Blockchain, the decentralized infrastructure behind cryptocurrency, has the power to revolutionize all industries including the fitness world. The emergence of NFTs and Dapps has highlighted ways to implement blockchain for secure data handling, encouraging people to get moving, and much more. Throughout this article, we’re going to discuss a series of use cases for blockchain in the world of fitness.
Genopets is widely recognized as “the first move-to-earn (M2E) GameFi project”, and it works similarly to Pokemon and Tamagotchi. Built over the Solana blockchain, Genopets pairs with users’ geospatial data, which exists naturally on their smartphones. By carrying out physical activities including step counts, players gain rewards.
Minting a Genopet is completely free. Over time, users upgrade their pets using in-game upgrades and rewards. These NFT pets can then be sold through marketplaces, and they can bring in a healthy profit. Alternatively, users can convert GENE (the native coin) into Bitcoin and benefit financially. To find out how much real-world money you’ve earned for your fitness efforts, you can use the crypto conversion calculator at OKX.
360Wellness is a health marketplace that puts fitness users in touch with healthcare experts. Using the native coin DEFIT, users can earn crypto for completing fitness challenges. Also, if a user successfully refers a friend, they are rewarded additional DEFIT tokens. The native currency works like any other and can be converted at an exchange.
Global Fitness Club
Paying for the luxury of working out can feel demotivating, which is where Global Fitness Club springs into action. A first-of-its-kind, Global Fitness Club rewards members in cryptocurrency for working out. To get involved, potential members simply need to buy a native NFT, which can be sold to other blockchain members.
As well as receiving payments for simply working out members at Global Fitness Club receive discounts for many of their partner services including fitness gear retailers, personal trainers, yoga classes, and other fitness classes. Even when members aren’t attending the gym, they earn money by storing the NFT in their wallets.
Data Handling and Membership Payments
More people are embarking on physical fitness journeys than ever before, which means people are flocking to gyms and fitness centers. The majority of services operate on a membership basis, which means storing unnecessary data and locking users into unfair contracts, including high joining fees and notice periods. These conditions, along with a lack of motivation from fitness clubs, many members leave early and end up paying for services they’re not using.
Integrating blockchain into gyms has enormous potential, including cutting out the middleman when it comes to signing up for the gym. For example, with the decentralized nature of blockchain, a prospective user can provide their name and contact details without having to hand over bank details. Then, when they’re finished with the service, they can remove their details from the system for good.
The fitness industry is enormous but it’s heavily flawed in its membership infrastructure. Innovative blockchain technology puts more power in service users’ hands and allows people to earn crypto while they keep fit.