Move-to-Earn App StepN to Limit Service in China

StepN announced that it would stop offering GPS and Internet Protocol (IP) location services to mainland consumers in China in mid-July. According to STEPN, the relocation was undertaken to comply with Chinese legislation, and the company had never done business on the mainland. Any cross-border data transfers must be first reported to China’s cyber and data protection body, according to the new Personal Information Protection Law, which went into force on November 1. It was unclear how STEPN services could be used after July 15 without tracking GPS and IP data. A request for comment from STEPN was not immediately returned. In a Discord channel, STEPN creator, Jerry H, stated that mainland players in China make up fewer than 5% of the community. StepN Allows Users to Earn GMT Money StepN is a decentralized blockchain-based software that allows users to earn GMT money by conducting exercises. This function can be activated by purchasing a pair of the project’s virtual non-fungible token (NFT) shoes. Advertisers are offering alternative running services based on running pace, with estimates ranging from 8 to 15 yuan (US$1.18 to US$2.21) per ‘energy’ for walking and jogging and 12 to 25 yuan (US$1.77 to US$3.78) per ‘energy for running. Energy is the unit of measurement used by StepN NFT owners to begin exercising for GMTs, with one energy equaling five minutes of exercise.The post Move-to-Earn App StepN to Limit Service in China...