A new poll has revealed that blockchain technology, rather than conventional monetary incentives, may be a superior fitness motivator.
Over 80% of individuals polled by a new study would be inspired to increase their physical activity if paid in cryptocurrency for their efforts, according to a new poll.
1,001 Americans were polled by fitness website FitRated to learn more about their views on blockchain-related fitness technology.
According to the survey, 40% of people said they would be willing to cancel their physical gym membership if they had a Metaverse one. Paid in cryptocurrency, on the other hand, would motivate 81% of respondents to maintain their health.
Previously, a research by the National Bureau of Economic Research found that money alone would not be enough to encourage people to exercise.
Blockchain-based financial incentives, according to FitRated’s research, might just do the trick, with 63 percent of respondents agreeing that fitness motivation was a “primary advantage” of blockchain technology. This is one area in which several move-to-earn initiatives are attempting to take advantage.
Gamification was identified as the most popular reason for why people would prefer blockchain-based financial incentives to normal monetary ones, with 83 percent of respondents finding it appealing that blockchain-based fitness apps gamified physical activity.
When asked what kind of fitness they would do to acquire cryptocurrency, over half of the respondents said that walking would be their preferred sport. Swimming was third at 41.4% and cycling came in second at 47.2%.
When it came to determining which cryptocurrency people would want to be compensated in, Bitcoin (BTC) was the clear winner, with 72% of respondents selecting BTC. Ether (ETH) was a distant second at 35.5%, followed closely by Dogecoin (DOGE).
Blockchain-based fitness apps are experiencing a period of rapid growth.In the blockchain fitness industry, STEPN — a Web3 move-to-earn application that gamifies the experience of working by allowing users to create unique nonfungible tokens (NFT) sneakers — has been a trailblazer.
STEPN, on the other hand, may be one of the more well-known Web3 applications in the fitness industry. Step App, a move-to-earn app powered by the Avalanche blockchain, has entered the ring as an adversary to WowWee’s Move. One of Web3 companies aiming to capture the $100 billion health industry is fueled.