Stepn, a popular game that allows users to earn rewards through physical activity, is taking a step into the world of social media with the launch of a new application and token. Developed by FSL, Stepn Go is a social lifestyle app that incentivizes daily movement and social interactions. With this new app, users can now share their digital sneakers with friends and family who are new to the app, and they can also split the earnings. Stepn Go also includes features such as adding friends, messaging, avatars, and various playing options, all of which allow players to earn rewards in the form of the Go Game Token (GGT).
Similar to Stepn’s existing utility token, the Green Satoshi Token (GST), the GGT token can be earned by engaging in physical activities like walking, jogging, and running while wearing digital sneakers. To further explain this new experience, FSL has released the Stepn Go white paper.
The original Stepn app was launched in 2021 and has become one of the largest move-to-earn games in the world. It was also one of the first fitness applications to incorporate gamified elements from Web3. The game operates on a dual token system, with GST serving as the utility token and the Green Metaverse Token (GMT) acting as Stepn’s governance token.
FSL co-founder Yawn Rong stated that the Stepn community has been requesting social features within the app since its early days. Following a decline in popularity in 2022 and 2023, the GameFi industry, which combines gaming and decentralized finance (DeFi), has experienced a resurgence due to the recent surge in cryptocurrency prices. The number of daily active wallets in GameFi has doubled over the past year.
In addition to the launch of Stepn Go, Stepn has been actively forming partnerships, including a collaboration with German athletic apparel brand Adidas for a Genesis Edition nonfungible token (NFT) drop on the Solana blockchain in April. The company has also announced an airdrop of 100 million FSL points, worth around $30 million, to reward its dedicated players.
In conclusion, Stepn is expanding its offerings by introducing Stepn Go, a social lifestyle app that rewards physical activity and social interactions. With the launch of this new app, users can now engage with friends and family, earn rewards through various activities, and explore new features. This move comes as the GameFi industry experiences a resurgence, and Stepn continues to establish strategic partnerships and reward its dedicated players.