Fitmint, a Web3 business, gets $1.6 million with the help of General Catalyst.

Web 3.0 is the next generation of the internet World.

General INfo

Fitmint is a move-to-earn app with built-in social-fi and NFT game features that enables users to earn prizes in cryptocurrency or NFTs by exercising, walking, or running.

Web3 startup Fitmint has raised a seed funding of $ 1.6 million led by General Catalyst and with participation from iSeed, Kearny Jackson, Dweb3, and 1947 Rise among others.

Fitmint is a move-to-earn app with in-built NFT gaming and Social-fi elements, where users can earn rewards in crypto or non-fungible tokens by walking, running, or working out. 

Quotes

“This funding will enable us to onboard the right talent at Fitmint, as well as in improving the technology and product aspects in order to provide cutting-edge, superlative experiences to our users,” co-founder and CEO Rohit Sharma said on June 29.

“Going forward, we are building many other exciting things for the Fitmint community such as fitness wearable integration to enable tracking all kinds of physical activities and integration of SocialFi to bring social, fitness, and finance together for the first time ever.”

According to a press release from the firm, the startup has already begun making money and has set a goal of $12 to $15 million by the conclusion of the current fiscal year.

Conclusion

The business’s app was introduced in January 2022 and made available to the general public in May. According to the corporation, 85 percent of its total users access the app daily when it is active on iOS and Android.

Fitmint has established a community on Twitter and Discord with more than 100K+ members from more than 50 countries in the last five months.

“To achieve our mission, we believe that Web3 offers a perfect blend of tools like NFT gaming, native digital currency, community effect, etc as well as the interesting elements of game-fi, social-fi, and real money rewards.

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