As STEPN logs ailing stats, creators shift attention to a new NFT marketplace

In a market plagued by a severe decline in profile picture (PFP) NFTs and general disinterest in volatile assets class, Find Satoshi Lab (FSL) made an important announcement. The company behind STEPN, announced the launch of “MOOAR”, on 1 November.

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Several weeks ago, reports started to circulate that the popular move-to-earn app, STEPN, was reducing the amount of staff it had and focusing on its parent business, Find Satoshi Lab, and fresher initiatives. Representatives of STEPN, however, refuted the claims and stated that those fired were voluntary ambassadors who had been inactive for months.

A multichain nonfungible token (NFT) marketplace called Mooar was launched by Find Satoshi Lab (FSL), a Web3 gaming and development firm established in 2021 to bridge gap between Web2 and Web3.

Mooar looks set to offer an alternative to the optional-royalty model which has become commonplace. The post Stepn founders' bright idea for its new NFT marketplace: compulsory royalties appeared first on The Block.

StepN was one of the cryptocurrency sector's big success stories when it launched in March this year after extensive beta testing. Users quickly flocked to the Solana-based move-to-earn platform (M2E) by the thousands, enticed by the ability to earn actual money simply by exercising.

There were hints that of late, the STEPN's primary focus was on promoting its parent company Find Satoshi Lab, besides focusing on new projects to be released such as the NFT exchange market.

Play-to-earn game Stepn, which lets users buy non-fungible token (NFT) running shoes and earn native crypto GMT through jogging, reportedly started a major layoff of its contract workers amid a market downturn – but the team behind the app denies firing staff.

Move-to-earn fitness app StepN has denied reports that it has laid off staff. It says the claims are baseless and that it is actively hiring. The post Stepn denies layoff reports, hints at new projects appeared first on The Block.

Move-to-earn gaming company STEPN (GMT) will lay off over 100 of its staff, including MODs and ambassadors, according to WuBlockchain, who cited community sources. The post STEPN to lay off over 100 staff appeared first on CryptoSlate.

STEPN [GMT] registered approximately $10.36 million in profit in Q3, which would be a 90% drop from its Q2 earnings. The decline in profits could be attributed to STEPN's declining number of users and activity.

STEPN, a Web3 lifestyle app that leverages tokenized incentives based on blockchain networks to encourage people to be active outdoors, recently celebrated its first anniversary amongst community members. Over the past year, the company “raised $5 million from investors, expanded to over 4.