Sweat it Out!

GM. The weekend is here, which means it’s time to get up off your rear end and get active. With the move-to-earn coin, Sweatcoin, moving to Web3, you can earn just for getting outside and taking steps. 

Let’s get to it.

Today’s Topics:

• Sweatcoin pivots to crypto

• Fandom gamified by Golden State Warriors

• Response to Helium critique

• Quick Links

Gonna Make You Sweat!

Sweatcoin is a popular Web2 app that encourages users to get up and get moving to earn coins. Coins can then be used to purchase goods and services on the project’s website. Soon, the platform will pivot to Web3, making it one of many move-to-earn apps.

With $13 million in funding, Sweatcoin plans to expand its “Sweat Economy” by making the switch to crypto. The platform will offer crypto in exchange for user engagement, encouraging users to be more active. 

Investors in the project include Sandeep Nailwal, co-founder of Polygon, Bjorn Wagner, Polkadot co-founder, Electric Capital, Spartan Capital, and the NEAR Foundation. The switch to the SWEAT token will take place on September 12th.

A similar project STEPN recently posted massive profits although its token prices have been slammed. Sweatcoin could be one to watch as in investment opportunity but buyer beware.

Time to get those steps in!

NFTs with a Twist

NFTs have been in the NBA (National Basketball Association) for over a year now, with many teams getting in on the action. However, the Golden State Warriors are taking their NFT offerings to a new level by gamifying fandom. 

With its new NFT collection offered to fans this past season, fans were rewarded based on the team’s performance. The Warriors made 3,000 NFTs available to its fans, with each one selling for $499.99. Based on how far the team progressed, fans had the opportunity to win courtside seats, team merchandise, and other rewards. 

All fans were given a championship ring NFT when the team won the NBA championship over the summer.

Talk about getting fans involved. We can’t wait to see what the Warriors cook up next.

Helium Hits Back

We recently highlighted Liron Shapira’s scathing critique of Helium on Twitter, revealing that the project only produces $6.5k in revenue each month.

Helium founder Amir Haleem wasn’t about to take these disparaging remarks lying down. He fires back at Shapira with a thread of his own.

Check it out here.

Quick Headlines

Who has the monopoly? - It’s hard to tell these days between feuding giants like Facebook, Apple, Google, and Amazon. And here’s another one…

One heck of a grand opening - Solana is set to open its first retail store in New York for Web3 promotion. Right now, it’s already open to preview visitors.

Huzzah! for Prime XBT - Everyone loves a good top ten list, but Prime XBT may be one of the few crypto trading platforms that actually has a whole ten reasons to use it.

Launches:

Looking for extra security? - MetaMask has your back. After some sketchy NFT scams on social media, MetaMask implemented a new security feature that will help.

Binance + Tether = ❤️ - Binance just started supporting Tether deposits on the Tezos blockchain, which means good news for Binance users who want access to more crypto.

Cuts:

Dropping like flies - Crypto firm Zipmex files for bankruptcy, among many others who can’t seem to make it through this bear market.

Hit Reply to let us know how we are doing! We would love to hear from you.

Was this email forwarded to you? Sign up here.

Disclosure: We are a newsletter for information only. We are not financial advisors nor do we claim to be. Consult your legal, investment or tax advisor. Crypto is risky. Do you own research.