The Fit&Beat (www.fitbeat.io ) blockchain startup announced a $25 million investment from the Bahamian-based GEM Digital Limited. This funding will assist the development of 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.
Fit&Beat is now well-positioned to deliver upon its mission to help the world’s population to become a healthier society by transforming every home, office, and public space into a gym/workout environment.
FIT&BEAT represents a vital part of Metaverse and Train2Earn (Move2Earn), because it focuses on interactions, virtual gyms, VR training, virtual world – FitBeatVerse, AI-enhanced, first of a kind Proof of workout mobile app, Play2Earn Sports games, and NFTs.
About Fit&Beat project
The Fit&Beat project was conceptualized back in 2018 on the back of an enthusiastic and passionate team, whose daily lives are deeply connected with fitness/sports communities. With a mission to connect blockchain & an active lifestyle, the Fit&Beat team currently has over 40 global ambassadors, 8 million followers, and 8 solidified partnerships as it continues to grow.
For more information, please visit www.fitbeat.io
About GEM Digital Limited
GEM Digital Limited is a digital asset investment firm. Based in The Bahamas, the firm actively sources, structures, and invests in utility tokens listed on over 30 CEXs and DEXs globally.
Global Emerging Markets (“GEM”) is a $3.4 billion, an alternative investment group with operations in Paris, New York, and the Bahamas. GEM manages a diverse set of investment vehicles focused on emerging markets and has completed over 520 transactions in 70 countries. Each investment vehicle has a different degree of operational control, risk-adjusted return, and liquidity profile. The family of funds and investment vehicles provide GEM and its partners with exposure to Small-Mid Cap Management Buyouts, Private Investments in Public Equities (PIPEs) and select venture investments. For more information: http://www.gemny.com
A word from the CEO of Fit&Beat, Mark Kalin
As the CEO of Fit&Beat, I am very proud of our team’s achievements in these uncertain times. I have always known that our business has huge potential, but as a tech startup, there are going to be obstacles and challenges. I am happy to have a strategic partner like GEM Digital, who recognizes and shares our vision. Together we can turn our plans into a reality. Fit&Beat 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/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. As a tech startup, we are expanding into new markets and partnerships. We now have 40+ ambassadors and 10 business partners, with a combined reach of over 13 million people. This investment commitment will progress the development of both the App and FitBeatverse .