Will FitFi Become the Next New Big Thing in Tokenized Earnings?

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The Fi suffix in Decentralized Finance (DeFi) has already joined with gaming to create GameFi, and social media to produce SocialFi. Could fitness be next, with FitFi emerging as the next new frontier in tokenized earning?

While the fruits of DeFi are reaped by farming, FitFi employs a basic move-to-earn model, incentivizing users to get out of the house and earn tokens by becoming more active.

The frontrunner of the FitFi trend is StepN, “a web 3 lifestyle app with social-fi and game-fi elements.” StepN players can make “handsome earnings” for simply walking, jogging, or running outdoors.

With the benefit of its first-mover advantage, StepN has already captured a significant user base. In an interview, StepN revealed it has around 100,000 daily active users, and around 500,000 monthly active users. Its social media channels are popular too, with around 260,000 followers on Twitter.

The native token of StepN, GMT, is demonstrating strong growth. Currently, on Solana only, StepN has plans to take GMT to BNB Smart Chain (BSC) in the near future and ETH in the longer term.

GMT has a $1.3 billion market cap with a token price of $2.27, up 2,000% in a little over a month.

The FitFi hype train has started to roll and imitators are already running to hitch a ride.

Source: https://beincrypto.com/will-fitfi-become-the-next-new-big-thing-in-tokenized-earnings/