Boost Wrapping the Initial Social Consensus

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I've never seen a business model like this where you charge a subscription fee to a marketplace so what inspired that and why does it make sense yeah. We don't go as the volume goes like we want to create our network effect not through charging the ground where the plants are growing out of but rather we want to enable all of these plants to grow on top of it. I think attention is the only scarce commodities in this world like as long as you get the attention you would be able to do a lot of things that's something you just can't easily get if you are following other people's model right. If you have one million users your monthly subscription fee is already quite lucrative

How can crypto be dead when we still have outstanding teams building amidst this bear market?

STEPN took the world by storm when it introduced the idea of earning through movement - at its peak, there were more than a million daily active users using STEPN.

Since then, Find Satoshi Labs (team behind STEPN) has made further strides and verticalized to launch its own decentralized exchange DOOAR and more recently, their NFT marketplace MOOAR.

Today on Blockcrunch we have Mable Jiang, Chief Revenue Officer at Find Satoshi Labs to share with us:

How is STEPN performing in a bear market
Decision to verticalization
Enforcing royalties on DOOAR
Trading vs subscription fee on DOOAR

Host: Jason Choi @mrjasonchoi . Not financial advice.

------------ Timestamps -------------

(00:00:00) – Introduction

(00:01:39) – Introduction to STEPN

(00:04:41) – Motivation for playing STEPN in a bear market

(00:09:07) – STEPN’s new dual reward system

(00:14:19) – Cutting Orca off and creating own DEX (DOOAR)

(00:20:41) – Building their own NFT marketplace (MOOAR)

(00:29:02) – Synergies between MOOAR and STEPN

(00:31:50) – Managing STEPN, DOOAR & MOOAR all at once

(00:35:58) – Decision behind MOOAR’s subscription fee

(00:43:54) – Status and roadmap on all the developments

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----------- More Resources ---------

Guest

Mable’s Twitter:https://twitter.com/Mable_Jiang

Find Satoshi Lab’s Twitter: https://twitter.com/fslweb3

Blockcrunch

Blockcrunch VIP: https://blockcrunch.substack.com/

Blockcrunch Twitter: https://twitter.com/theBlockcrunch

Jason Choi’s Twitter: https://twitter.com/mrjasonchoi

------------ Disclosures -------------

Disclaimer: The Blockcrunch Podcast (“Blockcrunch”) is an educational resource intended for informational purposes only. Blockcrunch produces a weekly podcast and newsletter that routinely covers projects in Web 3 and may discuss assets that the host or its guests have financial exposure to. Views held by Blockcrunch’s guests are their own. None of Blockcrunch, its registered entity or any of its affiliated personnel are licensed to provide any type of financial advice, and nothing on Blockcrunch’s podcast, newsletter, website and social media should be construed as financial advice. Blockcrunch also receives compensation from its sponsor; sponsorship messages do not constitute financial advice or endorsement.