Blockchain-based move-to-earn app Stepn under DDoS attacks after upgrade
Apart from trying to get rid of cheating and bots, Stepn is also working to limit its platform’s availability for users in mainland China. Solana-based move-to-earn application Stepn has reported multiple denial-of-service (DDoS) attacks in the aftermath of the platform proceeding with a major anti-cheating upgrade.Stepn took to Twitter on June 5 to report that the platform has suffered a number of DDoS attacks causing recovery maintenance and associated improper performance.1/2 We have been under multiple DDOS attacks in the past hours. Securing the servers and recovery may take anywhere....
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The first-of-its-kind move-to-earn lifestyle app launched in 2021, STEPN, has faced massive Distributed Denial-Of-Service (DDoS) attacks. Find Satoshi Lab, creator of STEPN, has advised its users to pause for a bit: “We recommend you take some rest during the maintenance or otherwise the work-outs may not be recorded properly. Our engineers are working hard to […]
Since StepN launched in December 2021, the move-to-earn app has become a crowd-puller in GameFi or the play-to-earn blockchain space. According to Jerry Huang, StepN co-founder, around 2 to 3 million users worldwide are actively using the app. While it’s a small feat compared to the hundred-million players that other mega-hit web 2.0 games have, […]
The move-to-earn blockchain game has seen a significant drop in its user base and its rewards token has taken a decline due to the cryptocurrency market conditions. Solana (SOL) blockchain-based move-to-earn fitness app STEPN is reportedly laying off over 100 of its contract workers amid the ongoing crypto bear market and as its user numbers dwindle from previous highs.Moderators and ambassadors will be among the sacked staff, and investment in STEPN will be scaled back according to crypto reporter Colin Wu. There will also be a shift toward promoting STEPN's parent company Find Satoshi....
Strong hype around the move-to-earn sector helps GMT price establish a new record high. The native tokens of move-to-earn lifestyle app STEPN swung higher on news that they would be available to trade on Coinbase, a U.S.-based crypto exchange.The price of STEPN's governance token Green Metaverse Token (GMT) rallied by nearly 20% to reach over $4 in the past 24 hours, hitting as high as $4.50, its best level to date.GMT/USD four-hour price chart. Source: TradingViewSimilarly, the other STEPN token, called the Green Satoshi Token (GST), which players earn after walking, jogging and running....
The success of STEPN shows that the move-to-earn model is growing in popularity, but will it be a fading trend or the future of fitness? Axie Infinity was a pioneer of the play-to-earn movement and the project inspired new Web3 applications that aspire to apply the earning model to their respective ecosystems. The latest project to join the move-to-earn movement is STEPN, a Solana-based Web3 application where owners of the NFT sneakers earn as they walk. STEPN has programmed a few factors that determine just how much a person can make with its sneakers and the Green Satoshi Token (GST) is....