Moonwalk Fitness Raises $3.4 Million in Seed Funding

The web3 fitness accountability app Moonwalk Fitness raised $3.4 million in fresh seed funding.

Hack VC led the funding round, with additional contributions from Reciprocal Ventures, Binance Labs, CMS, Flowdesk, and others, as announced by Moonwalk on Thursday.

The blockchain-based app is among several health-focused web3 products, like smart ring creator CUDIS, that gained traction following the rise of the “move-to-earn” trend during the last bull market.

Moonwalk stakes a user's cryptocurrency against their fitness goals. Users join a group, known as a “crew,” with specific daily fitness targets set by a crew captain. To participate, users deposit USDC, SOL, or BONK. Upon achieving goals, they reclaim their deposit and can earn additional tokens; failure results in a portion of the deposits being shared with successful users.

“By combining fitness with financial incentives, Moonwalk Fitness is promoting healthier lifestyles while showcasing how blockchain offers practical utility in an intuitive way,” stated Max Coniglio, Investment Director at Binance Labs.

The Block reached out to Moonwalk Fitness for comment.