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NFT sneaker developers made more than $120,000,000 in three months

By: Maksim Panasovskyi | 22.07.2022, 11:53

NFT sneaker developers made more than $120,000,000 in three months

The creators of STEPN made over $120,000,000 in profits between April and June 2022.

What's known

STEPN is a mobile app that pays users cryptocurrency for moving around in the real world. True, you have to buy NFT-cryptos to start earning.

According to the developers, some users earn up to $4500 a day in domestic cryptocurrency GMT. Meanwhile, the value of NFT-sneakers is $500.

The founders of the project said they made a profit of $122,500,000 in the second quarter of 2022. 5% of that amount will be spent on a token redemption and burning program. This will take several weeks to avoid the cryptocurrency surges. In addition, the project will invest some money to improve the security of the site and increase the bandwidth of the servers. Also, developers intend to invest in improvement of anti-fraud protection system.

Source: Medium

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