Your Space: Revolutionizing Women's Fitness in Armenia with a New Brand Identity
Located primarily in Yerevan, Armenia, Your Space is a pioneering chain of fitness centers designed
moreSerie A Expands Eastern European Reach with New AMC Broadcasting Deal and Launches RFP in Poland
Lega Serie A, Italy's premier football league, has secured a strategic five-year broadcasting agre
more18 Gym Fitness & Beauty Expands to Agora Arad with New Facility, Marking 37th National Location
18 Gym Fitness & Beauty, one of Romania's top three largest gym networks and a dynamic player
moreEstonian Innovator Vok Bikes Raises €3.8M to Expand Eco-Friendly Cargo Bike Fleet Across Europe
Vok Bikes, an innovative Estonian company, recently secured €3.8 million to advance its electric c
moreGeis and Sport Vision Forge Strategic Transport Partnership to Boost Retail Distribution in Slovakia and Czech Republic
Geis Secures Role as Transport Partner for Sport Vision in Slovakia and Czech Republic, Enhancing Di
more
"Business
Partner search for the Sports industry in Central Europe"
You are here » Home Page
» CE Sports Business News
» Fit&Beat secures $25mn Funding
Fit&Beat secures $25mn Funding
2022-10-24 source https://www.intellinews.com/slovenian-start-up-fitandbeat-secures-25mn-investment-from-gem-digital-258536/?source=sloveniaSlovenian blockchain startup Fit&Beat said it secured an investment of $25mn from Bahamas-based digital asset investment firm GEM Digital Limited with funding aimed at developing the state-of-the-art Move2Earn application and its own metaverse.“Fit&Beat is a unique sports solution that aims to radically transform the existing sports industry by using blockchain technology paired with virtual and augmented reality solutions to provide a next-level experience,” the company said in a statement.Co-founder of Fit&Beat, Mark Kalin, said he is happy to have a strategic partner like GEM Digital."Together we can turn our plans into a reality,” he saidKalin said that the company is challenging the status quo of an unhealthy population.“As the prevalence of inactive and obese populations continues to rise, our main goal is to incentivize individuals to live a healthier and more active lifestyle by rewarding them for their workouts. We are developing the first Proof-of-Workout app, Fit&Beat Train2Earn App, paired with our own metaverse, FitBeatverse,” Kalin underlined.The Fit&Beat project was conceptualized back in 2018. With a mission to connect blockchain and an active lifestyle, the Fit&Beat team currently has over 40 global ambassadors, 8mn followers and eight solidified partnerships.GEM Digital Limited actively sources, structures and invests in utility tokens.