In one of our previous articles, โ4 Play-to-Earn Games You Will Loveโ, we covered several web3 games that allow you to earn cryptocurrency and tokens as you play.
๐ In this blog article, weโll cover a new and innovative web3 app that rewards you with cryptocurrency for achieving fitness goals, as well as other website apps that offer rewards for learning. Read on to find out more.
๐ MOVE-TO-EARN ๐โโ๏ธ๐โโ๏ธ
๐โโ๏ธ Move-to-earn games (alternatively known as M2E, move-to-earn crypto or move-to-earn NFTs) are an exciting, new and innovative development in web3-based fitness apps. These move-to-earn apps reward users with crypto for working out.
๐โโ๏ธ These apps use GPS technology to track a userโs movements so that crypto can be literally earned just by keeping to a regular fitness routine. This is a great way to passively earn crypto while keeping fit. Some of these apps require you to purchase an NFT beforehand to participate.
๐ฑ STEPN
STEPN is a move-to-earn lifestyle app built on the Solana blockchain. STEPN aims to promote a healthier lifestyle for millions of people by incentivizing monetary rewards.
๐ The app allows players to earn in-game rewards ๐ช such as the in-app utility token, Green Satoshi Token (GST) ๐ข. Players need to purchase NFT sneakers which vary in price depending on their rarity, traits and other attributes. GMT (Green Metaverse Token) can also be earned and is the platformโs main governance token. It can be used to access premium content like new avatars and upgrades, and customization options.
As the app tracks playersโ physical movement using GPS technology, a playerโs NFT sneakers level up. As players reach level 30 or higher, GMT tokens can be accessed and can also be swapped with USDC.
๐ LEARN-TO-EARN ๐
๐จโ๐ป Learn-to-Earn, also referred to as L2E or Learn and Earn, is the idea of rewarding users with tokens for simply learning about crypto, usually in the form of some of the tokens that were just learned about.
๐ฑ๏ธ The two main motivations at play here are the companies behind the platform and the people behind the cryptocurrency. The learn platform (currently most often an exchange) wants a user to engage in learning on their platform. This will make the user more likely to engage with the site or app as soon as they become more familiar with it. Each of them are competing to drive traffic to their platform.
The tokens are competing for market share in an increasingly competitive space. By teaching users and making them invested in their projects, they become small investors themselves.
A few well-known crypto exchanges that are currently offering this kind of incentive are:
- Coinbase Earn โ users earn small amounts of a token by watching a short informative video or reading a small series of slides and then answering a few easy quiz questions at the end to receive a reward.
- Binance Academy โ working in a similar way, users build their blockchain knowledge by completing quizzes and earning free crypto.
- Phemex Learn & Earn โ this crypto exchange also offers trading bonuses for every lesson completed.
๐ฒ THE BLOOM APP โ AN EASY WAY TO EARN CRYPTO
๐ The Bloom shopper rewards app ๐ฑ is an easy way to earn crypto passively. It allows you to earn crypto such as Bitcoin, Ethereum, NFTs and other altcoins with every purchase made on your Visa card ๐ณ.
๐ฆ All you need to do is download the Bloom app, register an account, link your Visa card and shop anywhere using your credit or debit card.
๐ช You will earn Bloom Coins by simply using your Visa card ๐ณ. The more you use your card, the more Bloom Coins you will earn.
๐ฐ The Bloom Coins you earn can be spent within the app ๐ and converted into crypto.
๐ Converting cryptocurrencies on Bloom is free of charge and has no gas fees!
๐ Earn exclusive 3x Bloom Coin rewards with a Premium Membership.
The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Bloom does not recommend that any cryptocurrency or NFTs should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.