
The metaverse is one of the most exciting concepts in the crypto market, and major speculations on its future potential have taken many users by surprise.
According to Statista’s Advertising & Media Markets Insight report, worldwide metaverse revenue will reach half a trillion dollars in the next seven years. One project set to benefit from this is the newly launched move-to-earn (M2E) concept, Fight Out.
Health and fitness could reach $490 billion
Metaverse is not a one-way street but a multi-faceted solution that provides a whole new web experience for users. In addition to the gaming space, Metaverse offers virtual portals for e-commerce, education, and workplace collaboration. Another major use case that the emerging concept enables is the health and fitness landscape.
By combining virtual reality, augmented reality and other immersive technologies, the Metaverse provides a virtual pathway where users can optimally customize their lifestyle.
according to a Statista Report, The health and fitness industry is projected to reach $400 billion by 2030. This shows the immense appeal of the virtual landscape for health-fitness enthusiasts.
However, the report does not end there. E-commerce sales are expected to grow to $200 billion in the next seven years, a 10-fold increase from the current figure of $20 billion. Gaming is also expected to benefit from this new portal, with the entertainment landscape expected to reach $10 billion to $163 billion.
One project charging into 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 iNew P2E and M2E concept protocols that help users reach their fitness goals. With this protocol, users can train and complete workouts from the Metaverse.
The blockchain project consists of virtual gym chains driven by the need to offer a healthy lifestyle for all.
What sets Fight Out apart from other P2E and M2E concepts is that there is no need for users to purchase advance equipment in order to take advantage of its huge earning opportunities. For example, the popular blockchain game Ax Infinity requires new users to purchase at least two Axes, which cost hundreds of dollars, before they can tap into the game.
Stepn, an M2E fitness app, requires users to buy hundreds of dollars worth of SOLs to improve their odds of earning more through their NFT sneakers.
These limits are not in Fight Out, as users are given non-fungible token (NFT) avatars that track their real-world performance. With the completion of each exercise routine, users earn REPS, an in-game currency with which they can upgrade their Soulbound stats nft avatar And even his dress.
The growing popularity of the platform has attracted a number of professional athletes such as women’s MMA’s Amanda Ribas 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 subsector is showing remarkable interest. One such interest is that of Mark Zuckerberg, CEO of Meta, who has Recently Promoted The idea of a metaverse-powered UFC event. Zuckerberg has drawn conflict with popular MMA athletes such as Alexander Volkonovsky as his quest for a connected, shared reality develops.
Fight Out is on a mission to partner with this health and fitness initiative, and has already signed leading professional athletes from across the UFC universe. The Play-to-Earn initiative will allow users to meet their financial goals as well as their fitness goals.
The metaverse concept in Fight Out is expected to get more interesting than ever, as users will be able to sign up for master classes with top athletes and even spar with them and each other.
$490 billion up for grabs through FGHT
Statista’s Metaverse report shows a lot of promise for the industry, and Fight Out is one of the best crypto projects that provide an entry route 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 that gives users access to premium healthy lifestyle tools to enable them to thrive in the Metaverse. The project will enable users to earn tokens without having to buy NFT-powered sneakers and without limits from their trainers. Users will be able to connect with all members of the community from the comfort of their homes.
Once the ongoing pre-sale ends, early project adopters will be able to earn unique NFTs that will reflect their NFT avatar and hold unique value.
at press time, FGHT It is currently in the pre-sales phase and has raised over $4.7 million in investor funds. This indicates a strong market penetration as healthy lifestyles make their mark in the metaverse.
Disclaimer: The industry talk section features insights by crypto industry players and is not part of the editorial content of 0xnews.com
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