MyTopSportsbooks Journalist Investigates Profitability of Transfer-to-Earn Sneakers

[PRESS RELEASE – Barcelona, Spain, 26th July 2022]

A journalist has spent a month monitoring his actions by way of a well-liked move-to-earn app to reply the query “Are you able to generate income strolling with NFTs?”. Ashton Miller, a journalist with MyTopSportsbooks, spent a month strolling in non-fungible sneakers. The digital footwear, represented in move-to-earn (M2E) app STEPN, award their “wearer” with cryptocurrency for each step they take.

Miller’s investigative journalism entailed utilizing the STEPN app day by day for a month and recording his progress and profitability. Alongside the way in which, he uncovered the M2E utility’s mechanisms and tips to maintain gamers hooked.

With a view to begin incomes cryptocurrency with STEPN, customers should make an preliminary funding which they then purpose to make again by way of strolling or operating. The STEPN app allows customers to earn its native tokens, GST and GMT, by exercising after buying an NFT digital sneaker. Recovering this funding is made troublesome by the sport’s mechanics, which embrace fluctuations within the value of the token used to buy the sneaker.

One other mechanism that may make it troublesome to earn a return on funding, Miller found, is the way in which the sport encourages gamers to spend the cryptocurrencies they earn. Customers should restore their sneakers each time they “put on” them. They’ll additionally stage their sneakers up within the hope of incomes extra cryptocurrencies sooner or later.

One key discovering from the MyTopSportsbooks journalist’s investigation is that STEPN makes and adjusts the principles seemingly on a whim, with no accountability. App updates are frequent and sometimes make recovering the preliminary funding much more troublesome. Bugs regularly value customers cryptos, Miller discovered, with no technique of holding STEPN accountable.

About MyTopSportsbooks

MyTopSportsbooks gives intensive opinions of the most effective sports activities betting websites on the net. Its in-depth opinions and scores, written by skilled journalists, pinpoint the most effective playing platforms to play on. With 50+ years of sports activities betting expertise, the MyTopSportsbooks crew has positioned bets at nearly each sportsbook on-line.

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