2 Months of Running With NFT Fitness App Stepn
Back in April, all the degens on Crypto Twitter were boasting about the money they were making just going out for a run and using "move-to-earn" Stepn. The app rewards you in its GST (Green Satoshi) token for walking, jogging, or running outdoors. Some Web3 folks were racking up more than $20 worth of GST per run.
The people who were early to Stepn would talk about how quickly they expected to earn back the money they spent on their sneaker NFT and begin making a profit. At current crypto prices, I'll earn back what I spent in 363 months, or about 30 years. The app also continually tries to get you to spend more money by "repairing" your sneaker or "leveling up" by buying another. If the tokenomics aren't enough of a turnoff (it certainly prompts Ponzi scheme accusations), the UX is far inferior to leading Web2 fitness apps like Nike Running Club and Strava.
Source
@Metaverse_Web3_GameFi
