Episode 122 - Sweat Economy - Building “The Economy of Movement” with Web3

In episode 122, we’re excited to welcome Oleg Fomenko, Co-Founder of Sweat Economy, an OG in the move-to-earn space, with a mission to reward movement to inspire a healthier, and wealthier planet. We discuss how Web3 tools can incentivize healthy actions, the evolution of move-to-earn, onboarding hundreds of millions of users to Web3, and much more.

--Three Key Takeaways--

• “Whole industries are born when you can break a trade-off that's considered standard.” Web3 and move-to-earn are disrupting the trade-off that one must pay to engage in physical activity, by instead rewarding them for the value they create by exercising.
• When building Web3 applications, it is important to not only engage those that are crypto-native, but also those that are new to crypto, and who are from communities that are traditionally excluded from tech, and providing them with accessible on-ramps.
• While many early examples of tokenization have involved tokenizing existing assets – such as the US dollar – a new asset class is being created that involves the tokenization of value-creating activities – such as exercise.

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--DISCLAIMER --
While we may discuss specific web3 projects or cryptocurrencies on this podcast, please do not take any of this as investment advice, and please make sure to do your own research on potential investment opportunities, or any opportunity, before making an investment. We host a variety of guests on this podcast with the sole purpose of highlighting the social impact use cases of this technology. That being said, Crypto Altruism does not endorse any of these projects, and we recognize that, since this is an emerging sector, some may be operating in regulatory grey areas, and as such, we cannot confirm their legality in the jurisdictions in which they operate, especially as it pertains to decentralized finance protocols. So, before getting involved with any project, it’s important that you do your own research and confirm the legality of the project. More on the disclaimer at cryptoaltruism.org.

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