A recent survey has found that over 80% of people would be motivated to take up more physicality if they paid in cryptocurrency for their efforts.
At surveyconducted by fitness website FitRated, asked 1,001 Americans for their thoughts on blockchain -related fitness technology.
The survey found that an astonishing 40% of people would be willing to cancel their current physical gym membership for one on Metaverse and 81% of respondents would be more motivated to stay fit if they were incentivized by cryptocurrency payments.
Previously, a learn conducted by the National Bureau of Economic Research concluded that money simply isn’t enough to motivate people to go to the gym. However, according to FitRated research, blockchain -based financial incentives are only feasible, with 63% of people agreeing that fitness motivation is a “major benefit” of blockchain technology. Some relocation projects are trying to accomplish this.
The concept of “gamification” was found to be the main reason why people may prefer blockchain -based financial incentives rather than standard monetary ones, with 83% of respondents saying they like the fact that fitness applications are based on gamified blockades of physical activity.
When asked what type of fitness they would do to achieve crypto, 49.1% of respondents said that walking would be their preferred activity. This was followed by cycling with 47.2% and swimming was in third place with 41.4%.
When it comes to what cryptocurrency people want paid for, Bitcoin (BTC) was the most preferred option, with 72% of respondents choosing BTC. Ethereum (ETH) was second away at 35.5%, followed closely by Dogecoin (DOGE) at 34.6%.
Blockchain -based fitness apps are now on the rise. A Web3 a move-to-earn application called STEPN – which makes the running experience by providing the ability to create unique NFT shoes – has been a pioneer in the blockchain fitness space.
While STEPN may be one of the more established Web3 applications in the fitness world, it certainly isn’t the only one. Another move app called Step App, which runs on it Landslide the blockchain, emerging as a competitor, signals a push for Web3 companies looking to tap into the $ 100 billion fitness industry.