Recently, the wave of NFT gaming in Vietnam as well as in the world is gradually showing signs of slowing down after the previous boom period. Since the trend from the success of Axie Infinity has shown signs of slowing down, there have been countless pitfalls with scam NFT and GameFi game projects, chickens, and a lot of players. also had a more cautious view of the feasibility of NFT game projects at the present time. But recently, the online community in Vietnam has just been stirred up by the appearance of StepN – a new NFT game with a new Move to Earn style.
Accordingly, unlike normal games that mainly follow the Play to Earn mechanism, where players will have to be attached to the computer screen if they want to increase their strength and assets, StepN works according to the basic mechanism. completely different mechanism. In a simple way, this game will encourage players to run, move as much as possible and your reward will be proportional to the distance covered. It sounds easy, isn’t it, when many people even have a job, combining exercise in parallel with earning revenue. However, is StepN really that perfect?
To be able to start making money from StepN, gamers will have to build, buy or rent a pair of NFT shoes. Currently, the lowest cost to own a pair of “virtual shoes” after conversion will fall to 20 million VND – a starting number that is not too “friendly” to Vietnamese gamers. Not to mention, each pair of shoes will also have different functions, depending on the walking or jogging needs of the user. Depending on the rarity, features, they will also have different values.
And to say how hot StepN is, just look at GMT – this game’s token has increased by 31,000% in just a few days – an extremely terrible number. StepN has also seen a huge growth in monthly active users. This number has increased from 1,500 people in January, to more than 100,000 people in March.
However, is everything so easy? In the opinion of many experts, StepN will eventually go down the path that Axie Infinity takes step by step. It is the latter players who will “lose”, and even the object that will generate revenue for the previous players. Not to mention, many people also think that StepN is still an NFT game in essence, and investing is always risky. So, if you are a runner, like sports with a bit of fun, you can totally try StepN, but if you consider this a game to invest in, consider and be cautious before its decisions.
Information about cryptocurrencies (cryptocurrency), commonly known as “virtual money” has not been recognized by law in Vietnam. The information in the article is for reference only and has no investment recommendation value. GameFi (short for Game + Finance) is a term that refers to blockchain games that incorporate a financial element. The information in the article is for reference only and has no investment recommendation value.