NFT Technologies just announced that it is investing in Walken, a new move-to-earn (M2E) project in the FitFi space. As one of the leading metaverse infrastructure providers, NFT Tech will help finance the M2E project throughout its lifecycle. How does Walken work and how will the funds help the project then? Let’s read on to find out more.
What is Walken?
In essence, Walken is a move-to-earn mobile app just like STEPN. Instead of NFT sneakers, users will interact with NFT avatars called CAThlete in this app. The more you walk, the more $WLKN tokens you will earn. Similar to STEPN, users can use $WLKN tokens to upgrade their CAThlete NFTs.
In case you’re wondering, the team behind Walken worked for the likes of Appyfurious and GetFit apps before. As of writing, the app is still under development. However, the $WLKN token IDO is coming soon. So anyone who wants to take part can sign-up for the token sale on the project’s official website.
How will NFT Tech’s funding help the app?
According to the deal, NFT Tech will provide financial support to Walken, while leveraging its experience in crypto gaming to help scale the app. With that, the team will be able to focus on core tasks such as looking into new protocols and trends. The collab will also help Walken to grow its ecosystem and launch the $WLKN token soon.
“We’re happy to welcome NFT Tech’s participation. Having a public company supporting us helps us stand out from the crowd. With NFT Tech’s crypto expertise, we see their involvement as something much bigger than a simple investment and expect to see further collaboration in the future,” said Alexei Kulevets, Walken’s Co-Founder and CEO.