A recent survey conducted has shown that over 80% of people would be encouraged to exercise if they were paid in cryptocurrency for their efforts.
The survey asked 1,000 Americans for their opinions on blockchain related fitness technology. The survey showed that 40% of people would be prepared to cancel their current physical gym membership for one in the Metaverse and that 81% of respondents would be more motivated to exercise if paid in crypto.
A study conducted by the National Bureau of Economic Research determined that money alone would not be enough to motivate people to go to the gym. According to research the blockchain based financial incentives might just be the key with 63% of people agreeing that fitness motivation was a main benefit of blockchain technology.
The concept of gamification was found to be the prime reason behind why people may prefer blockchain based financial incentives to standard monetary ones with 83% of respondents saying that they liked fitness applications gamified physical activity.
49.1% of respondents said that walking would be the activity of choice. This was closely followed by cycling at 47.2% and swimming came in third at 41.4%.
Blockchain based fitness apps are presently on the rise. A Web3 move to earn application called STEPN which gamifies the experience enables users to mint unique NFT shoes and has been a forerunner in the fitness space.
