WearFi is fueling a new system where users maintain a healthy lifestyle and get rewarded for it.
By Godfrey Benjamin
Edited by Julia Sakovich
Updated
3 mins read
WearFi, a new blend of blockchain and wearable technology, appears set to take over as the next big thing in Web3. This wearable technology will differ from the regular ones currently in the market as it tracks different metrics. The brand has an incentivization model as it will integrate a reward system for each activity completed.
According to a Press Release shared with Coinspeaker, digital tokens will be rewarded. This will create a link between staying physically fit and Decentralized Finance (DeFi). The aim here is to reward users financially for staying healthy and fit. This will harmonize data ownership, health, and passive income for users.
In the DeFi world, users earn rewards for staking or lending their assets. WearFi will borrow that approach and reward its users with cryptocurrency for engaging in physical activities. Users do not need to make financial investments to earn. The “capital” is physical activities.
For clarity, instead of a user’s smartwatch merely monitoring and tracking how many walking steps were covered, it rewards them for achieving their goal. Similarly, other activities such as heart rate measurement, sleep routine, and other daily healthy activities can earn passive income for the wearers.
The idea is to leverage the wearable tech market to trigger the next crypto bull run in 2025. Blueberry Ring is already playing a leading role in this area of Web3 by encouraging healthy living and an active lifestyle.
By wearing the Blueberry Ring while on a walk or during a gym workout session, the user gets Blueberry tokens. This integration of cryptocurrency rewards into daily activities such as sleep, exercise, and movement could trigger greater adoption in the long run.
WearFi allows users to earn via decentralized systems and guarantees their safety. It offers data privacy by giving users control and also ensures transparency. The WearFi concept mirrors Moonchain, a blockchain that enables developers and hardware companies to create real-world devices.
Interestingly, Moonchain’s specialized design allows it to power WearFi. WearFi devices will integrate seamlessly with the blockchain and allow developers to deploy their devices on-chain. The data generated by these wearable devices will be handled by Moonchain, as it has the infrastructure needed to guarantee efficient, secure, and transparent transactions.
As 2025 approaches, tech enthusiasts and experts look forward to the revolutionary dimension this will bring to Web3 and wearable technology. Some predict that it could spark a new trend of cryptocurrency growth not yet imagined.
If wearable devices gain wide adoption, crypto usage could also become more mainstream. Overall, these new products might compete with products like Apple Watch from tech giant Apple Inc (NASDAQ: AAPL).
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.
