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A new trend in digital fitness has emerged with the surging popularity of move-to-earn (M2E) apps, potentially transforming the traditional fitness industry. Market reports show the global M2E fitness apps market was valued at $391.7 million in 2021, and is expected to grow at a staggering 18.3% CAGR up to 2030, with cryptos in the form of “fitness coins” helping to drive the excitement.
This growth can be attributed to several factors including the widespread adoption of smartphones, growing healthcare spending, increasing obesity rates, and a growing number of athletes using these apps.
Innovations in technology, such as machine learning, AI, and augmented reality, have also fueled the shift towards digital fitness, enabling users to exercise at home when they can’t make it to the gym or are concerned about COVID-19.
However, the market faces challenges such as digital illiteracy, unresolved security issues, and concerns over data privacy. The COVID-19 pandemic has further accelerated the digital fitness trend, however, as people look for safe and convenient ways to maintain their wellness.
Amid this growing market, Fight Out stands out as one pioneering innovator looking to solve these issues. The platform combines advanced Web3 technology, secure blockchain rewards, and a dynamic community to offer a new approach to M2E fitness.
With plans to launch Web3-powered gyms worldwide and a star-studded ambassador program in 2023, Fight Out aims to revolutionize fitness as we know it with personal training plans, fitness coin rewards for physical activity, cutting-edge tech, and a thriving global fitness community.
Issues With Current Move-to-Earn Fitness Apps, Fitness Coins, and Gyms
As the IHRSA recently reported, a significant number of individuals struggle to maintain a fitness routine, resulting in gyms losing half of their new members within six months. The lack of progress, inspiration, and social support are among the most commonly cited reasons.
Many people experience initial results, commonly known as “beginner gains”, but soon reach a plateau due to insufficient guidance, knowledge, and lack of focused, personalized plans. Improper guidance can also result in muscle imbalances and joint problems, hindering further progress.
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Traditional gyms are often viewed as solitary and lacking the supportive community that is crucial for motivation and improvement. 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 sedentary nature of modern lifestyles, including prolonged desk time and excessive screen usage, has contributed to the rise of health issues such as obesity, heart disease, and diabetes.
With the emergence of Web3 and M2E technology, the fitness industry has a new opportunity to address these challenges. For example, Fight Out plans to offer a comprehensive fitness solution through its M2E app, fitness coin, and gym network, specifically addressing the above-mentioned issues.
Fight Out’s Fitness Coin and Solution Addresses Loneliness and Lack of Inspiration
Fight Out’s innovative fitness app takes a holistic approach to fitness, focusing not just on strength and cardio, but also overall wellness.
One of the unique features of the app is the soul-bound NFT avatar that acts as the user’s digital fitness profile, is permanently linked to the user, and is not transferable.
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— Fight Out (@FightOut_) February 13, 2023
Users can earn REPS tokens by completing workouts at home or in a gym, and can also compete with other users for additional tokens. These tokens can be redeemed for discounts on app subscriptions, gym memberships, personal training sessions, and merchandise such as athletic wear, supplements, and workout gear.
Fight Out also has plans to launch physical gyms worldwide, starting with the first gym planned for the fourth quarter of 2023. These gyms will feature state-of-the-art equipment and services, as well as Web3-powered features like digital mirrors displaying the user’s fitness profile and sensors tracking workouts for ongoing advice and insights. This will also make it easy to reward users with the FGHT fitness coins for their effort and progress.
The gyms will also serve as community hubs, where users can connect and participate in special events and expert classes taught by renowned athletes as part of Fight Out’s ambassador program.
Fight Out’s Move-to-Earn Fitness App Draws Investors to Fitness Coin
The Fight Out M2E app and gym network, offering real-time fitness tracking and social competition, has garnered a significant amount of investment interest in its $FGHT fitness coin cryptocurrency. The unique concept, which allows users to monitor progress through an NFT avatar and compete with friends, sets it apart from other move-to-earn (M2E) programs.
As users reach their fitness goals, their avatar levels up, unlocking new rewards through battles with other users’ avatars.
With support from industry leaders such as LBank Labs, Cryptonews.com, Transak, and BlockMedia Labs, Fight Out is poised for success and generating excitement among investors. The presale has already raised over $4 million, providing ample backing for the project’s launch.
The platform offers attractive presale bonuses of up to 50%, making it even more appealing to investors. The team also recently announced another exchange listing at XT.com, in addition to three other top exchange listings: LBank, BKEX, and BitForex. To learn more about the project, watch the recent Binance Live video.
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Fight Out (FGHT) – Newest Move to Earn Project
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Source: https://insidebitcoins.com/news/fight-out-reaches-4-1-million-in-presale-fitness-coin-is-pumping-iron