STEPN – the first Web 3.0 application with entertainment, networking and gaming features – has acquired $5.0 million in seed funding from top venture capitalists recently. Genopets, a Solana-based non-fungible token (NFT) “move to earn” gaming platform in which participants are credited with real-world actions, received a preliminary investment of $8.3 million in October 2021.
Move-to-earn NFT gaming is the hottest innovation in the Blockchain space, which has a lot of room for new entrants. Move to earn NFT game development is enabling companies to explore innovative and practical ways to disrupt the crypto space.
If you are scouting for information on how to create such a highly sophisticated and market-disrupting NFT gaming venture, you are at the right place. Just stay on this page and keep knowing everything about the move to earn game, move to earn tokens and how to create disruptive games like STEPN.
The move-to-earn craze is still in its early stage, with applications appearing on the app stores frequently. One of the most noticeable initiatives is STEPN (GMT), which has garnered a considerable fan following and a prominent spot among the top 50 digital currencies. Several new gaming solutions are also on the way, with various models based on geolocation-enabled walking, sprinting, or riding.
STEPN is akin to popularly known Play-to-Earn (P2E) games, in which users participate in physical activity and receive rewards or revenue from it.
The sneaker category has not been left behind in the emerging popularity of holding digital assets, with numerous fashion houses releasing attractive sneakers with cryptography-based asset management.
What exactly are NFT Sneakers? Simply defined, they are virtual copies of actual or artistic depictions of footwear.
Users wearing NFT Sneakers go outside to earn tokens and NFT incentives. To introduce this NFT range, STEPN has joined forces with popular sports shoe brand ASICS.
Venture capitalists are betting big on move-to-earn NFT gaming initiatives:
Smart businesses and venture fund managers thoroughly check current affairs and given the kind of investment in NFT gaming ventures recently, it’s obvious that the huge rush of money into a move-to-earn initiative anticipates the imminent progress of the move-to-earn gaming model.
Furthermore, consumer-centric NFT games are anticipated to appear in 2022, with each promoting its unique sales propositions to monetize the junction of Decentralized applications and fitness activities.
Users want to get fitter in the post-pandemic era:
With pandemic lockdowns receding and sunny days starting to flourish, users started to venture out of the house to remain fit and healthy. They had learned that better immunity levels can be achieved with physical fitness and regular movement.
When merged with an eagerness to socialize and discover the new digital era products, a platform that combines a healthy regime, residual earnings, rare items, and smartphone games with 5G connectivity in a lively manner is definitely a path-breaking business idea. Mixing a healthy lifestyle with earning something on every step you walk presents an excellent opportunity for technocrats.
Potential to earn quicker than other models of rewarding games:
Despite modern-day games playing the role of establishing ideas for NFT game platforms, move-to-earn NFT gameplay solutions are expected to skyrocket in demand. The cryptocurrency community is now excited about a new phase of Play-to-Earn after going through a transformation phase and moving to the “move-to-earn” gaming model.
This is because there is a low level of entry barrier for the user community to join the platform. People who are already living an active life can join the platform to exploit the earning potential which was not accessible earlier. Apart from this, there will be those additional users who will join.
Unlike conventional arcade games that need patience, commitment, and concentration to master, move-to-earn gaming makes use of movements.
Advent of supportive devices like fitness watches:
Those of us who have used activity tracking applications and devices like Samsung’s galaxy watch or apple watch know how compulsive their gamified elements can be. This presents an amazing opportunity for those who want to earn rewards and keep learning about how to increase the value or amount of such rewards.
Sharing live jogging updates on social media has done something commendable: they add a sense of accomplishment, pushing us to challenge ourselves and others to new limits. The incredible thing is that, except for enhanced physical wellbeing, there is no other incentive that might justify such effort. However, a financial reward can make it a win-win for every user.
Earn-to-move could be the NFT space that venture capital funds managers are looking for:
Although metaverse coins, like Axie Infinity’s $AXS, have seen exponential growth in the past year, the larger Metaverse bets have yet to be made. This provides enough possibilities for funding, with numerous possibilities as low-hanging fruits for the “move-to-earn” gaming model.
Furthermore, numerous venture capitalists lost out on the incredible returns of recent NFT fever, since they didn’t fully comprehend how to ride the NFT bandwagon or just didn’t want to be troubled with the need to delve deep into the NFT culture to predict the greatest ROI games.
Fortunately for these folks, move-to-earn initiatives may be the answer. Parallel to the NFTs, which may be exchanged normally, many games include such utility and governance tokens, in this case, move to earn tokens, that can be bought on platforms and appreciated in valuation as the console’s intrinsic worth and reputation expand.
Now we have understood the basic concept and business potential behind the move to earn NFT gaming platform, let’s explore the features of such a solution. This list of capabilities or functions can truly become a formula of success for young entrepreneurs who want to develop an exciting NFT gaming platform to attract a multitude of users.
Important features of move to earn NFT gaming solution
Goal Setting:
The platform should have goal-setting capabilities that allow a user to set their regular movement or fitness activity levels. The main advantage of this feature is that the users will keep raising the bar in physical activity to achieve more each day. This will keep users motivated to improve their overall activity levels.
Integration with Fitness watch:
Smartwatches and fitness watch enabled with 5G connectivity are on-trend among those who like to keep a track of their activity goals on the move. A smartwatch extension or application can make the gaming app more popular and acceptable among those who crave these additional technology extensions.
GPS support:
The application must support live GPS tracking so that the movements and activities can be tracked in real-time.
User profile:
A user should be allowed to create his profile on the NFT gaming application. This profile description should also have the functionality to add users’ real pictures as well as in-game characters. The user can define his avatar as a small word length on the profile so that the visitors can relate to the character or avatar.
Dashboard:
A dashboard should be made available for each user with historical data as well as daily progress in terms of goals and achievements.
Marketplace integration:
The NFT game must have an extension or integration with NFT marketplaces. Using Multi-Factor authentication, a user must be given access to their favorite NFT marketplaces for trading their NFTs. This may need collaboration with multiple NFT trading platforms.
Easy UI/UX:
The game must have an easy user interface and impeccable user experience. Expert UI/UX designing companies can aid enterprises in developing a seamless design.
Social media integration:
The user must be allowed to share his/her achievements and special events on social media. Social media is an important aspect when it comes to promoting your NFTs. access and sharing on popular social media platforms should be enabled so that the gamers can promote their in-game assets on them easily
Scalability:
With the ever-changing NFT space, cryptopreneures need to develop a solution that is scalable in the future. Blockchain technology brings immutable solutions to the table. But scalability can be achieved while keeping in mind scope of expansion in the future.
Security:
Last but not least, security is the most important factor in defining the success of any NFT initiative. That’s why NFT development services play an important part in preparing, testing and launching the solution. There is a great amount of money involved in the NFT space and the gamers don’t want to sacrifice their winnings and earnings due to any external threats. This is where smart contracts come into the picture. Only a highly skilled Blockchain and NFT development service provider can render full-proof safety and security to your move to earn NFT gaming solutions.
Move-to-earn adds another degree of usability to NFTs. Athletics products, coaches, and other bonuses can be acquired and traded for fiat currency inside the applications. The ability to improve and mend the NFT, as well as earn badges, would keep the system humming.
At Antier Solutions, we provide world-class move to earn NFT game development services to help you take the lead. Count on our experience and expertise to expedite your time-to-market and gain an essential competitive edge.
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