NFT Technologies Inc. (NEO: NFT | Frankfurt: 8LO) (“NFT Tech”), a leader in bringing decentralized ownership, NFTs, and the metaverse to public markets, announced today that it will join the Walken Move-to-Earn initiative.
M2E is a trend in the crypto culture that started with projects like Sweatcoin and Pokémon Go. Walken is a piece of Web3 lifestyle software that brings together real-world activities, online games, and ways to earn cryptocurrency. In this M2E game, the more people move around, the more game cash they get. WLKN tokens, which are used in the game, maybe re-invested or cashed out.
“This sector is growing extremely quickly. One of the market leaders already has a market cap of over $6B US (STEPN) and people of all ages are still walking around collecting pokémon on Pokémon Go. That’s why we’re firm believers that this is a sector to further bring adoption to the crypto ecosystem. Whether you’re collecting pokémon or earning points on your Fitbit, a lot of people are already participating in a move to earn without knowing it. We’re super excited to be participating in this project and expect the M2E sector to continue to grow,” said Wayne Lloyd, who is the CEO of NFT Tech.
The success of Walken will be helped by the money from NFT Tech and the experience of consultant Adam De Cata in bringing merchandising and other transactions to M2E projects. The collaboration helps Walken look into new protocols and trends. It also helps the team make important connections to grow the current ecosystem and find strategic partners to help with the launch of the WLKN coin.
“We’re happy to welcome NFT Tech’s participation. Having a public company supporting us helps us stand out from the crowd. With NFT Tech’s crypto expertise, we see their involvement as something much bigger than a simple investment and expect to see further collaboration in the future,” Alexei Kulevets, Walken’s Co-Founder and CEO, said.
On June 3, 2022, NFT Tech and the team behind Walken made a deal. According to the agreement, NFT Tech will provide financial support for the Walken project and work with the creators by using its extensive experience in crypto gaming and capital markets, as well as by advising on how to use M2E in the larger P2E and Web3 landscape.
In May 2022, STEPN, a similar project, had over 650,000 monthly active users. STEPN is a blockchain-based software that pays people to walk, jog, or run outside. STEPN makes up to $100 million every month, which is more than twice what it made in April and four times what it made in March. About 30% of STEPN’s users are not crypto users. This shows that M2E can bring people to Web3, which other services haven’t been able to do yet.
About Walken
Walken is a Move-to-Earn mobile app that was made by a team. It tracks users’ step counts by using the movement detection features of smartphones and wearable devices. Users are then rewarded with WLKN tokens that can be used for in-app games and NFTs. The same people who made Appyfurious and GetFit Apps also made Walken. It’s all about combining gaming and cryptocurrency with a healthy, active lifestyle.
About NFT Tech
NFT Tech builds infrastructure, assets, real estate, and intellectual property for the metaverse. It also builds and makes money from P2E and M2E games and gives public markets insights and advantages. NFT Tech is bringing decentralized ownership, non-fungible tokens (NFTs), and the metaverse into the mainstream by connecting traditional financial markets to the Web3 area. Two of his projects right now are The GOAT Guild and Fuku.
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