Fulfilling its original vision to motivate people to be more active, Sweatcoin is about to bring tens of millions of new users into the Web3 ecosystem.
The popular move-to-earn app is about to launch on the NEAR blockchain and introduce its native cryptocurrency SWEAT to bring real-world value to its Sweatcoin rewards.
The founder and CEO of Sweatcoin, Oleg Fomenko, talked to Cryptonites’ Alex Fazel about what’s in store for the app and the value its transition into Web3 will bring its users.
Sweatcoin has gamified movement and wants users to monetize it
Founded in 2015, Sweatcoin has been on a mission to keep its users active for the past seven years. According to Fomenko, the company’s original vision was to have Sweatcoin on a blockchain and reap all the benefits of decentralization.
However, the early days of blockchains like Ethereum meant that a decentralized launch would be slow, costly, and hard to sell to a large number of users, forcing Sweatcoin to launch as a ce
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