Since its launch in December, StepN, an app that lets users walk and run to earn tokens, has quickly become a household name in the play-to-earn blockchain gaming, or GameFi, world. Two to three million users worldwide are now active on the app every month, StepN’s co-founder Jerry Huang recently told TechCrunch.
That number is nowhere close to the hundred-million player size enjoyed by popular web2 titles, but in the world of crypto, it’s a meaningful breakthrough for a five-month-old app. As of May 22, the market cap of StepN’s native token GMT stood at around $860 million.
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