Cryptocurrencies have unique ways of giving back to their communities. Some allow users to compete in events to earn free crypto or earn crypto from winning tournaments. This mode of earning is called Play-to-Earn (P2E) and is seen as a fun way to participate in the crypto market.
The Sandbox (SAND) and Decentraland (MANA) are pioneers in the P2E sector, amassing billions of dollars in market capitalisation over the years. While P2E cryptocurrencies are in a state of decline in both market capitalisation and active users, Move-to-Earn (M2E) is on the rise. Runfy (RUNF) is new to the M2E sector, aiming to transform the fitness industry. Let’s find out whether M2E is ready to outperform the P2E sector!
Feel The Burn With Runfy
Runfy is in the first stage of its highly-anticipated presale, raising $42,000 at the time of writing. The platform has expressed its desire to transform the fitness industry, incentivising users to exercise by providing rewards in crypto for reaching set fitness goals.
The platform will also host an app that tracks calories, nutrition, and meals. This allows Runfy users to achieve their fitness goals with ease. Being built on the Binance Smart Chain (BSC) comes with an array of benefits for the Runfy platform. Runfy is capable of unfathomable speeds on the BSC, with low-cost transactions to complement them.
Most commercial gyms generate profit from thousands of unused subscriptions that help keep the gym empty yet bring in money. Runfy will deviate from this, prioritising the health and well-being of its users over profit. The platform will host a close-knit community that allows users to motivate each other with the help of fitness professionals to keep you on top of your goals!
How Is The Sandbox Doing Today?
The Metaverse is the home of P2E gaming. The Metaverse reportedly has 400 million monthly active users in 2022, but how many of them are on The Sandbox? In a report by DappRadar, The Sandbox had only 522 daily active users, prompting a fierce reply from the platform, stating that they hosted 39,000 daily active users and 201,000 monthly active users.
When looking at The Sandbox platform, it is easy to see why 201,000 users play each month. The P2E giant has developed an expansive ecosystem that rewards users for participation in the Metaverse, consistently hosting new events to keep their experience fresh.
Like the rest of the crypto market, The Sandbox has steadily declined throughout 2022. Its market capitalisation dropped to $792 million, recording an 11.74% decrease in value in the past seven days at the time of writing.
Decentraland Drops Out Of Top 50 Cryptocurrencies
Like The Sandbox, Decentraland has steadily declined throughout 2022. The platform now sits outside the top fifty cryptocurrencies by market capitalisation, with $667 million at the time of writing.
If this trend continues, are Decentraland’s days numbered? The platform created the first-ever virtual world owned by its users, allowing the community to play a crucial role in decision-making by implementing a DAO into the ecosystem.
However, Decentraland has seen its fair share of problems, with reports of long load times, slow and janky gameplay, and extremely short draw distances. With games consistently improving their graphics and technology, P2E games like Decentraland that still have basic problems may seem unappealing. If Decentraland were to fix these problems, we could see increased traction on the platform.
As mentioned above, The Sandbox and Decentraland are pioneers in the P2E market, helping the sector raise billions of dollars in market capitalisation. However, P2E gaming has seen a steady decline throughout 2022, leading many crypto enthusiasts to switch to different sectors in the crypto market.
One of those sectors is M2E, with Runfy becoming the most anticipated project to join the market and outperform P2E cryptocurrencies like Decentraland and The Sandbox. As fitness and crypto become more widely adopted, users may turn to Runfy to achieve their goals, earning free crypto while improving their fitness.
For more information on Runfy (RUNF), please visit the links below:
*This article has been paid. The Cryptonomist didn’t write the article nor has tested the platform.