Since the dawn of video games, there have been concerns about the lack of exercise involved in playing, which may be resolved by the launch of new physical fitness-based blockchain gaming platforms, like STEPN, as Chiliz News explains in their new report.
More information about STEPN and other blockchain-based physical fitness apps can be found in the full report, at https://chiliznews.com/stepn-co-founder-jerry-huang-discusses-gamefi-new-user-numbers-app-demographics-sustainability
While it was commonly believed that physical fitness and video games were entirely separate, the founders of STEPN plan to change that with their new GameFi platform. In the new report, Jerry Huang, the co-founder, explains that while people will start to exercise for the games, he hopes they will become accustomed to it over time, and begin to exercise on their own.
STEPN was originally introduced in October 2021, where it placed fourth in a competition and earned its first round of beta testers. The report explains that within the first few months, the application had become so popular that the company was forced to put limits on the number of new registrations allowed per day.
Jerry Huang explained in the report that while the project was initially self-funded, the team decided to seek outside investment later that year, raising $5 million from Sequoia Capital, and meeting with over 100 other potential investors.
While the new platform does not have triple-A graphics like many new games, Huang explained that high-end graphics are not necessary to craft a compelling game. The report details how the platform, like many popular Web 2 applications, uses simple graphics combined with complex gameplay and economics to draw in users.
According to Huang, tens of thousands of new users are joining the STEPN platform every day and generating Green Satoshi Tokens (GST) or Green Metaverse Tokens (GMT) for every step they take. The report goes in-depth to explain how players can use NFT sneakers to upgrade their in-game abilities and points, and how their NFT sneakers can be upgraded, traded, rented, or sold.
Speaking about the search for investors, Huang said, “We didn’t have a product at the time, and many investors couldn’t understand what we were doing. Sequoia did. The process of addressing investor questions also helped us refine the product to where it was later.”
More information about crypto-based physical fitness platforms can be found at https://chiliznews.com
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