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Rumors were spread on Thursday within the Chinese digital community of STEPN Chain that the firm is being forced to exit mainland China. The rumor was confirmed a few minutes after midnight, early on Friday morning.
The Move to Earn app STEPN on June 26 announced that it will randomly draw 2,000 users who have completed its Sneaker Enhancement to receive a pair of APE Sneakers.
This week: NFT-based 'move-to-earn' game STEPN to block users in China due to domestic crypto regulations, Chinese stock photo licensing website Visual Culture Group to launch NFT platform overseas, and more.
If I had to pick the hottest Web3 project these days, STEPN is the one. Basically, STEPN is a Web3 app that allows people to earn virtual money through walking, jogging, or running outside. In short, it is a "move-to-earn" system.
The floor price of STEPN continued dropping early today. With a $40 Solana price, new users were able to once join the game by paying less than $100. The price of GST on Solana had also fallen below $1 and that of GST on BSC was below $3.