This New Project Aims to Tap Into Half a Trillion Dollar Metaverse Market With Real-World Rewards - Here’s How It Works
The metaverse is one of the most exciting concepts in the crypto market, and major projections on its future potential have many users stoked.
According to a recent Statista’s Advertising & Media Markets Insight report, the worldwide metaverse revenue would hit half a trillion dollars in the next seven years. One project scheduled to profit from this is the newly launched move-to-earn (M2E) concept, Fight Out.
Health & Fitness Could Hit $490 Billion
The metaverse is not a one-way alley but a multi-faceted solution that provides a new web experience for users. Besides the gaming space, the metaverse offers a virtual portal for e-commerce, education, and workplace collaboration. Another key use case the evolving concept enables is the health and fitness landscape.
By combining virtual reality, augmented reality, and other immersive technologies, the metaverse provides a virtual roadway where users can better optimize their lifestyles.
According to a Statista report, the health and fitness industry is estimated to hit $400 billion by 2030. This shows the immense appeal the virtual landscape has for health-fitness buffs.
However, the report does not end here. E-commerce sales are expected to grow to $200 billion over the next seven years, a 10x increase from the current figure of $20 billion. Gaming is also expected to benefit from this new portal, with the entertainment landscape expected to hit $163 billion from $10 billion.
One project leading the charge in the blockchain health and fitness space is the play-to-earn (P2E), and move-to-earn (M2E) metaverse concept Fight Out.
What Is Fight Out?
Fight Out is a new P2E and M2E concept protocol that assists users in reaching their fitness goals. With this protocol, users can train and complete workouts from the metaverse.
The blockchain project features virtual gym chains powered by the need to offer a healthier lifestyle for everyone.
What separates Fight Out from other P2E and M2E concepts is that there is no need for upfront equipment purchases for users to tap into its huge earning opportunities. For instance, the popular blockchain game Axie Infinity requires new users to purchase at least two Axies which costs hundreds of dollars before tapping into the game.
Stepn, an M2E fitness app, also requires users to buy SOL worth hundreds of dollars to improve their odds of earning more through their NFT sneakers.
These limitations are not in Fight Out, as users are given non-fungible token (NFT) avatars that track their real-world performance. For every exercise routine completed, users earn REPS, an in-game currency through which they can upgrade the stats of their soulbound NFT avatars and even their attire.
The platform’s growing popularity has attracted several professional athletes like Amanda Ribas of the female MMA and Savannah Marshall, with more ambassadors coming in March 2023.
Fight Out and Zuckerberg’s Metaverse Dreams Aligning
The metaverse has come a long way since 2021, and the emerging crypto sub-sector is seeing remarkable interest. One such interest is Meta’s CEO Mark Zuckerberg, who has recently touted the idea of a metaverse-powered UFC event. Zuckerberg is noted to have begun sparring with popular MMA athletes like Alexander Volkanoski as his quest for a connected, shared reality evolves.
Fight Out’s mission is to collaborate closely with this health and fitness initiative, and it has already signed up major professional athletes from the UFC universe. The play-to-earn initiative will allow users to meet their fitness goals while also meeting their financial goals.
The metaverse concept in Fight Out is even expected to be more immersive than ever, as users will be able to sign up to master classes with top athletes and even spar with them and one another.
$490 Billion up for Grabs Via FGHT
Statista’s metaverse report holds a lot of promise for the industry, and Fight Out is the best crypto project that offers an entryway into this space. The blockchain project gives users real-world rewards for completing challenges and workouts at their own pace.
Fight Out is currently the only real project with access to premium healthy lifestyle tools to enable users to thrive in the metaverse. The project would enable users to earn tokens without buying NFT-powered sneakers and without any limitations from their trainers. Users will also connect with community members all from the comfort of their homes.
Once the ongoing presale ends, early project adopters will be able to earn unique NFTs that will reflect their NFT avatar and carry unique value.
At press time, FGHT is currently in the presale stage and has raised over $4.7 million in investor funds. This indicates a strong market penetration as healthy lifestyle makes its mark in the metaverse.
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