Stepn, a leading monetization game built on the Solana blockchain, has been expanding its social presence through new applications and new tokens since its launch nearly three years ago.
FSL, the gaming and development studio behind the Stepn games, announced on May 23 the launch of Stepn Go, a new social lifestyle app that rewards daily movement and social interaction.
With Stepn Go, users can now share their digital sneakers with friends and family who are new to the app, and even share their earnings.
The app also enables key social features such as adding friends, messaging, avatars and more play options, allowing players to earn GMT rewards.
To enable new experiences, the new Stepn Go game introduces a new token called the Go Game Token (GGT). Similar to Stepn’s utility token, Green Satoshi Token (GST), the new GGT tokens can be earned by walking, jogging, and running in digital sneakers. FSL also released the StepN Go white paper.
The original Stepn app launched in 2021 and is one of the world’s largest revenue-generating games and a pioneer in gamified Web3 fitness applications.
The game operates a dual token system where GST is a 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 its inception.
“So we’re excited to unveil these new features that will drive Stepn Go toward mainstream adoption. In addition to the Haus mechanics and interactive maps, we will also be implementing player-versus-player elements within the app,” Rong said.
After experiencing a notable decline in 2022 and 2023, the GameFi (a combination of the terms gaming and decentralized finance, or DeFi) industry has seen a resurgence of sorts amid a surge in cryptocurrency prices. GameFi’s number of daily active wallets has doubled over the past year.
StepN has also been more active recently, partnering with German sportswear outfit Adidas and holding a 1,000 Genesis Edition Nonfungible Token (NFT) drop at Solana in April. Previously, StepN announced an airdrop of 100 million FSL points, worth about $30 million, to reward key players.
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