- Summary:
- Sweat Economy, the fitness-based cryptocurrency platform, is venturing into NFTs in partnership with Few and Far. Find out what it means.
Sweat Economy, a rapidly growing tech company that uses cryptocurrency to incentivize increased physical activity, has teamed up with Few and Far to issue its first NFTs. Sweat’s entry into NFTs creates the framework for a new incentive structure for move-to-earn (M2E). This is a key step in the company’s objective is to promote a healthy planet. The ability to quickly and safely acquire a unique collectable NFT is a great addition to the Sweat Economy rewards program.
What Sweat Economy’s entry into NFT means for users
The Sweat Wallet NFT Gallery will be the only place where the exclusive collection of 10,000 unique and rare NFTs may be available. Few and Far, a NEAR-powered NFT marketplace created for the future, will provide the necessary supporting infrastructure. Users who stake a certain amount of SWEAT will get entry into a prize draw. Each winner will receive 1 NFT, and 5 winners will each receive $300 worth of $FAR, the native platform currency for the Few and Far platform.
This partnership with Few and Far marks the launch of Sweat Economy’s NFT offerings. Over 2 million Sweat Wallet users have seen the Few and Far NFT offering. Additionally, more than 200,000 have applied for the rewards. This ushers in a golden age for NFT marketplaces, which Sweat Wallet aims to capitalize on. Sweat Wallet is about to roll out its own NFTs for use in a game within the app.
Users can add their preferred NFTs to the Sweat Wallet via the NFT Gallery. With its native coin, SWEAT, the Sweat Economy aspires to make physical exercise a valuable commodity in and of itself. Among Health and Fitness apps, Sweatcoin has been the most popular download of 2022. In its first week of availability, Sweat Wallet saw more usage than any other decentralized application (DApp) worldwide.