Step-Counter App Sweatcoin Raises $13M to Fund Leap Into Web3 #togrp7
Popular health and fitness app Sweatcoin is making a major transition from its Web2 surroundings into the world of Web3 by expanding its existing “Sweat Economy” ecosystem to offer crypto rewards for user engagement. The leap is also fueled by $13 million in funding backed by several prominent blockchain.
Other participants in the round include high-profile figures such as Polkadot co-founder Bjorn Wagner, Polygon co-founder Sandeep Nailwal, and Vinny Lingham, the founder of Civic.Sweatcoin’s Web2 incarnation, which gave users a Sweatcoin for every 1,000 steps they took (redeemable for branded products, digital services, and charitable donations), boasts over 100 million users who already use the app to bring value to their daily movement. Users will be able to purchase an NFT which corresponds to tiers of rewards.#togrp7
