STEPN Surges Following Integrates Apple Music in New Collaboration, More Scalable V2 Mainnet Amid Decline in User Activity
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Daily Top Performer — STEPN (GMT)
The SPX index is down 2.53%, factors such as strong US economic data and mixed corporate earnings contributed to last week's losses. The broader cryptocurrency market is mixed, with Bitcoin dropping 0.05% and Ether rising 0.17% in the past 24 hours.
Today’s outperformer is GMT, which surged 14.2% in the past 24 hours as STEPN Collaborates with Apple to Integrate Apple Music, Strengthening Web3 Adoption.
STEPN (GMT), launched in March 2022, a mobile NFT game on the Solana blockchain, rewards users with tokens for walking, jogging, or running. STEPN has announced its second collaboration with Apple: the integration of Apple Music into the STEPN app. This follows the app's first feature release with Apple, which was the integration of Apple Pay. The move is seen as a testament to the growing acceptance of Web3 technologies by traditional tech giants. The integration allows users to listen to their favorite playlists directly within the STEPN app, offering a more immersive experience.
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Talk of the Town:
Lens, a decentralized social media platform developed by the Aave team, is set to migrate to its V2 mainnet starting October 30. The update aims to offer a faster, more scalable, and developer-friendly ecosystem. Users will automatically be moved to V2 and don't need to take any action. Although Lens saw user activity peak at over 50,000 daily posts in April, engagement has since declined to 4,000-5,000 posts per day. The V1 API will stop accepting new data after October 30 but will remain read-only for three months. The migration is expected to involve around 20 million transactions and will prioritize active users.
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