Does STEPN Really Cooperate With BAYC?

There was tons of speculation on what the upcoming “Ape realm” announcement of the STEPN team would be. In this quick overview, let’s learn about STEPN’s 3rd Realm.

STEPN currently has 2 Realms, one for each blockchain it runs on (Binance Smart Chain and Solana). Realm 3 is said to be the Ethereum ecosystem, providing a huge on-ramp for millions of new users.

On July 1st, 2022, the lifestyle Web3 app announced on Twitter that they are building Realm 3 on Ethereum, suggesting that they might be working closely with Bored Ape Yacht Club.

That’s right, there will be a whole new wave of Ethereum players soon.

We are not entirely sure if Realm 3 will run on the Ethereum mainnet literally or through a scaling solution. Yuga Labs has also not confirmed that this is in fact an official collaboration. Instead, it seems like a more “whitelist” opportunity for BAYC and STEPN holders trying to create some hype by hinting at the partnership.

However, recently the admin account of BAYC’s official Discord team stated that there is no collaboration between the “apes” and the leading Web3 Move-to-Earn lifestyle.

This was indeed confirmed by Twitter account @CryptoEdgar_ regarding the unilateral announcement: “There’s no official statement from BAYC and their Club Manager has mentioned that it’s a one-way collaboration from STEPN.”

And here is the problem, a lot of players are expecting STEPN’s prosperity after recently the statistics of new players are not very positive and the value of the Green Satoshi Token (GST) in the game is also such as the GMT governance token continuously dropped significantly.

Currently, the platform’s Realm 3 has not been released yet, but the above signs show that the player community and the development team have not taken any action to promote the value as in the past. first period. Is this the end of a flagship Move-to-Earn platform in 2022?

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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