is the future of this business model and will there be a hype for such tokens?
I have seen STEPN for a while now among the trending projects that are listed on coinmarketcap. To be honest i have never really looked into that projects that were listed there because most of the times those projects are just meme-coins and i don't care about shit-tokens. STEPN seems to be different though. I just took a look at the chart of STEPN and early investors have already made a x30 of their initial investment. So congrats to everyone that invested early into that project but personally i would not invest into it anymore now because after such a pump there usually also comes a correction. Also i am not sure if this business model is really sustainable or just a trend that is dead withing a few weeks again.