Binance Labs Invests in Moonwalk Fitness

Binance Labs recently announced an investment in Moonwalk Fitness, an innovative fitness app that turns health care into an enjoyable experience with financial rewards.

Moonwalk Fitness creates various fitness challenges, encouraging users to tackle them by staking tokens like USDC, SOL, or BONK to earn rewards. Users who meet team step goals or complete top challenges can win and receive rewards. If they fail to reach their goals, they forfeit a portion of their staked amount, which is then redistributed to the winners.

Built on the Solana blockchain, Moonwalk Fitness focuses on simplicity and accessibility, aiming to attract non-crypto users to Web3 by reducing blockchain complexity. The app allows users to earn rewards that can be converted into real-world value without needing an in-depth understanding of Web3 technology.

Moonwalk Fitness Successfully Raises $3.4 Million in Seed Round

At the same time, Moonwalk Fitness’s X account confirmed the success of a $3.4 million Seed funding round led by Hack VC. Alongside Binance Labs, other investors in the funding round include Reciprocal Ventures, CMS Holdings, and Flowdesk.

With funding from Binance Labs and the Seed round, Moonwalk Fitness plans to expand its product development, launch on iOS and Android, and broaden its reach to include additional health activities beyond step challenges. This initiative aims to promote public adoption through a user-friendly interface and attractive rewards system.

Max Coniglio, Investment Director at Binance Labs, commented: “Combining fitness with financial rewards, Moonwalk Fitness is encouraging a healthier lifestyle while showcasing blockchain’s real-world applications. We support early-stage projects like Moonwalk Fitness to bring meaningful innovation to the community.”

Sol, Co-Founder of Moonwalk Fitness, expressed excitement about the partnership: “With support from Binance Labs, we’re a step closer to bringing Solana and blockchain technology into the mainstream, inspiring more people to pursue a healthy lifestyle.”

Since the beginning of October, Binance Labs has invested in three projects. Prior to Moonwalk Fitness, the giant also invested in ZKsync’s hyperchain – Sophon and the Bitcoin liquid staking protocol – Lombard.