Solana (SOL) blockchain-based move-to-earn fitness app STEPN is reportedly laying off over 100 of its contract workers amid the ongoing crypto bear market and as its user numbers dwindle from previous highs. Moderators and ambassadors will be among the sacked staff, and investment in STEPN will be scaled back according to crypto reporter Colin Wu. There will also be a shift toward promoting STEPN's parent company Find Satoshi Lab (FSL) and its new projects, Wu claimed, citing community sources. The famous blockchain game STEPN began to lay off staff in the bear market. It will mainly lay off more than …

P2E vs. M2E Games The key differences between P2E and M2E are the rewarding system and the revenue model. As you can tell, there are some differences between the P2E model and the M2E model. Both of them are so much more than virtual gaming, that’s for sure. P2E is expected to transform from a trend to a mature concept. The gaming industry is exciting, but it should not be forgotten that relaxation and community engagement should remain central. Real gamers care more about the game and the graphics than about the revenue model. M2E is also gaining momentum in …

Solana-based move-to-earn application STEPN has reported multiple distributed denial-of-service (DDoS) attacks in the aftermath of the platform proceeding with a major anti-cheating upgrade. STEPN took to Twitter on June 5 to report that the platform had suffered a number of DDoS attacks that have caused recovery maintenance and associated improper performance. 1/2 We have been under multiple DDOS attacks in the past hours. Securing the servers and recovery may take anywhere from 1 to 12 hours. We recommend you take some rest during the maintenance or otherwise the work-outs may not be recorded properly. — STEPN | Public Beta Phase …

A massive downtrend in the STEPN (GMT) prices witnessed in the last 30 days appears to be nearing exhaustion. GMT’s price has rebounded by nearly 35% — from $0.80 on May 27 to $0.99 on May 28. Interestingly, the upside retracement started after the price fell in the same range, which had acted as support before GMT’s 500% and 120% price rallies in March and early May, respectively. Additionally, the rebound further preceded an 80% drop from its record high of $4.50, established on April 27, which left GMT oversold, according to its daily relative strength index reading that slipped …

The nonfungible token (NFT) game Stepn will ban users in mainland China in an attempt to follow Chinese regulatory requirements. The company's uncertainty has been fueled by rumors that it will be forced to leave mainland China. STEPN is a popular "move-to-earn" game based on Solana (SOL) and BNB Chain (BNB) that was created by two Chinese emigrants now living in Australia. On July 15, Stepn will clear all accounts based in mainland China for local compliance reasons. Before then, the platform advised users who planned to reside in mainland China long-term to sell their assets on the platform, if …

The total crypto market capitalization has been trading within a descending channel for 24 days and the $1.65 trillion support was retested on May 6. The drop to $1.65 trillion was followed by Bitcoin (BTC) reaching $35,550, its lowest price in 70 days. In terms of performance, the aggregate market capitalization of all cryptocurrencies dropped 6% over the past seven days, but this modest correction in the overall market does not represent some mid-capitalization altcoins, which managed to lose 19% or more in the same time frame. As expected, altcoins suffered the most In the last seven days, Bitcoin price …

SpongeBob and Warhammer mobile game scores Polygon partnership Free-to-play mobile games publisher Tilting Point has entered a multi-year partnership with Polygon Studios to launch 10 Web3 games over the next two years. Polygon Studios and Tilting Point plan to help native Web3 game developers scale their games alongside free-to-play developer partners, as well as studios that want to bridge from Web2 to Web3 gaming. The first three titles in the works are interstellar strategy game Astrokings from Korean developer AN games, which Tilting Point acquired earlier this year, virtual slot game The Walking Dead: Casino Slots, based on the AMC …

The month of April has been a forgettable one for equities and cryptocurrency investors. Bitcoin (BTC) plummeted 17% in April to record its worst-ever April performance. Similarly, the Nasdaq Composite plunged 13.3% in April, its worst monthly performance since October 2008. However, a major positive for crypto investors is that Bitcoin is still above its year-to-date low, near $33,000. In comparison, the Nasdaq 100 has hit a new low for 2022, while the S&P 500 is just a whisker away from making a new year-to-date low. This suggests that Bitcoin has managed to avoid a major sell-off, indicating demand at …

Axie Infinity was a pioneer of the play-to-earn movement and the project inspired new Web3 applications that aspire to apply the earning model to their respective ecosystems. The latest project to join the move-to-earn movement is STEPN, a Solana-based Web3 application where owners of the nonfungible token (NFT) sneakers earn as they walk. STEPN has programmed a few factors that determine just how much a person can make with its sneakers and the Green Satoshi Token (GST) is STEPN’s in-game token that currently trades for $7.30. Over the last 30 days, the token has surged over 77%, but is it …

The native tokens of move-to-earn lifestyle app STEPN swung higher on news that they would be available to trade on Coinbase, a U.S.-based crypto exchange. The price of STEPN's governance token Green Metaverse Token (GMT) rallied by nearly 20% to reach over $4 in the past 24 hours, hitting as high as $4.50, its best level to date. Similarly, the other STEPN token, called the Green Satoshi Token (GST), which players earn after walking, jogging and running outdoors with STEPN's "NFT Sneakers," gained 6.5% to about $6.25 on a 24-hour adjusted timeframe with a new record high of $7.20. STEPN …