With a massive amount of “X-to-earn” projects appearing in the blockchain space every day, there are many unique possibilities to earn with crypto. Since the inception of earning through PoW (Proof of Work) mining, countless ideas have entered the market. Specifically, over the past year, we have witnessed so many new ways of earning tokens based on proving various activities.
The most promising and exciting use cases are: Play-to-Earn and Move-to-Earn.
Combined with NFT capabilities, Play-to-Earn makes the entire gaming experience more thrilling and rewarding for players. In the same way that sports betting makes watching a football match much more enticing, P2E is starting to have the same effect in the blockchain space.
The Move-to-Earn category is newer but just as promising. There has been generous hype around projects like STEPN lately, and people are embracing the idea of jogging with their NFT sneakers and getting rewarded for that activity. Doing fitness + earning tokens = pretty cool, right?
Another project called HealthBlocks is tackling how to actively engage individuals and encourage them to live healthier lifestyles in a broader scope. They’re shifting from Move-to-Earn to Live-to-Earn.
HealthBlocks gives tokens for completing health goals and choosing to contribute the generated data from connected fitness wearables and smartphones. Built on the IoTeX blockchain, the health data is stored and utilized in a secure, private, and verifiable way.
The HealthBlocks dApp currently consists of 4 components:
- Data generation – Users can earn tokens by completing health and lifestyle goals, such as going for a walk or completing a health survey.
- Data storage – All private, secure data is kept through a Personal Health Profile, stored in a decentralized identity (DID) on the IoTeX blockchain.
- Data exchange – Users choose to opt-in or out to share the data with third parties in exchange for tokens.
- Data analysis – Health services are offered to individuals, such as telehealth consults, data services, or in-depth testing.
HealthBlocks also uses AI data services to give customized, individual health recommendations based on the generated data. This includes sleep coaching, workout schedules, and nutritional advice.
Led by a team of healthcare experts, HealthBlocks aims to make a measurable impact in preventative healthcare. Blockchain technology brings this interesting use case to life by incentivizing both immediate activity and long-term healthy behaviors.
As the Live-to-Earn space continues to grow, blockchain-based applications will begin to make a greater impact on the physical world. And when combined with other disruptive technologies such as AI and machine learning, the potential is vast.