The Fi suffix in decentralized finance (DeFi) has already teamed up with games to create GameFi. It seems fitness and move-to-earn projects will become the next milestones in the fast-growing crypto industry, and FitFi is on its way to emerging into the next frontier in tokenized earnings.
This exciting new crypto industry is getting the attention of investors and crypto enthusiasts worldwide. The FitFi asset class opens up a new type of passive income generation for its users. Exciting move-to-earn projects invite users to move and get fit in exchange for monetary rewards. These FitFi cryptocurrencies are slowly but surely taking over the world and demonstrating a truly unique use case for blockchain technology.
FitFi platforms use geolocation data, physical sensors, NFTs, the Metaverse, and a host of other existing blockchain technologies to strengthen people’s connection to fitness and sport in general. Similar to the Play-to-Earn concept, Move-to-Earn projects are trying to expand their user base, making fitness not only more fun and healthy but also profitable. Let’s dig in to find out more about this new step in the GameFI industry.
Source: Freepik
Fitness finance or FitFi is a market economy where participants earn from the value created by the fitness industry, which continues to rise in value year by year. In short, it’s a Web-3 version (a catch-all term for the vision of a new, better Internet digital) of fitness apps and games.
It all started with GameFi games are hundreds of billion-dollar marketplace where people consume and create for the benefit of a few. Web3 has allowed everyone to earn a share of the market they participate in. It has become a reality with the advent of gaming, decentralized finance (DeFi) and play-to-earn projects.
A rapidly-growing FitFi industry and move-to-earn projects are defining points in bringing the huge fitness market to people within the framework where they make money from it. There are a lot of FitFi projects out there, with Step App that tops this list.
Step App is a brand new project that aims to lead the entire FitFi industry. As one of the newest cryptocurrencies launched quite recently, Step App achieved quick success, gaining 150% in just a few hours.
Decentralization is the main factor that distinguishes Step App from other networks. It looks like the developers want to give users complete control over the platform. That’s one of the reasons why it was launched with DAO Maker. This means that anyone who owns their native token, $FITFI, has a say in the community’s proposals for any network changes.
In addition to being a DAO token, the developers behind Step App decided to do without venture capital firms. It allowed Step App to offer the fairest launch, allowing all the investors and general users to try to get the first benefits from FITFI tokens. Such a decision is a response to the will of their dedicated community. As a result of this decentralization, Step App is a trustworthy FitFi project of choice for crypto enthusiasts, DAO advocates, and anyone who favors decentralization.
Source: Step App
As a part of a trending blockchain-based development that combines the powers of gamification, cryptocurrencies, NFTs, and blockchain technology in general, the skyrocketing FitFi industry seems to be a good investment.
FitFi certainly has what it takes to capture the public’s imagination and lead the market. It may become the next big thing in incentivized earnings, but keeping users engaged long-term is a much more difficult task.
As many NFTs and play-to-earn projects have shown, finding users is one thing, but keeping them is something completely different. However, if FitFi follows the GameFi model, the early adopters will have every chance to succeed and bring something unique and highly-valuable to the market.
GamesPad is constantly looking for the most promising NFT and Metaverse projects to launch their IDOs on our next-gen launchpad. The GamesPad team is committed to providing our community with the best GameFi options to invest, play and earn. We prepared for you top gamefi projects to invest in 2022.
Joining the blockchain movement with GamesPad is as easy as that. You need a crypto wallet, an active account on our platform, and $GMPD tokens that you can allocate for your chosen projects. Find all of the current IDO deals on the GamesPad launchpad, and start building your crypto portfolio in no time.
Such projects as Step App allow users earn in-game tokens through fitness and different sports activity actions. Besides being fun, these new exciting FitFi projects can also become an excellent investment and income stream. Start making money today while keeping fit and active.
Do you want to start investing in the most promising crypto gaming, NFT and metaverse projects with GamesPad? Learn how in this comprehensive tutorial!
Disclaimer. This material should not be construed as a basis for making investment decisions or as a recommendation to participate in investment transactions. Trading digital assets may involve significant risks and can result in the loss of invested capital. Therefore, you must ensure that you fully understand the risk involved, consider your level of experience, investment objectives, and seek independent financial advice if necessary.
Huobi Global
Gate.io
PancakeSwap
MEXC Global
