Move-to-Earn’s track faces yet another cold front.
Step App’s official announcement states that the project will be shut down. By August 21, the gradual decommissioning will be completed, including the stopping of operations for the app, running-shoe NFTs, and related GameFi gameplay. This means that the once-popular “run-to-earn” narrative is once again ending in a quiet, disappointing exit.
From STEPN bringing M2E into the mainstream, to projects like Step App, Walken, Sweat, and others blooming in succession, and now to each one shutting down one after another—Move-to-Earn has never managed to successfully run on an economic model of “sustained self-funding.” The core issue is that rewards depend on new capital entering the market, while the retention and willingness to pay among real-world exercise users are far from enough to absorb long-term token sell pressure.
A few reminders for ordinary users:
1. For any M2E project, once the official releases a decommissioning signal, there is a risk that your on-chain assets and unwithdrawn tokens could be worth zero. Extracting any remaining assets promptly is the top priority.
2. Beware of “shutdown compensation” leading to a second round of extraction. Some projects may lure users into authorizing wallets under the guise of “migration” or “airdrops.” Be sure to verify official channels.
3. Re-examine the “cash flow” logic of Web3 games: tokens that lack real revenue support ultimately all return to zero and turn into a zero-sum game.
With the August 21 decommissioning deadline approaching, liquidity for related assets is expected to shrink further. Stay calm—don’t let FOMO turn into leaving in panic.
#MoveToEarn #Web3游戏 #Crypto Warning
Step App’s official announcement states that the project will be shut down. By August 21, the gradual decommissioning will be completed, including the stopping of operations for the app, running-shoe NFTs, and related GameFi gameplay. This means that the once-popular “run-to-earn” narrative is once again ending in a quiet, disappointing exit.
From STEPN bringing M2E into the mainstream, to projects like Step App, Walken, Sweat, and others blooming in succession, and now to each one shutting down one after another—Move-to-Earn has never managed to successfully run on an economic model of “sustained self-funding.” The core issue is that rewards depend on new capital entering the market, while the retention and willingness to pay among real-world exercise users are far from enough to absorb long-term token sell pressure.
A few reminders for ordinary users:
1. For any M2E project, once the official releases a decommissioning signal, there is a risk that your on-chain assets and unwithdrawn tokens could be worth zero. Extracting any remaining assets promptly is the top priority.
2. Beware of “shutdown compensation” leading to a second round of extraction. Some projects may lure users into authorizing wallets under the guise of “migration” or “airdrops.” Be sure to verify official channels.
3. Re-examine the “cash flow” logic of Web3 games: tokens that lack real revenue support ultimately all return to zero and turn into a zero-sum game.
With the August 21 decommissioning deadline approaching, liquidity for related assets is expected to shrink further. Stay calm—don’t let FOMO turn into leaving in panic.
#MoveToEarn #Web3游戏 #Crypto Warning