Is STEPN taking a step back?
The “move-to-earn” fitness app reportedly laid off over 100 contract workers. including community moderators, ambassadors, and others, according to reports from the South China Morning Post and crypto news writer Colin Wu of Wu Blockchain. But the company tells Decrypt that these are "baseless claims that are factually inaccurate."
"The reality is that STEPN has parted ways with volunteer MODs who have not been active in the last few weeks and months," a STEPN spokesperson says. "Regarding our staff, STEPN is actively hiring for several different roles within the company."
The “Careers” tab on the STEPN website, where candidates can fill out a form expressing interest in working for the company, is still live.
Launched in 2021, STEPN is an app where users buy virtual running shoes as NFTs which allow them to earn STEPN’s native token, GMT, by logging steps IRL. The virtual shoes, which deteriorate over time, were once among the hottest items in crypto.
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