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This Move-to-Earn Project Takes Fitness and Gyms Into the … – Cryptonews

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Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com
The New Web 3.0 health and wellness platform Fight Out is set to revolutionize the fitness space with a new move-to-earn (M2E) model that incentivizes and rewards users for being proactive. The project is in its first presale stage and has raised over $2.79 million in its presale in a matter of weeks.

Last week, CME Group, one of the largest derivatives markets in the crypto space, announced that it would partner with CF Benchmarks to launch three new metaverse reference rates. 

The announcement confirmed that both companies would publish prices of three new metaverse coins – Decentraland’s MANA, Chiliz’s CHZ, and Axie Infinity’s AXS. Both companies will publish real-time asset rates, taking data from several top-rated cryptocurrency exchanges and trading platforms. 
The news underscores increased attention to metaverse tokens being paid by large institutional players. And, given that the FGHT token aims to bring fitness to the metaverse, the asset could benefit significantly from the move.
Fight Out is a new, innovative M2E project that allows users to earn while they work out. The platform, unveiled in late 2022, takes fitness and gyms into the metaverse with an immersive virtual world experience that improves users’ fitness journey and allows them to participate in the future of human interaction. 
Looking to disrupt the $96 billion-a-year fitness and health industry, Fight Out operates a model that enables users to work out and rewards them for doing so. Its first access layer is its mobile app, which offers access to a library of on-demand workouts and routines. 
With the Fight Out app, users will be able to choose specific workouts, all of which would target specific parts of their fitness – from muscular endurance and cardio to combat and strength. These workouts come with videos from professional coaches and instructors to ensure an optimal user experience.  
Next, Fight Out also incorporates physical gyms. The goal is to launch up to 20 gyms where members can work out with others. 
In addition, Fight Out is looking to capitalize on the metaverse. The platform’s dedicated virtual world allows users to network with other athletes and join virtual tournaments. Users can also establish their leagues and socialize on this platform. 
In the Fight Out metaverse, users will be given non-fungible tokens (NFTs) bound to them. These NFTs can’t be sold or traded and contain users’ vitals – cardio, endurance, techniques, and more. The more a user gets fit, the better their avatar looks. 
Athletes can deploy their NFTs as avatars in Fight Out’s metaverse to show off their gains and see how other users are doing. Avatars can be used in virtual tournaments, and the fitness stats on users’ avatars will determine their performance in these competitions.
In Fight Out, users who complete workouts are given REPS as rewards. REPS is the platform’s in-app currency and can be redeemed within Fight Out’s online marketplace. 
REPS can be used to buy one-on-one coaching sessions, gym equipment, and even discounts on the Fight Out subscription. Fight Out has designed it to ensure users get more tokens as they build strength and other important fitness vitals. 
However, there are also soft caps on the amount of REPS earnable for workouts in each category. Athletes must do a mixture of cardio, strength, technique, and endurance workouts to earn the most REPS. 
Besides REPS, users can also gain access to Fight Out’s FGHT token. The digital asset is used to pay for subscriptions on Fight Out, with users enjoying a 25% discount for paying with FGHT as opposed to fiat. 
FGHT can also be used to buy REPS and enjoy significant in-app rewards, further bolstering its demand. It is also worth noting that FGHT is a proof-of-stake (PoS) token, which means investors can stake the asset to earn more units. 
Currently, Fight Out is looking to raise funds to power its platform. To that end, FGHT is now available on presale and has raised over $2.79 million.
The presale aims to raise $10 million, and the demand for FGHT shows that it could achieve that. The token is priced at 60.06 FGHT for 1 USDT, with Fight Out’s developers hoping to sell up to 60% of the total FGHT supply.  
Buy FGHT on Presale
A quick 3min read about today's crypto news!

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Utherverse CEO Brian Shuster Granted Seven New Patents for … – Business Wire

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Internet pioneer now boasts more than 100 tech and internet-enabling patents
NEW YORK–(BUSINESS WIRE)–Brian Shuster, founder and CEO of Utherverse, one of the largest metaverse platforms in the world, has been granted seven new patents for technologies designed to enhance the metaverse experience. The new technologies will begin to be deployed in the metaverse’s next generation platform, due to launch by mid-2023.

The new patents add to Utherverse’s already formidable mountain of intellectual property, addressing a variety of problems and vulnerabilities within metaverse platforms, ranging from the physics of movement and immersive displays to physical interaction between users and animation control.
“For more than two decades we have been working to enhance users’ experiences on the internet,” said Shuster. “These new patents span the three key metaverse pillars of software, hardware and remote touch; solve some inherent and significant problems with the operation of metaverse platforms; and greatly improve the ability of users to exist and thrive in hyper-realistic virtual worlds. They will provide developers with the capability to continually innovate.”
Shuster is now an inventor of more than 100 patents for internet enabling technologies. The abstracts of the seven new patents read in part:
Utherverse is a metaverse platform that enables developers to build interconnected virtual worlds, provides hyper-realistic immersive experiences for consumers and opportunities for companies to market and monetize their products and services. Utherverse generates revenue from custom metaverse building services, sales of NFTs and a variety of business verticals including advertising/marketing, shopping/retail, conferences/conventions, education, dating, lifestyle, entertainment events/performances, VIP experiences and virtual offices. The Utherverse platform was launched in 2005 by internet visionary Brian Shuster. A beta version of the next generation Utherverse platform is expected to launch by mid-2023. To date, the platform has served 50 million+ users with 32 billion+ virtual commerce transactions. Utherverse has developed the technology and received more than 40 patents critical toward operating large-scale metaverses. The company is based in British Columbia, Canada. More information can be found online at Utherverse.io; Twitter/Instagram: @Utherverse; Facebook: /UtherverseDigital; LinkedIn: /utherverse-digital-inc/; Telegram: /UtherverseAnnouncements; Discord: /Utherverse.io.
Steve Honig
The Honig Company, LLC
818-986-4300
press@honigllc.com
Steve Honig
The Honig Company, LLC
818-986-4300
press@honigllc.com

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Meta is desperately trying to make the metaverse happen – MIT Technology Review

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Will web access and avatar legs be enough?
The star of Tuesday’s Meta Connect, the so-called “state of the union” for the company formerly known as Facebook, was Meta Quest Pro. Meta’s newest virtual-reality headset clocks in at a whopping $1,499.99. That’s a significant price jump from its previous iteration, Meta Quest 2, which could be yours for $399.99—not exactly cheap, but still in triple-digit territory.
That price hike, coupled with Meta’s insistence throughout the virtual event that the company envisioned the metaverse as a “next-generation social platform” accessible to everyone, sort of feels like a blatant contradiction. Even if you are among the lucky few who can shell out a grand and a half for a virtual-reality headset, would you really want to?
That’s the question Meta seems to be grappling with. While the headset price jumped, nearly all the company’s other big moves are aimed at a common and simple baseline: making the metaverse something people actually want to use. 
Meta’s metaverse hasn’t exactly had a smooth year. Less than a year ago, founder Mark Zuckerberg rebranded what was then Facebook in an effort to show that the company was pivoting to what he believed was the future of our digital lives. Since then, Meta has been saddled with hiccups and gaffes, including a much-ballyhooed avatar of Zuckerberg that got memed to oblivion, a report suggesting that the company’s employees were less than enthused about the metaverse, and allegations of virtual sexual assault.
A woman was sexually harassed on Meta’s VR social media platform. She’s not the first—and won’t be the last.
So its current strategy seems to be to release a string of updates to see what might get people interested—a “throw spaghetti at the wall and see what sticks” approach, if you will. 
Besides the Meta Quest Pro, the company also announced at the event that it was going to open up Horizon Worlds, the social media platform within Meta’s metaverse, to mobile and desktop users, so people without a headset will be able to access the virtual world.
That’s a notable step: it’s a tacit admission that VR headsets aren’t taking off as quickly as the company would like. Without a critical mass of people who understand what the metaverse feels like or even is, Meta can’t hope to have its products adopted. Opening its virtual worlds to the formats consumers are comfortable with (their text messages, their browsers, the company’s beleaguered Instagram platform) gives people who aren’t open to shelling out $399.99—much less $1,499.99—a way to experience the new world.
What’s also made the metaverse a hard sell is the disorienting experience of being a floating, legless torso, and Meta announced that it won’t be that way anymore. Previously, Andrew Bosworth, Meta’s CTO, said in an Instagram AMA that full-body avatars were difficult to implement, particularly because VR tracking usually comes from someone’s real-life eyes and hands. “Tracking your own legs accurately is super hard and basically not workable just from a physics standpoint with existing headsets,” he said in February.
But Zuckerberg (or, rather, his leggy avatar) announced at the event that the company was going to use artificial intelligence to map out legs in the metaverse, allowing avatars the ability not only to walk and run but also to wear digital clothing for their legs (a marketplace that Zuckerberg has said he is eager to participate in; Roblox, a gaming platform I’ve written about before, currently has a comfortable share of the market). This would be a huge step to improving how users think about movement in the metaverse and how they decide to represent themselves there.
But even with legs, and even with the ability to roam the metaverse without a headset strapped to your face, the key question remains: Is Meta’s metaverse something people will actually buy into? It’s worth noting that even employees at Meta are skeptical about the company’s vision, with one going so far as to say the amount spent on these projects to date made him “sick to [his] stomach.”
A free, shareable version of the metaverse accessible via weblink will open the previously closed world up to people who may not have hundreds of dollars to burn, and it’s a huge move toward democratizing the space. It might lead people to buy Meta’s claim that talking to a cartoon version of your boss is totally cool—and, more broadly, that the metaverse really is the next digital plane on which we’ll conduct our lives. 
But it might also do the opposite: people might hop on the link and find that even in its now full-bodied state, the metaverse, er, doesn’t have legs.
An avatar of the singer, who died in 1997, performed with live rappers on Meta’s Horizon Worlds.
In his own words, the Chinese painter shares how he became a one-person newsroom during a week of intense protests against China's zero-covid policy.
Reflecting on my desire for Chinese-style e-commerce platforms.
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OREO Launches Its Own VR Metaverse Experience – VRScout

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The OREOVERSE is available now via Horzion Worlds.
This week OREO unveiled a new limited-edition flavor, the Most OREO OREO, which features real OREO grind mixed in the creme. In celebration of the new product, the company has created its own metaverse experience accessible on Meta Quest 2 and Meta Quest Pro headsets.
According to the company, the OREOVERSE features a variety of “cookie-themed” games that have you building delicious treats in VR for a chance at $50,000. As part of the campaign, TV personality Martha Stewart and her gardener Ryan McCallister will stream themselves exploring the OREOVERSE next week on the OREO brand’s social channels.
“We’re so excited to enter the metaverse! OREO is the cookie that begs to be played with and we love to create new opportunities for our fans to connect with each other and share that playful spirit,” said Julia Rosenbloom, Senior Brand Manager, OREO, in an official release. “The Most OREO OREO cookie gives fans a whole new way to playfully engage with us. By scanning the pack, they will ‘dunk into’ the new OREOVERSE world.”
“I am excited to make my metaverse debut in partnership with one of my favorite cookie brands, OREO, and having Ryan there with me will make it all the more fun,” added Martha Stewart. “The two of us have had our fair share of adventures over the last 10 years and have been able to navigate just about anything together, especially in the garden!”
The OREOVERSE is accessible now on Meta Quest 2 and Meta Quest Pro headsets via Horizon Worlds, Meta’s own social VR metaverse. Marth Stewart’s OREOVERSE excursion will begin on Monday, January 30th at 10:00 am ET on Facebook and Instagram. For more information visit here.
Image Credit: OREO
Kyle is a writer for VRScout also working in new media production. He’s also a part-time bounty hunter.
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