Move-to-Earn NFT | The Latest Business Phenomenon

Non-fungible tokens (NFTs) have moved beyond a fad in the digital world. NFT development services are now enabling new transformative business opportunities like digital NFT artworks and music NFT development. These business arenas are creating significant hype among many business enthusiasts. It is due to the potential they offer to change the traditional business means. The latest addition to this long list is move-to-earn NFT development.

A move-to-earn NFT enables users to gain incentives for jogging, walking, dancing, and doing other physical activities. It lets them receive cryptocurrencies or tokens as incentives for merely exercising.

Let's explore how move-to-earn NFTs function and how to create them for a wider audience in this blog. 

Understanding What is Move-to-Earn NFT

A move-to-earn platform, or M2E, is a cutting-edge strategy that rewards NFTs to its users.

STEPN is a Web3 lifestyle application. It started offering M2E in 2021. 

M2E is a popular idea that enables people to make money while engaging in physical activities. Users just need to involve themselves in activities like walking, jogging, dancing, or playing.

Recently, the M2E NFT mechanism has received a lot of interest due to its capability to link real and virtual worlds.

As a matter of fact, the move-to-earn NFT mechanism uses the Play-to-Earn (P2E) method's primary model - gamers must spend more time on their mobile devices. 

Also, Read: Play-to-Earn NFT Games | Fundamentals and Development Essentials

Why are Move-to-Earn NFTs Trending

P2E games started trending during the early NFT boom. They allow players to earn while enjoying one of their hobbies, which is playing games. However, these games have harmful long-term health effects.

Now, move-to-earn NFTs might emerge to combat this negative impact of the P2E mechanism.

M2E provides users the opportunity to gain money with exercise. It might prosper as more individuals become aware of NFTs.

Additionally, several M2E platforms have already become popular due to community traction on M2E platforms. As a result, move-to-earn NFT platform development is gaining a lot of attention.

Also, Read: Play-to-Earn NFT Games | Driving the GameFI Revolution

Essential Elements of Move-to-Earn NFTs

Here are the crucial elements of move-to-earn NFTs:

Target Setting

A platform needs to provide gamers the ability to create regular physical activities or fitness goals.

Also, this function should motivate users to keep setting higher goals for their daily physical activity. It will make users remain inspired to increase their total level of exercise.

Smartwatch Integration

Integration of a move-to-earn platform with a smartwatch facilitates tracking users' physical activities.

GPS Assistance

Applications must enable live GPS tracking to track activities and movements in real-time. 

Individual User Profile

A user must be able to set up his profile on the NFT gaming program. Then, the user should have to option to update their profile with real-life photos and virtual avatars. 

Dashboard

Each user should have access to the dashboard, which should provide data history and daily progress in goals and accomplishments.

NFT Marketplace Integration

M2E platforms must be integrated with an NFT marketplace. It enables users can sell or trade their earned NFTs. 

Also, Read: A Comprehensive Guide to NFT Marketplace Development

Simple UI/UX

The user experience and interface must be simple from the standpoint of the game.

Incorporating Social Media

The platform should enable people to post about social events and their accomplishments on social media.

Incorporating social media is the most crucial component for advertising your NFTs. 

Scalability

Move-to-earn platforms must offer scalability so that several users can onboard the platform.

Security

Security is another crucial issue in determining the success of an M2E platform.

Frequently Used M2E Platforms

With the move-to-earn concept, each platform may function differently, but most will require players to execute in-app tasks like walking or running.

The following is a list of top move-to-earn NFT platforms in the blockchain  market:

STEPN

STEPN is a Web3 application built on the Solana blockchain. The platform combines play-to-earn and move-to-earn concepts. Players earn incentives, including NFTs, for performing physical activities. 

Furthermore, users can use their NFTs to purchase footwear on the platform.

Genopets

Genopets is the first move-to-earn NFT game created on the Solana blockchain. It is a role-playing game that has health and social reward features similar to Pokemon Go and the Tamagotchi digital pet games.

A player must move about to nurture digital creatures. The more the pet develops, the more strength it acquires. Users may get rewards for their task completion.

Dotmoovs4

Dotmoovs is a blockchain-based peer-to-peer (P2P) sports competition platform. This platform enables users to monetize their sporting prowess with smartphone recordings. 

Dotmoovs employs an AI-driven system that transforms how people perceive athletic performance.

Wirtual

Wirtual platform users may earn incentives for performing physical activities like walking, swimming, and dancing.

Users can spend their earned Wirtual tokens to purchase NFT avatars and clothing within the app.

Also, Read: Advanced NFT Marketplace Development on Solana Blockchain

Conclusion

If you want to develop a move-to-earn platform like mentioned above, you will need a blockchain-focused company.

Oodles Blockchain has skilled NFT developers that can cater to your business requirements. Our team can turn your move-to-earn NFT idea into a reality.