STEPN announced via a tweet on Monday that it had partnered with cryptocurrency exchange FTX.US. The partnership will see the entities auction Sneaker #9999 NFT and 100% of the proceeds going to charity through the FTX Foundation.
STEPN is a move-to-earn health and fitness application. Users equipped with sneaker NFTs can move outdoors to earn tokens and NFT rewards. STEPN has a built-in wallet, swap, marketplace, and rental system that allow non-crypto users to onboard STEPN. GMT, STEPN’s native token, is down by more than 22% and currently trades at $2.0333.