Stepn, a major move-to-earn game based on the Solana blockchain, is going social with a new application and a new token after its launch almost three years ago.
FSL — the gaming and development studio behind the Stepn game — announced on May 23 the launch of Stepn Go, a new social lifestyle app that rewards daily movement and social interactions.
With Stepn Go, users are now able to share their digital sneakers with friends and family who are new to the app as well as split the earnings.
The app also enables key social features like adding friends, messaging, avatars and more playing options, allowing players to earn GMT rewards.
To enable the new experience, the new Stepn Go game introduces a new token, the Go Game Token (GGT). Similarly to Stepn's utility token, the Green Satoshi Token (GST), the new GGT token can be earned by walking, jogging, and running with digital sneakers. Additionally, FSL also released the StepN Go white paper.
The original Stepn app was launched in 2021 and is one of the world’s biggest move-to-earn games and a pioneer of gamified Web3 fitness applications.
The game operates a dual token system, where GST is the utility token with an unlimited supply. The other token is the Green Metaverse Token (GMT), or Stepn's governance token.
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According to FSL co-founder Yawn Rong, the Stepn community has been requesting social features within the app since the early days of the app.
“Therefore, we’re so excited to reveal these new features, which will propel Stepn Go into mainstream adoption. In addition to the Haus Mechanism and Interactive Map, we will implement player-versus-player elements within the app,” Rong said.
After experiencing a notable decline in 2022 and 2023, the industry of GameFi (a combination of the terms gaming and decentralized finance, or DeFi) has seen some sort of revival amid a spike in crypto prices. The number of daily active wallets in GameFi doubled over the past year.
StepN has also been more active recently, partnering with German athletic apparel Adidas for a 1,000 Genesis Edition nonfungible tokens (NFT) drop on Solana in April. Previously, StepN also announced an airdrop of 100 million FSL points, worth approximately $30 million, to reward its core players.
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