Disruptors and curious minds! This week we’re speaking with Stepn CEO Shiti Manghani.
👟 STEPN launched on December 1st 2021 with 99,999 NFT trainers.
Each cost 1.3 SOL (Sol was trading at $228 dollars that day).
In March 2022, they launched their governance token, GMT.
The following month GMT was worth $4 and Stepn had a $3 billion market cap. If I’m reading the charts correctly, at one point 24-hour trading surpassed $4 billion.
Someone sold a Stepn NFT for 58 Sol.
Pretty darn extraordinary.
Move-to-earn was a thing. You probably remember it.
Of course there were many imitators to the Stepn throne.
You could sleep, eat, meditate and (insert verb here)… to earn.
The Stepn concept - if not the tech - was simple: you won GST (Green Satoshi Tokens, not GMT) based on how far you ran, jumped, hopped, swam, crawled.
I'll be honest, I stopped paying attention at that point.
But here’s the thing.
Where most died, Stepn survived.
Yes, It took a hit. The floor price is 0.01 Sol. GMT is trading at $0.2.
But the market cap is still half a billion.
A community has stuck with them. Or a new one joined.
Stepn has matured.
It's a lifestyle app.
A social platform.
Where people want to get healthy (and wealthy?)
Strava meets couch-to-5k meets friend Tech.
Last week it announced a partnership with Adidas.
We're curious to know more.
You'll learn:
👟 How STEPN constantly seeks to enhance motivation in its users - from earning rewards and tokens based on distance covered to integrating with Apple Music.
👟 How the STEPN community connects fellow runners and fitness enthusiasts for support and motivation.
👟 STEPN’s various challenges and features that enable users to earn rewards based on their performance.
And much more…
TIMESESTAMPS
0:00 Disruptors And Curious Minds
0:48 Web3 Remembers Stepn
2:04 Our Sponsors Wripple
2:34 Welcome Shiti Manghani
3:26 What Excites Shiti About Her Role In Stepn
7:01 The Stepn Story
10:10 What Is Stepn?
10:30 Stepn For Beginners
12:52 Explain The Stepn NFTS
15:13 How Did Stepn Survive The Bear Market?
18:55 The Adidas Collaboration
22:13 Real Life Stepn Fitness Success Stories
25:00 How Much Can You Earn In Stepn?
29:20 Community Building
31:45 Apple Pay
34:40 The Future Of Stepn
36:53 Rewards And Micro Payments
40:10 How To Create A Global Time With Solana
43:44 How To Onboard The Next Generation
45:19 Book Club
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About the hosts:
Jeremy is a Nexus Thinker and interdisciplinary entrepreneur working across music, technology and story. He leads his wellness mastermind Write To Know You at major universities and organizations around the world.
Mark is a storyteller, writer and thinker exploring emerging technologies for LVMH & Culture3. He’s the founder of Metaverse-Writer, a self-published author, NFT creator and generalist.
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Links To The Show:
Join the book club - www.thinkingonpaper.xyz/bookclub
Connect With Mark - markfielding.xyz/
Connect With Jeremy - www.jeremygilbertson.com/
#web3 #blockchain #solana #movetoearn #lifestyle