Ryzap releases “Workout to Earn” product in 2024, collaborates with HashPalette | coindesk JAPAN

RIZAP announced on May 15 that it has started a project jointly with HashPalette with the goal of releasing a “Workout to Earn” product for building a Web3 healthcare ecosystem. .

By utilizing RIZAP’s brand and know-how to make people healthy in the Web3 area, he felt that there was a possibility to form a new “Web3 Healthcare Ecosystem” and decided to enter this area.

The initial release of the product is planned for 2024. Based on GameFi, we plan to release “Move to Earn” and “Workout to Earn” products that aim to sustain and improve user motivation to promote health.

From press release

Furthermore, we are considering issuing a “Healthcare Trust” that utilizes non-transferable NFT “SBT (Soul Bound Token)”. It is a token that records various health-related information, including the results of user health promotion activities, and is said to be recorded on the blockchain.

HashPalette will be the main developer and provider of the product, and it will be built on the NFT specialized blockchain “Palette” developed by the company. RIZAP will supervise the product and provide marketing support, etc., and will consider collaboration with various services provided by the company in the future.

In addition, HashPalette’s parent company, HashPort, will act as a token economy advisor to support the construction of the token ecosystem.

Editing｜coindesk JAPAN Editorial Department
Image | From press release