Since the groundbreaking success of Axie Infinity (AXS) and the widespread adoption of play-to-earn (P2E) crypto games in 2021, the move-to-earn (M2E) crypto landscape has expanded to include a range of projects and apps. Initially captivating gamers with the ability to earn free Bitcoin or convert native tokens into BTC, the move-to-earn trend has now extended its reach to fitness enthusiasts seeking investment opportunities.
In this comprehensive guide, we delve into the realm of the top 5 move-to-earn apps in 2023, highlighting the key players to keep an eye on in the current year. With improved tokenomics, these apps hold significant potential for success. So, grab your workout gear and prepare to dive into the exciting world of the best move-to-earn apps.
1. Galvan
Galvan, which stands out as one of the top 5 move-to-earn apps in 2023, is a leading platform that combines blockchain technology with digital health and well-being, aiming to revolutionize the healthcare industry. By tokenizing healthcare and introducing $IZE Tokens, Galvan incentivizes users to maintain their health. The platform operates through user-operated nodes, creating a decentralized ecosystem on a global scale.
Through the integration of blockchain technology, Galvan seeks to decentralize the healthcare system and provide cost-effective solutions worldwide. Established through partnerships between blockchain executives and prominent figures in healthcare, Galvan harnesses the power of smart contracts to validate and reward users for their health-related choices. Using a Proof-of-Action algorithm, Galvan rewards users with $IZE Tokens as they engage in various healthy activities.
Whether it’s taking a 5-minute walk, refilling a prescription, or ensuring a good night’s sleep, users earn rewards for their proactive actions. Additionally, passive rewards are attainable by running software nodes within the Galvan ecosystem. To further enhance user experience, Galvan offers remote medical services known as Telehealth. With doctors available 24/7, users can access medical assistance anytime, day or night, even in emergencies.
2. Sweatcoin (SWEAT)
Sweatcoin has emerged as one of the top 5 move-to-earn apps in 2023, occupying the second-highest position in terms of market capitalization (approximately $38.66M) as of April 2023. The SWEAT token displayed a bullish trend at the beginning of the year, with a notable 36.7% gain in the first two months. You can earn one Sweatcoin (SWEAT) for every 1,000 steps taken by simply tracking your steps.
These earned tokens can be exchanged within the platform’s marketplace for various rewards, including high-tech shoes, iPhones, anti-gravity yoga classes, and more. However, it is important to note that the reward value may decrease over time to maintain the token’s worth. Overall, Sweatcoin is a legitimate platform that offers the opportunity to obtain products for free or at discounted prices by monitoring your physical activity.
It is suitable for individuals who engage in regular walking or running or those seeking motivation to stay active. Nevertheless, it is crucial to acknowledge the platform’s current limitations regarding the available products and locations for redemption and the fact that earning rewards may require consistent effort. Being aware of these aspects will help manage expectations and prevent potential disappointment.
3. Step App (FITFI)
Step App ranks third in our list of the top 5 move-to-earn apps in 2023. Its association with Olympic champion Usain Bolt as an ambassador highlights its popularity and the public’s trust in the app. The development team behind Step App boasts extensive expertise in blockchain and Web3 technologies.
The governance token of the platform is FITFI, while the ecosystem token is KCAL, which can be earned by completing fitness challenges or reaching personal milestones. KCAL tokens can then be utilized to mint new sneakers (SNEAK), which are non-fungible tokens (NFTs) tied to the move-to-earn concept. FITFI tokens were distributed equally among all users during the token generation event to maximize decentralization.
FITFI serves as a means for users to engage in community decisions, enabling all FITFI holders to partake in voting processes for any ecosystem changes. Additionally, FITFI can be utilized for acquiring booster items within the app. Aside from earning FITFI through program sign-ups, users also have the option to purchase it through various leading cryptocurrency exchanges.
4. Ezzy (EZY)
Ezzy has emerged as one of the top 5 move-to-earn apps in 2023. You can earn tokens by quickly setting up your account and utilizing in-app sneakers. The Ezzy app accommodates various workout routines, whether indoors or outdoors, allowing you to accumulate EZY tokens. Moreover, the app offers game options that enable you to generate income without physical movement in the real world.
To qualify for rewards, there are specific minimum requirements, such as engaging in physical activity for at least 10 minutes per day at a speed ranging from 2 to 20 km/hour. One notable advantage of Ezzy is its simplicity. It avoids complicated and unnecessary GameFi mechanics, eliminating levels, repairs, and other parameters.
The move-to-earn app offers Trial Sneakers of different rarity types that are accessible to all users during training sessions, which only last for 10 minutes. All Sneakers have a limited “service life” and do not exert cumulative pressure on the tokenomics. Users can own multiple Sneakers, which will automatically switch at the end of each training session.
5. Fight Out (FGHT)
Ranked fifth in our list of the top 5 move-to-earn apps in 2023, Fight Out is an innovative Web3 move-to-earn app that successfully concluded its presale in early 2023, raising an impressive $6.2 million. The app’s popularity is further amplified by its association with top MMA fighters and influential fitness personalities who serve as ambassadors. The native token of the project is $FGHT, which can be purchased directly from their website or earned within the game itself.
Your in-game avatar is connected to your real-world fitness activities, adding a unique dimension to the gameplay. The in-app currency called REPS can be earned through real-life training efforts within the app. These REPS can then be utilized to make in-game purchases, allowing you to enhance and upgrade your avatar. Strengthening your avatar translates to increased victories in the game, unlocking more rewards and opportunities.
By choosing Fight Out, users gain access to an affordable fitness app and a network of gamified gym chains, combining fitness and gaming seamlessly. The ecosystem of Fight Out generously rewards users for completing workouts, taking on challenges, earning badges, and actively participating in the community. This creates a thriving environment that encourages progress, engagement, and the overall growth of the user base.
What are the Benefits of Move-to-Earn Apps?
Fitness trackers have gained a reputation for being addictive due to their ability to provide motivation through step counts, calorie tracking, virtual leaderboards, and personal milestones. However, these top 5 move-to-earn apps in 2023 offer a distinct advantage by providing a financial incentive to stay active. As a result, these M2E apps can potentially replace or integrate with traditional fitness trackers.
This opens up opportunities for major health and fitness industry players, such as Nike and Adidas, to gamify fitness, integrate their apps with cryptocurrency tokens, and enhance their overall value. Virtual reality (VR) and augmented reality (AR) experts also have the chance to showcase their expertise and differentiate their projects in this evolving landscape. One of the strengths of these top 5 move-to-earn apps in 2023 is their accessibility, as they typically have a low learning curve.
This inclusivity appeals to a broad audience, leading to increased demand for tokens and subsequently driving up their value. These M2E apps seamlessly blend the physical and digital realms, offering a unique and innovative way to promote a healthier lifestyle and physical activity. This approach specifically resonates with health-conscious individuals while also providing financial rewards, fostering a sense of community, and offering additional health-related benefits.
Final Thoughts
Move-to-earn apps have emerged as a promising domain within the cryptocurrency landscape, garnering significant attention. While some M2E crypto apps and their native tokens experienced underperformance in 2022, this was part of a broader trend affecting altcoins across various sectors, including DeFi, during the crypto winter and bear market correction.
However, with the crypto markets showing signs of recovery in 2023, these top 5 move-to-earn apps in 2023 have the potential to become attractive investments. Among the notable M2E apps, our top pick is Galvan. It stands as the world’s first platform to reward both physical and mental fitness, taking the concept of move-to-earn to a whole new level. Galvan provides users with additional motivation to lead a healthy lifestyle by earning $IZE rewards from the blockchain through activities such as exercise and tracking mental well-being.
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