STEPN moves its headquarters to Hong Kong

Move-to-earn web3 company STEPN has announced a surprise plan to open an office in Hong Kong.

STEPN’s decision rides against the waves of companies exiting the city due to strict Covid rules and a difficult regulatory environment.

STEPN’s co-founder Jerry Huang confirmed that the company would move its regional headquarters to government-owned Cyberport.

Cyberport is a tech hub which is home to more than 1,800 start-ups and companies.

Australia-based STEPN allows players to earn rewards for exercising through the purchase of sneaker NFTs.

The company hasn’t yet given a date for the move.

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