Genopets

Genopets operates in the emerging GameFi sector, offering a unique 'move-to-earn' model that integrates physical activity with digital gameplay. The platform targets health-conscious gamers and fitness enthusiasts, allowing users to convert their real-world physical activities into in-game energy. This energy is then used to explore, battle, and evolve their digital pets, known as Genopets. The business model revolves around user engagement and in-game transactions, leveraging blockchain technology to enhance user experience and provide a sustainable marketplace economy. Genopets taps into the nostalgia of digital pet care, akin to Tamagotchis, while promoting an active lifestyle. The company is currently in the public beta phase, with plans for a full launch in 2023. Key revenue streams include in-game purchases and potential partnerships within the Web3 ecosystem. Keywords: GameFi, blockchain, digital pets, move-to-earn, active lifestyle, in-game economy, user engagement, physical activity, Web3, marketplace.