i just found the next massive crypto opportunity
do you guys remember last year how explosive play to earn games were like star atlas and axe
infinity well now that level of popularity is coming to a brand new niche that is move to
earn this is crypto's billion dollar fitness opportunity just like Axie infinity had the
first mover advantage in play to earn stepN has a first move advantage in the move to
earn space but that doesn't mean that you should go ape into step in in fact in this
video i will tell you what i think about step and where it's currently valued at and
what i'm doing in the move there in space stay tuned to this video because i'm going to
tell you some of my other top picks for hot move to earn projects that have a much more reasonable
evaluation that maybe you should take a look at guys if that sounds good to you make sure you
subscribe to the channel if you're not already like the video let's go for 500 likes on this
video please help me get to that light goal and let's dive into the world of move to earn so
the question that a lot of people are asking right now and we can see from the populative step
and a lot of people are actually interested is move to earn the next play to earn what is move
to earn you know have you guys ever looked at like fitbit or your apple watch and thought well i did
ten thousand subsidy that's pretty good but what if you could earn from moving well this is kind of
the idea behind move to earn pretty simple right it gets more interesting now to really understand
what is move to earn let's take a look at the app that's leading the space right now stepN step
in is clearly one of the most innovative crypto projects that we see in the space with actually a
good amount of daily active users essentially it's just a fitness tracker with some built-in really
interesting mechanics with nfts and things like that built on the salon a blockchain and obviously
is gaining a lot of popularity and of course the most interesting part that takes this from web 2.0
to web 3.0 is the ability for users to actually earn real money while using the app so the game
rewards the actual users who are doing fitness with gst or green satoshi token this is the
kind of in-game currency similar in axie like slp smooth love potion currently some of these
stepN users are earning hundreds of dollars a day by running their butt off which is actually
pretty cool not only are you getting more fit but you're actually earning money too so step in
aims to incentivize the token utility by several different methods one of them is really just
onboarding a massive amount of people in web 3 by encouraging them to live healthier lifestyles
that's a great thing and a small percentage of the token profits go to charitable causes such
as offsetting carbon emissions which we all want to live in a healthier world so that's also a
noble cause so the question is can stepN achieve blockbuster success the same way that axie once
did once upon a time and we start to see kind of explosive growth within the seven ecosystem just
a month ago stepN twitter account had 50 000 users today we see over 320 000 and there's over 300
000 daily active users also using the step and app similar types of growth trajectory that we saw
on axie so currently how much are people actually earning well people are earning around ten to
forty dollars a day that's good for anybody if you lived in a in a less than privileged area
like philippines or venezuela or something like that where the salaries are much much lower 10
40 a day is an amazing salary and if you live in a more privileged place like western world and
even if you have a job and you just happen to be a fitness fanatic anyway an extra 10 to 40 a day
is actually great for things like your everyday expenses that you spend on gas or whatever else
so it's benefits a bunch of different people in a bunch of different ways there's some reasons why
i'm very bullish on this sector and there's also some reasons for me to be very concerned about
the sector as well i will get into those right now so the bullish reasons as you look at the backers
from stepN people like sequoia binance labs salon adventures alameda research guys these are big
big big vcs and they do a lot of due diligence before making investments into projects but they
don't do all the due diligence and guys you would be surprised how many times i've come across a
project that have names on the like this on the cap table when you look at the token economics and
sustainability you have to question how long that could actually last and for me right now stepN
feels a lot like the same mechanics that you see in axie infinity where it requires a significant
barrier of entry an nft and then people get earn money in a uncapped inflationary supply that they
just earn and sell which isn't very sustainable at all now full transparency i haven't gone
into a deep dive on the token economics of this because frankly i'm just not interested it's way
too high of a valuation right now at a 20 plus billion fully delivered valuation this thing in my
opinion is way overvalued right now doesn't mean there's not room for some some upside growth right
now but also private sale investors haven't even started getting their tokens unlocked to them yet
which means that in the future we can look for a lot more inflation of that main token coming in
ecosystem for that reason i'm going to look at some other move to earn games or apps that i think
potentially have significant upside maybe get to the same kind of area that stepN is and also ones
that actually are adding some really interesting game mechanics into it where step in is literally
just fitbit and web3 which is cool it has utility it's an interesting use case but before i go into
these other projects that i'm really interested in and looking at significantly right now i do want
to point out that there is a major partnership between stepN and asics we also know that
companies like nike are very very interested in the nft space i mean we've seen it already so do
you think companies like nike and reebok are going to just sit there and adidas or just sit there on
the sidelines and watch asics take off from the spotlight with one of the most popular web 3 apps
in the world i don't think so so definitely there will be other competitors coming in adding support
and competing with stepN and again i think that what might separate these other projects i'm about
to talk to from stepn is the gamification aspect to it so let's dive into those right now so guys
the first project i want to talk about is genopets now genopets is really cool and in fact i am
very bullish on this one compared to step and one has a much more reasonable valuation right
now the current fully diluted valuation is around a billion dollars but the current market
cap right now of circulating supply is only around 50 million according to the tokenomics you can
see that private sale investors were locked for 12 months and so if you look at the token
emissions schedule you have very little inflation which means that impact on the on the price in
the circulating supply from inflation should be negligible or not very much over the first 12
months now if you do choose to put some money into genopets you know after doing your own
research to to make a note on your calendar now this thing launched mid-november so you have
until about i would say the beginning of november this year or maybe even just to be safe let's talk
about the middle of october where you're not going to see a huge amount of inflation which means that
we're not seeing a bunch of tokens inflating the supply which means we're not going to see a bunch
of cell pressure which means that if this thing gets some traction we have the potential to see
a lot of upside over the next six months or so now what i would do at six months personally
what i will be doing because i didn't get into the genopet's private sale at all so i don't
even have tokens but i'm probably gonna go buy some after making this video but what i'm gonna
do in october is assess and try to find out you know going the discord or asking the team like
what is your adoption look like looking at this an emissions curve you can see that there's a quite a
hefty amount of inflation that starts after month 12 so a good play in my opinion on genopets would
be something like the potential for it to explode in my opinion of the token price until i would say
october then we need to be very very very careful go check out genopets it's really cool the game
looks awesome and it is move to earn so they're doing some really innovative things that i in my
opinion will make it much more fun than something like stepn so the next project i wanna talk about
isn't out yet i'm speaking to the founder recently and trying to consider you know if i want to
potentially make an investment into this okay so the next one i wanna talk about is called
defy d-e-f-y and the website is defy disrupt.io now this is really interesting so this is actually
like an augmented reality or virtual reality kind of like pokemon go in a way but instead of having
to go find pokemon you actually have to hack your way into what they're calling future systems
and so it's a really interesting concept where you basically go out there with your phone and i
imagine that you'll be able to have like augmented reality goggles or something as well and you
actually have to go out like a real world hacker and you you actually get a map and you have to go
find actual cell phone towers get close enough to them to where you can like open up your little
command center and start hacking in and i think i'm pretty sure that you can actually learn like
how to hack or code or whatever on this game app and uh and there's like real world situations that
happen where like drones identify this hacker and come try to hunt you down and so in your augmented
reality you can actually see like this drone start chasing you and you've got a couple options
one you can try to battle with the drone by like using emps or something like that and i think
that takes some coin or cryptocurrency to do that or you can run like hell and you can run away
from the the drone and uh and this is another idea of like move to earn and hack to earn kind of
uh mechanics where um i think this makes it really really fun and i can imagine a lot of people
getting into something like this so this thing hasn't uh hasn't launched yet i think it's going
to launch in the next uh month or two uh it's backed by animoka brands i would encourage you to
be very very careful to buy the day it launches because the wild volatility probably expect that
if it has a very wildly successful launch um there might be some sell-offs that happen you know in
the first few days but i would pay attention to that and see kind of how the price is stabilizing
and where it kind of chooses to to stabilize at the private sale investors the earliest ones like
animoka and spartan for example got in at a pretty good valuation and they have a 12 month lock after
the ido so again you can probably be pretty sure that there's not going to be a significant amount
of inflation for the first 12 months but again like smart investing you should make a note on
your calendar to remind you you know approximately 11 months after the ido to kind of reassess your
position in that project and understand that there's a lot of private sale capital about to
invest and they probably are going to want to take some profits which could affect the token price
so that's how i would play something like d5 it's a really cool idea and you can see how the move
to earn space is more than just fitbit and web 3. there's a lot of gamification happening and really
cool ideas that will also incorporate a healthier lifestyle being active and earning crypto and nfts
while you're at it so with that being said guys it is always important to follow the trend when
looking at the crypto market remember the trend is your friend and to bet against the trend is a
very dangerous thing so just like crypto gaming was huge last year and d5 the year before well
2022 looks like it's turning out to be the year of move to earn fitness apps and daos let me know
in the comments below guys if you want a video on daos i'm really excited about them and something
else that i think is going to take off this year all right guys that's gonna wrap up this video on
the new phenomena that is move to earn if you want to watch another video it's very very interesting
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