Move To Earn
Move-to-Earn is a blockchain-based concept that rewards users for physical activities, such as walking, running, or exercising. By integrating fitness tracking with cryptocurrency incentives, participants can earn tokens for their efforts. This innovative model promotes healthier lifestyles while leveraging gamification and community engagement to enhance user motivation and participation. Check out the table on this page that includes crypto projects with descriptions and interest levels based on the CryptoTotem algorithm. Learn more ↓
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| Project name | Description | Interest lvl | ||
|---|---|---|---|---|
 | StepN (GMT) | Description StepN is a move2earn NFT Game-Fi project on mobile devices that aims to help millions of runners to adapt Web 3.0 and at the same time, slow down global warming ... | Interest lvl | Add to Watchlist |
 | Genopets (GENE) | Description Genopets is a Free-to-Play, Move-to-Earn NFT mobile game on Solana that makes it fun and rewarding to live an active lifestyle. Earn crypto for taking action in ... | Interest lvl | Add to Watchlist |
 | Fitmint (FITT) | Description Fitmint is a move-to-earn game where you can earn rewards in crypto tokens, called $FITT, simply by walking, running, playing sports or working out. | Interest lvl | Add to Watchlist |
What is Move-to-Earn
Move-to-Earn (M2E) is a very recent trend in the Web 3 space that allows users to earn crypto-tokens through their physical activity. Users are rewarded in the form of crypto coins for performing simple physical activities: walking, running, exercising. This opens up interesting prospects for monetizing everyday activities using blockchain technology. The more activity, the more money can be earned. It’s a simple concept, and there are more projects in this field than one might think.
Cryptocurrency earning apps can help you combine the best of both worlds by “gamifying” exercise and combining it with incentives. M2E apps could be just what the doctor ordered when it comes to motivating people to engage in healthier physical activity in their daily lives. Similar to Play-to-Earn games that allow you to earn cryptocurrency just by playing, M2E apps and FitnessFi games use a variety of interactive programs and rewards to encourage you to get active.
The more activity, the more money can be earned. It’s a simple concept, and there are more projects in this field than one might think.
How does M2E work
The basic idea of Move-to-earn is that the user receives cryptocurrency tokens for performing a useful physical activity. Most often it is walking, running or exercising. Most M2E platforms use blockchain or other decentralized technologies to provide transparency and security. These technologies facilitate the creation of digital assets, such as tokens, that users can earn, own, and trade within the platform. The value of these assets is determined by supply and demand dynamics and the overall success of the platform.
Mobile apps that connect to pedometers and other gadgets are used to track activity. They record the number of steps, time and intensity of the workout. Based on this data, the app generates tokens of a specific project.
Popular examples of Move to Earn apps:
StepN (GMT)
Users must have one of four types of NFT sneakers to earn money with the STEPN app: Walker, Jogger, Runner, or Trainer. They have multiple features that determine how much they earn. The NFTs are available for buying in the app store or can be rented from another user.
Sweatcoin
Earn SWEAT for every 1,000 steps you take.
This app gives out SWEAT tokens in proportion to the number of steps the user takes. The average income is 0.95 SWEAT per 1000 steps. The tokens can be exchanged for various goods and services.
Zombies Run
Collect zombie tokens by running away from zombies in the game.
Is a popular fitness game in which you have to run away from zombies. The longer you run, the more zombie tokens you earn. You can use them in the game or withdraw them to the crypto exchange.
Dustland
Dustland, part of the OliveX fitness meta-universe of the Polygon blockchain ecosystem. It represents a game where you have to earn money. Like the others on our list, it rewards players for real-life workouts. This time whether you are running or cycling.
OliveX is a fitness company that uses gamification, Augmented Reality, and money-generating games to create an entire ecosystem that has a goal of improving people’s health. Not only does the platform create its own interactive virtual world in The Sandbox (SAND), it also has a series of Dustland games.
Through completing tasks and navigating the real world, players earn rewards (NFT/DOSE tokens) that they can use to make upgrades to their avatar and advance in their adventure.
Advantages of M2E
The Move-to-earn concept has a number of important benefits:
- Motivation for an active lifestyle. Apps stimulate to move and do exercises.
- Possibility to get additional income from sports activities in the form of cryptocurrency.
- Development of a promising direction in the world of crypto: a symbiosis of sports, gamification and blockchain.
- In popular projects, you can expect a return of $300-400 per month with 1-2 hours of daily exercise.
At the same time, Move-to-earn has negative sides:
- High volatility of earned tokens, their value can fall sharply.
- Some projects do not fulfill promises on token payments.
- Difficulty in withdrawing earned funds and exchanging tokens for other cryptocurrencies.
- The risk of spending a lot of time on sports, and eventually remain without income due to the failure of the project.
Conclusion
As with any startup, it’s important for new Move-to-Earn projects to ensure the long-term sustainability of monetary incentives, which means developers must generate revenue.
This is one of the shortcomings of the new industry today. There is no indication of revenue sustainability for either developers or users. Moreover, many projects limit the number of people who can join, creating artificial and unnecessary barriers. Overall, the idea of paying for physical activity is attractive, but there is still a lot of work to be done in the industry today.
It is worth noting that M2E applications are still in their infancy and their potential as a long-term financial asset is unknown.