Join Our Telegram channel to stay up to date on breaking news coverage
The digital fitness industry is seeing big changes with the rise in popularity of move-to-earn (M2E) apps, which could transform the traditional fitness sector–and one M2E fitness app is particularly well positioned to capitalize upon this trend.
According to market reports, the global M2E fitness apps market was valued at $391.7 million in 2021 and is projected to grow at an impressive 18.3% CAGR until 2030, with high tech apps that reward users with cryptocurrencies driving much of the excitement.
The widespread use of smartphones, a rise in healthcare spending, an increase in obesity rates, and a growing number of athletes adopting these apps are among the factors contributing to this growth.
https://twitter.com/FightOut_/status/1617839697866199040
Advancements in technology such as AI, machine learning, and augmented reality have also expedited the shift to digital fitness, allowing users to exercise at home when they can’t make it to the gym or are concerned about COVID-19 in crowded fitness facilities.
The digital fitness market, however, faces a number of challenges such as digital illiteracy, weak network coverage in some areas, unresolved security issues, and concerns over data privacy.
Amidst this expanding market, Fight Out stands out as a pioneering innovator. The platform combines advanced Web3 technology, secure blockchain rewards, and an in-person and online community to offer a new approach to M2E fitness.
Fight Out plans to launch Web3-powered gyms worldwide and a star-studded ambassador program in 2023, with a mission to transform fitness by offering personal training plans, physical activity rewards, state-of-the-art technology, and a thriving community.
Current Challenges Faced by Move-to-Earn Fitness Apps and Gyms
As per a recent report by IHRSA, most individuals struggle to keep up with a fitness routine, with gyms losing 50% of their new members within half a year. Commonly cited reasons for this include a lack of progress, inspiration, and social support.
While many people experience initial progress, they soon reach a plateau due to insufficient guidance, knowledge, and a lack of personalized and focused plans, which can result in muscle imbalances and joint issues that hinder further progress.
Traditional gyms are seen as unsupportive, lacking the sense of community crucial for motivation and development. Although boutique fitness options have gained popularity, they can be costly and pose a risk of injury without proper supervision and individualized workout plans.
The growing sedentary nature of modern lifestyles, including prolonged periods of sitting and excessive screen time, has contributed to an increase in health issues such as heart disease, obesity, and diabetes.
With the advent of Web3 and M2E technology, the fitness industry has an opportunity to address these issues. Fight Out, for example, aims to offer a comprehensive fitness solution via its M2E fitness app and gym network that tackles the above-mentioned problems head-on.
Fight Out’s M2E Fitness App Addresses Loneliness and Lack of Motivation
Fight Out’s groundbreaking fitness app takes a comprehensive approach to fitness, concentrating on more than just strength and cardio, but also overall health.
One of the standout features of the app is the soul-bound NFT avatar, which functions as the user’s digital fitness profile and is permanently linked to the user.
By completing workouts either at home or in a gym, users can gain REPS tokens rewards, which they can compete with other users for to earn even more. These tokens can be used to receive discounts on app subscriptions, gym memberships, personal training sessions, and merchandise such as workout gear.
Fight Out is also preparing to establish physical gyms worldwide, with the first gym set to open in the final quarter of 2023. These gyms will feature the latest equipment and amenities, as well as Web3-driven features like digital mirrors that display the user’s fitness profile and sensors that monitor workouts for ongoing feedback and guidance. This will also make it simple to reward users for their progress and dedication.
The gyms will also serve as community centers where users can come together and take part in special events and expert classes taught by accomplished athletes that are part of Fight Out’s ambassador program.
Fight Out’s M2E Fitness App Gains Investor Attention in Presale
Fight Out’s M2E fitness app and gym network, which provides real-time fitness tracking and social competition, has drawn substantial investment interest in its $FGHT cryptocurrency. Its unique approach of using an NFT avatar to monitor progress and compete with friends sets it apart from other move-to-earn (M2E) programs.
Users’ avatars level up as they meet their fitness objectives, unlocking new rewards through battles with other users’ avatars.
https://twitter.com/FightOut_/status/1617583009749688320
With support from leading figures in the industry, such as LBank Labs, Cryptonews.com, Transak, and BlockMedia Labs, Fight Out is poised for success and is generating excitement among investors. The presale has already raised over $4.22 million, giving the project plenty of runway for its successful launch.
The platform features attractive presale bonuses of up to 50%, rendering it even more appealing to investors. The team also recently announced its addition to another exchange, XT.com, in addition to its three other major exchange listings: BKEX, LBank, and BitForex. To learn more about the project, see the recent Binance Live video, which highlights some interesting aspects of the project.
Related:
Binance sees great potential for using AI in crypto, opts to back ChatGPT
ImmutableX (IMX) Price Prediction As It Bounces Back To $1, Will The Bulls Prevail?
Newest Meme Coin ICO - Wall Street Pepe
- Audited By Coinsult
- Early Access Presale Round
- Private Trading Alpha For $WEPE Army
- Staking Pool - High Dynamic APY
Join Our Telegram channel to stay up to date on breaking news coverage
