Gamifying fitness: Moonwalk wants to turn user tasks into tokenized rewards
Aug 19, 2024
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Caitlin Cook, the director of growth at Moonwalk Fitness, discusses transforming fitness through gamification and crypto incentives. She explains how their platform motivates users with daily step competitions and tokenized rewards. The conversation dives into bridging the gap between crypto and mainstream audiences, emphasizing user-friendly designs. Caitlin also highlights community engagement's role in personal fitness and the importance of realistic health goals, showcasing how technology can encourage more active lifestyles.
Moonwalk Fitness is innovatively blending gamification and cryptocurrency to motivate users through daily step competitions and financial incentives.
The platform aims to simplify user onboarding by offering familiar login methods, targeting a broader non-crypto audience for fitness engagement.
Deep dives
Overview of Moonwalk
Moonwalk is a fitness accountability app designed to help users achieve their health goals through gamification. The app facilitates daily step competitions where players commit to meeting a minimum step requirement each day. Users place a deposit in cryptocurrencies such as USDC, Solana, or Bonk at the beginning of the contest, which they can reclaim if they meet their step goals. If they miss their goals, a portion of their deposit contributes to a prize pool shared among those who successfully complete their daily targets.
Challenges of Consumer Adoption in Crypto
The discussion highlights the gap in consumer applications within the crypto space, emphasizing that many projects focus on overly technical solutions rather than user-friendly options. Mainstream consumers often find the complex onboarding processes associated with many crypto products daunting and confusing. For Moonwalk, the team is working on simplifying user access by allowing sign-ins using familiar methods like email and phone numbers, minimizing the need for crypto wallets. The goal is to create a more intuitive experience that does not overwhelm users unfamiliar with cryptocurrency.
Incorporating Financial and Social Incentives
Moonwalk leverages financial incentives to encourage users to stay active, drawing parallels to successful models used in other industries. For instance, the psychology behind requiring upfront payments for restaurant reservations has shown to increase attendance. This financial commitment often motivates users to complete their health goals, comparable to other fitness challenges where participants strive to meet specific benchmarks. Additionally, the social aspect of competing against others in the app enhances motivation, creating a supportive community that encourages users to maintain their healthy habits.
Future Developments and User Feedback
Looking ahead, Moonwalk is set to release a comprehensive iOS app that offers enhanced social features and a streamlined experience for users. The plan includes incorporating various fitness competitions beyond just step challenges, expanding to include metrics like biometric tracking. Early user feedback has been positive, with many participants reporting significant improvements in their fitness levels and overall engagement. The company is also focused on ensuring that the app is ready for a broader audience before launching extensive marketing efforts.
Caitlin Cook is the director of growth at the onchain fitness platform Moonwalk Fitness.
In this episode, Cook shares how Moonwalk is attempting to build a consumer crypto app that helps people hit their health goals through daily step competitions.
Moonwalk plans to tap into fitness communities, influencers, and corporate wellness programs to attract a broader non-crypto audience.
OUTLINE
00:00 Introduction
02:12 Moonwalk Overview
02:56 Consumer Crypto Apps
21:44 Moonwalk's GTM Strategy
23:32 Moonwalk's Roadmap
27:17 Daily Exercise
32:16 Closing Thoughts
This episode is brought to you by our sponsor Polkadot
Polkadot is the blockspace ecosystem for boundless innovation. To discover more, head to polkadot.network
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