One example is Lewis Ward, a research director for gaming at IDC, who noted that: There are countless examples of game developers voicing their concerns about the games. Others believed that gaming would be a great on-ramp for users, onboarding an entire new cohort of non-crypto natives onto Web3.Īnd yet, there were rumblings coming from the gaming community. Many were saying that P2E was the future of gaming, and Reddit cofounder Alexis Ohanian even declared that P2E would take over 90% of the gaming market in five years. Noticing the gap in the market, we began thinking about what we could do.Īt the same time, we also noticed that, while the P2E market was absolutely taking off, it was running into some speed bumps. Just last year, we were still developing our idea as the Play-to-Earn (P2E) market was flourishing.īut instead of blindly following the recipe that others had set forth, we decided to create something of our own.īefore STEPN’s breakout success, the pay-for-fitness market was still incredibly nascent.īut zooming out and looking at the market critically, there wasn’t really anyone out there who was building an entire world of tokenomics and infrastructure surrounding walking and running. Yes, we experienced incredible, exponential growth - and organic, to boot - but it wasn’t always clear that we would succeed. With millions of monthly active users, hundreds of thousands of Twitter followers, and millions in daily net profits, it may seem like STEPN was always on the path to success. Today, we’re going to be diving a little deeper into the first segment - creating a new market.
#Axie infinity reddit series
And, we will be putting out a three-part series detailing our philosophy in each of these segments. We’ve proven to be successful in doing this thus far. In the midst of a bear market, it’s even more important to be a strong force in shaping the future. We reimagined fitness tech from the bottom up.
STEPN: Building the Future in a Bear Market This is why - the best way to predict the future is to create it…one *step* at a time. Whether it’s knowing what will happen in the market or even just forecasting what tomorrow’s weather will look like, humans don’t have the best track record of identifying what’s going to happen. Likewise on the other hand, when they declared events to be a sure thing, over 25% of them never happened. Despite years of experience and access to classified information, when experts declared that future events were impossible or nearly impossible, 15% of them occurred nonetheless. Studies have shown that even expert predictions have a spectacular failure rate. Unless you happen to have a magical crystal ball, it’s going to be pretty hard to figure out what will actually happen. Think about movies that are focused on travelling through time, or imagining what life will be like 50 years from now.īut…predicting the future is extremely difficult. Even our pop culture is obsessed with it. There is an inordinate amount of time, resources, and money is thrown towards drawing up projections for tomorrow. Everyone wants to be able to predict the future.
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