What is the deal with play to earn crypto games?

Today we dive into one.

April 25, 2022

MUSHROOM ALPHA

Howdy folks! Pump up your sneakers. We are about to jump into the wild world of Play to Earn.

Summary:

  • Play to Earn and FitFi King STEPN

  • Weekend Deep Reads

  • Give us some feedback - Hit Reply and let us have it

Get paid to get fit? Yes!

The hot new Play to Earn game STEPN  has been on a tear lately. STEPN is part of a new category of games called Move-to-Earn. Players buy “Shoe NFTs” and earn tokens for actually walking, jogging or running.

Right now the team is only allowing 1000 activation codes a day. The codes are in extremely high demand so if you want the code we suggest going on eBay where a few people are selling them (Search: “STEPN code”). Otherwise you can wake up at some obscene time depending on what part of the world you're in to score one. Good Luck.

You will have to spend at least 11-12 SOL ($1,100-$1,200) just to get started. WTF! Yes, the kicks are more expensive than Gucci or Prada and you don’t even get a real shoe! However what the luxury houses don’t give you what STEPN does: Which is sweet, sweet tokens.

Prices are trending higher week over week and people are bragging about earning hundreds of dollars a day. Keep in mind some of these people spent thousands of dollars amassing their shoes to get this type of ROI.

Our Take:

If you enjoy life off of a couch and could see yourself doing this almost daily then consider an investment. However shoe prices and HYPE are VERY high right now so only risk what you are willing to lose.

Bear Take:

We could be at peak STEPN and the next step could be a tumble down the stairs. Run with caution.

Weekend Long-form Reading

As always none of this is investment advice and you need to do your own research. Stay safe and liquid.

Till tomorrow:)

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