MyTopSportsbooks Journalist Investigates Profitability of Move-to-Earn Sneakers

shutterstock 2062865573 16588330478ey60IFfOT

Barcelona, Spain, 26th July, 2022, Chainwire

A journalist has spent a month tracking his movements via a popular move-to-earn app to answer the question “Can you make money walking with NFTs?”. Ashton Miller, a journalist with MyTopSportsbooks, spent a month walking in non-fungible sneakers. The virtual shoes, represented in move-to-earn (M2E) app STEPN, award their “wearer” with cryptocurrency for every step they take.
Miller’s investigative journalism entailed using the STEPN app every day for a month and recording his progress and profitability. Along the way, he uncovered the M2E application’s mechanisms and tricks to keep players hooked.
In order to start earning cryptocurrency with STEPN, users must make an initial investment which they then aim to make back through walking or running. The STEPN app enables users to earn its native tokens, GST and GMT, by exercising after purchasing an NFT digital sneaker. Recovering this investment is made difficult by the game’s mechanics, which include fluctuations in the price of the token used to purchase the sneaker.
Another mechanism that can make it difficult to earn a return on investment, Miller discovered, is the way the game encourages players to spend the cryptocurrencies they earn. Users must repair their sneakers every time they “wear” them. They can also level their sneakers up in the hope of earning more cryptocurrencies in the future.
One key finding from the MyTopSportsbooks journalist’s investigation is that STEPN makes and adjusts the rules seemingly on a whim, with no accountability. App updates are frequent and often make recovering the initial investment even more difficult. Bugs frequently cost users cryptos, Miller found, with no means of holding STEPN responsible.  

About MyTopSportsbooks

MyTopSportsbooks provides extensive reviews of the best sports betting sites on the web. Its in-depth reviews and ratings, written by experienced journalists, pinpoint the best gambling platforms to play on. With 50+ years of sports betting experience, the MyTopSportsbooks team has placed bets at almost every sportsbook online.

Learn more: https://www.mytopsportsbooks.com/


Outreach manager

  • Nikolas
  • Visca Web
  • nikolas@viscaweb.com
  • +34658287573
Disclaimer. This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Cryptopolitan.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
[wp-faq-schema title="FAQs" accordion=1]

Related News

Hot Stories

Can the Web3 market hit $80 billion by 2030?
Solana price analysis: SOL declines in value to $33.7 after strong bearish trend
Contentos Vietnamese blockchain community launches NFT collection with the support of Contentos Foundation
NEO Price Prediction 2022-2031: Is it Good to Invest in NEO now?
HBAR Price Prediction 2022-2031: Hedera Hashgraph Soon to Retest its ATH?

Follow Us

Industry News

Can the Web3 market hit $80 billion by 2030?
NiceHash Launches First Solo Mining Hashpower Exchange Service to Help Struggling Crypto Miners
US Job openings fall by 6.2% - What does this mean for the crypto market?
Here are all the Three Arrows Capital NFT collection details on the verge of liquidation
Did authorities freeze Do Kwon's assets?