An exclusive survey has brought it to the front that a vital role can be played by blockchain technology to motivate for an enhanced fitness as compared with conventional monetary encouragement. A unique survey has discovered that more than 80% of the community would be driven to take up additional physical exercise on being provided crypto in return for their endeavours.
The survey, organized on the behalf of FitRated (a fitness website), took into account up to 1,001 U.S.-citizens to know their opinions regarding the fitness Metaverse technology related to blockchain. The survey revealed that a substantial percentage of nearly 40% of the surveyed participants would be eager to terminate their present membership of physical gyms for one that is available in the Metaverse.
Nearly 81% of the surveyed respondents would be additionally encouraged to remain fit by having incentives in the form of crypto payments. Formerly, research was organized on the behalf of the National Bureau of Economic Research in which it was mentioned that just money could not be sufficient to encourage people to enter the gym. As per a study done by RitRated, nonetheless, the financial benefits (which are based on blockchain) might be effective in making this possible.
The respective study disclosed that 63% of the participants acknowledged that fitness encouragement was a core advantage provided by blockchain technology. Many move-to-earn programs are attempting to be benefited from this. The idea of gamification counted to be the fundamental cause at the back of the people’s preference for blockchain-related benefits over the regular monetary ones, as 83% of the surveyed people specified that they loved the concept that fitness apps based on blockchain gamifying the physical movement.
On being enquired about the fitness forms that they would like to undertake to gross crypto, the respondents’ 49.1% were of the view that walking would be the chosen activity. 47.2% of them preferred cycling whereas swimming was preferred by 41.4%. in the matter of the question related to the cryptocurrency of the respondents’ choice to be paid in, an overwhelming majority of them (72%) pointed toward BTC (Bitcoin) to be their preference.
After that, 35.5% were those who named ETH (Ether) while DOGE (Dogecoin) was the choice of nearly 34.6% of respondents. At the moment, blockchain-based applications for fitness are gaining a lot of popularity. STEPN (a move-to-earn application based on Web3), which gamifies the practice of running by enabling the consumers to mint exclusive NFT (non-fungible) shoes, counts to be a forerunner in the fitness world driven by blockchain.
Although STEPN might be thought of as one of the Web3-based apps that are additionally well-managed throughout the fitness zone, it is not the only one of its kind. Step App, another move-to-earn application (which operates on the blockchain called Avalanche), came to the front as a challenger, which indicates the efforts made by the Web3 platforms pursuing to enter the fitness industry (which has a valuation of up to $100 billion). Step App operates on the blockchain called Avalanche.