Step App Announced Usain Bolt as an Official Partner for its Web3 App
Colin Smith — July 21, 2022 — Lifestyle
References: step.app & venturebeat
'Step App' is a fitness-focused mobile application that integrates both real-world activities and the transparency of the blockchain. This application leverages leading web3 technologies such as augmented reality, tokenization, and decentralization, to incentivize users to get active and achieve their fitness goals.
Step App has several levels of monetization that range from in-game cosmetic purchases, such as design profiles, in-app costumes, and more, up to full web3-level monetization such as token building, token trading, and transaction fees on all token trades.
The company describes Step App as a 'move-to-earn' fitness finance (FitFi) service that allows users to build wealth simply by running, exercising, and playing sports in real life. In order to promote this venture further, Step App has officially partnered with Usain Bolt, the world's most recognized speed runner.
Image Credit: Step App
Step App has several levels of monetization that range from in-game cosmetic purchases, such as design profiles, in-app costumes, and more, up to full web3-level monetization such as token building, token trading, and transaction fees on all token trades.
The company describes Step App as a 'move-to-earn' fitness finance (FitFi) service that allows users to build wealth simply by running, exercising, and playing sports in real life. In order to promote this venture further, Step App has officially partnered with Usain Bolt, the world's most recognized speed runner.
Image Credit: Step App
Trend Themes
1. Web3 Fitness Integration - Integrating blockchain technology with fitness apps offers opportunities for incentivizing physical activity through tokenization and incentivization.
2. Tokenized Fitness Transactions - Tokenization of fitness transactions enables users to earn rewards and trade tokens on a decentralized platform while staying active.
3. Augmented Reality Fitness - Integrating augmented reality with fitness apps offer new ways to make physical activity fun and engaging for users.
Industry Implications
1. Blockchain Technology - Fitness apps integrating blockchain technology open opportunities for monetization and incentivization using tokens and decentralized platforms.
2. Fitness Wearables and Technology - Wearable technology and fitness applications can be integrated with blockchain to reward users and incentivize physical activity.
3. Crypto and Finance - Tokenization of fitness transactions on blockchain platforms offer opportunities for new revenue streams and investment opportunities in the fitness industry.
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