GMT heads lower on the price charts after a rejection at this key level

Bitcoin faced rejection at the $17.3k short-term resistance zone. It slipped below the $17k mark, and altcoins faced selling pressure in the past couple of days as well. STEPN token GMT has witnessed a strong bearish trend in recent months. The next couple of days were likely to see losses too.

Timeline of Green-metaverse-token

Stepn COO Shiti Manghani speaks to Decrypt's Stephen Graves at Solana Breakpoint in Lisbon to discuss how the move-to-earn app is weathering the bear market, its partnership with sportswear manufacturer Asics, and creator royalties on NFT marketplaces.

ASICS has announced the launch of the ASICS x Solana UI Collection that includes a pair of custom-made, limited-run GT-2000 11 running shoes, as well as the chance to win a limited edition Solana NFT.

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.

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.