STEPN was founded in 2021 by Jerry Huang and Yawn Ring. It has its headquarter in Adelaide, Australia.
STEPN is a Web3 lifestyle app with inbuilt Game-Fi and Social-Fi elements. STEPN is built around an essential daily activity for most people – moving around. They are the first project to effectively bring to life a functioning move&earn concept, finishing 4th out of 500+ projects at the Solana Ignition Hackathon 2021.
Users equip themselves with NFTs in the form of Sneakers. By walking, jogging, or running outdoors, users will earn game currency, which can either be used in-game, or cashed out for profit. With Game-Fi, STEPN aims to nudge millions toward a healthier lifestyle, combat climate change and connect the public to Web 3.0, all while simultaneously hinging on it’s Social-Fi aspect to build a long-lasting platform fostering user generated Web 3.0 content.
Player can choose to lease or sell their NFT Sneakers on the in-app Marketplace; users’ GST earnings are stored in the in-app Wallet, which has a built-in Swap function.
The mission of STEPN is to inspire millions to a healthier lifestyle, connect them to Web3 and combat climate change
All assets in the STEPN app are owned by individual users and majority of earnings in app are made by users.
STEPN has raised a total of $5M in funding over 1 round and is funded by 10 investors.
Below, are the details of the different rounds of funding received by STEPN.
Number of Investors
Folius Ventures Sequoia Capital India
STEPN has made no acquisitions yet.
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