Move-to-earn app STEPN announced that is opening an office in Hong Kong despite COVID-19 restrictions and a tough regulatory environment.
Cyberport is a tech hub with over 1,800 start-ups and companies.
According to Huang, the motive behind opening an office in Hong Kong had come about following a conversation with former Cyberport chairman George Lam. During the talk, they had discussed creating a web3 startup ecosystem in Hong Kong.
However, the company has not released dates for its big move.
STEPN rewards users with crypto for walking, jogging or running and to participate, a user must purchase an NFT and start either walking, jogging or running outdoors to earn tokens. It also allows users to either spend their earnings within the Web3 ecosystem or withdraw the amount to an external account and cash out a profit.
STEPN is currently based in Adelaide, Australia.
The move to Hong Kong has come at a time when several other companies have exited the city.
FTX moved its headquarters...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...