- Hack VC led Moonwalk Fitness’ $3.4 million seed fundraising round, with help from CMS, Flowdesk, Reciprocal Ventures, and Binance Labs.
- Moonwalk risks a user’s bitcoin if they don’t meet specific daily fitness targets.
Moonwalk exercise, a web-based exercise accountability software, secured $3.4 million in new early funding.
Moonwalk said Thursday that Hack VC led the investment, with help from CMS, Flowdesk, Binance Labs, Reciprocal Ventures, and others.
Following the advent of the move-to-earn trend during the past bull market, the blockchain-based software is one of a few health-focused web3 businesses that are gaining traction, such as smart ring developer CUDIS.
Moonwalk stakes a user’s cryptocurrency on whether or not they meet their fitness objectives. A user must join a group known as a crew in order to take part, and the crew captain sets daily fitness goals for the group. Following that, the user deposits USDC, SOL, or BONK. The user gets their deposit back and may possibly get more tokens if they meet the objectives. Successful players receive a percentage of the user’s deposited cryptocurrency if they fail.
Moonwalk Fitness is encouraging healthy living and showcasing how blockchain may provide practical utility in an easy-to-use and accessible manner by fusing fitness with money incentives.
Moonwalk Fitness was contacted by The Block for comment.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
