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?
Yes I have heard about it, I currently have one a friend introduced to me to download in my device and so far am earning the token by moving around. I do a lot of walk around so I found ot very useful since I will not only gain health but also earn tokens as reward for it.
I think this will be very useful in the blockchain since a lot of people engage in one physical activity or another in their daily routine.
The market is not doing well, I hope move to earn will become a new trend that can pull the market up again. Honestly, this is a pretty good model and applied in practice, participants are both healthy and profitable. I know this is also a trend like many previous trends of the market like P2E, NFT...but I really hope this trend persists in the crypto space as it is very useful.