‘Move-to-Earn’ Game Stepn Renews Token Burn Amid Ethereum ExpansionStepn, a Web3 fitness game billed as a “move-to-earn” experience, is making some major moves of its own. The startup announced today it will use a portion of its Q2 profits to buy back and burn tokens, plus the firm recently revealed an expansion to the Ethereum blockchain. According to the company, it earned $122.5 million in second-quarter profits from platform fees. Now it plans to use 5% of that ($6.125 million) to buy Stepn’s GMT governance tokens from the secondary market and then burn them.
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