STEPN to bar gameplay in China, sending ‘Move-to-Earn’ token GMT spiraling
Solana-based “move-to-earn” game STEPN will effectively bar gameplay in China in mid-July, the company announced Thursday, sending its GMT token spiraling as the markets digested the news.
STEPN said it will stop providing GPS services to users whose IP address or GPS location shows them in China on July 15. Without GPS services, players who own its membership-like shoe NFT will not be able to earn tokens for their steps.