Bitcoin Gets Fit Through Social Fitness App Gymnut
Gymnut, the first peer-to-peer app connecting people and trainers, is now accepting bitcoin for its in-app store. Gymcoins, the prepaid store tokens, will allow users to pay for specialized workouts and more through the app. Gymnut's founders are scientists pursuing their PhDs who realized that the best way to counter the rise of chronic disease was....
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With the rise of wearable technology and fitness trends these days, it's no wonder that app developers are taking advantage of the bandwagon and created an app that can reward you in bitcoin payments for working out. Creators at this Austin-based company claim that this app can pay you based on the intensity of your workouts. Users can simply create an account in their bitcoin repository, download the app, and sync the information to a fitness tracker. This app is available for iOS devices for now and makes use of information from heart rate trackers available with public access. Earning....
Bitcoin is mined based on the concept of proof of work. The difficulty of proof of work and the computing power required make bitcoin special and very rare and therefore very valuable. This concept of proof of work is integral not only to bitcoin but also applies to many facets of life. Anything worth having or accomplishing takes work, as the old saying goes. Health and fitness is no exception to this rule. Consistent habits can create an amazing body and health. The proof of your workout is clear when you have great biceps. The only way you get those biceps is through a dedication to....
A new survey has revealed that blockchain technology may be a better fitness motivator than traditional monetary incentives. A new survey has found that over 80% of people would be motivated to take up more physical exercise if they were paid in cryptocurrency for their efforts. The survey, which was conducted by fitness website FitRated, asked 1,001 Americans for their thoughts on blockchain-related fitness technology. The survey found that a staggering 40% of people would be willing to cancel their current physical gym membership for one in the Metaverse and that 81% of respondents would....
If you’ve ever needed an incentive to get fit, a new app launched in Britain could give you the boost you need. The new fitness app for Apple devices, Sweatcoin, rewards steps people have taken with digital currency, which can be used to buy goods and services. The British-made app by co-founders Oleg Fomenko, Anton Derlyatka, Danil Perushev and Egor Khmelev, is the latest initiative in a growing fitness economy that features monitoring devices and apps, which reward peoples’ fitness activity with vouchers and discounts. Their aim is to fix an evolutionary bug called “Present Bias,” which....
NFT membership models are being leveraged to solve challenges faced by the fitness industry. While many nonfungible token (NFT) projects continue to suffer losses due to the bear market, a number of organizations have begun using NFTs to solve real-world problems. In particular, NFTs for subscription/membership-based models, or loyalty programs, are gaining traction. This point was highlighted in Forrester’s 2023 NFT and metaverse predications report, which notes: “Brands will pivot from ‘cool’ non-fungible tokens (NFTs) towards loyalty. In 2023, brands will shift their focus to NFTs....