StepN arouses a wave of fresh earning model, Move to Earn, and triggers various X to Earn. Can everything really be earned? Not sure. We are going to discuss about X to Earn from what is it to how does it work.

Models of X to Earn

In addition to the already well-known P2E, the Move to earn model represented by StepN has become very popular, which has further spawned various “to earn” projects.

1. Stake to Earn(S2E)

To discuss X to Earn, we'll start from stake to earn—the earliest earn models in Defi field. Some exchanges like Binance will open the zone for Defi staking. If a cryptocurrency you own allows staking—you can “stake” some of your holdings and earn a percentage-rate reward over time. You can think of as being similar to an interest-bearing savings account, such as getting interest on bank deposits, while the "bank" may be an agreement, etc.

2. Play to Earn(P2E)

X to Earn also works in Gamefi. The P2E project we know well is Axie Infinity. Players can earn token directly or indirectly by playing the game. For Axie Infinity, you can get SLP token while playing the game and trade it on marketplace.

3. Move to Earn(M2E)

Combined with sports, Move to Earn game represented by StepN has become popular recently. Users can earn token by running, taking a ride, jogging and walking. Similar with StepN, more move-to-earn projects emerge into market. They advocate health and community while earning, which gain the favor and dissemination of more users.

With Game-Fi, M2E aims to nudge users toward a healthier lifestyle while simultaneously hinging on it’s Social-Fi aspect to build a long-lasting platform fostering user generated Web 3.0 content.

4. Create to Earn(C2E)

Besides body activities, more creativity participate and form another earn model, Create to Earn. Create to Earn projects increase users experience by combining with NFT, Social, and DAO.

Users can publish content through platforms (such as Mirror), and may be directly rewarded by readers. In addition, the platform will also filter high-quality content and distribute reward correspond creators.

The form of creation is not limited to text and is also applicable to NFT.

NFTs provide another creation channel. You can find more and more NFT projects tagged with outstanding design or brand collaboration on NFT marketplaces. Creators can earn from casting content into NFTs sale, or they can get NFT rewards by providing content.

The core of X to Earn

Various forms of X to Earn, in essence, are processes in which players generate value for products through various actions and at the same time obtain benefits. Only the behavior of the players is different. Therefore, variable is X , which is a different behavior, but essentially the purpose is to Earn, to generate income through various behaviors.

The point to judge a good X to Earn project is whether it is sufficiently decentralized. X to Earn breaks the distribution method of centralized control in the traditional Web2 era and realizes the redistribution of benefits. It aims to make every contributor get corresponding rewards instantly.

X-to-earn combines more scenarios with real life ideas, so that users are willing to start touching the Web3 world. Regardless of how this trend ends, X-to-earn has played a major role in advancing Web3.