The Open Seas Decision and the NFT Marketplace

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Do you think it makes sense to offer a door to other applications to use as well like does it make sense for you guys to become like a DEX project almost. And also I would say within more because like we're going to have GMT utility we are also plugging in door as well. God yeah building your own primitives is an interesting approach. And I think another primitive you guys are building which we should talk about is more which is the NFT marketplace that you guys are built yourselves.

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.