Step App Closes Operations After Four Years

Step App announces the closure of its operations, with all services ceasing by August 21. Users must withdraw their staked tokens before this date to avoid losing access to their assets. The FITFI token, which had reached an all-time high of $0.73, has experienced significant erosion and has been delisted by Upbit and Bithumb. The app surpassed one million downloads and was supported by ambassadors like Usain Bolt. Meanwhile, STEPN, another player in the Move-to-Earn sector, is facing difficulties, with active users declining sharply since 2022. The prices of STEPN GO sneakers have dropped, with common models selling for around $0.67. The closure of Step App highlights the challenges in the GameFi sector, where projects like Axie Infinity have seen their AXS token plummet by 99.5% from its peak.