Move-to-earn applications have been present in the Web3 ecosystem since the early 2020s. These apps utilize blockchain technology to reward users for physical activity, potentially encouraging healthier habits.
Research suggests that financial incentives can effectively motivate physical activity, especially considering that only 23% of Americans meet recommended activity levels. Move-to-earn apps leverage blockchain, AI, and gamification to engage users in Web3 while promoting well-being.
One company contributing to this movement is Dotmoovs, a move-to-earn app that blends blockchain and AI for a digital sports experience. This review covers various aspects of Dotmoovs, including its team, tokenomics, app features, and recent partnerships, offering a balanced perspective on the project.
What is Dotmoovs - Gameplay, NFTs, and Personalization
Dotmoovs is a blockchain-powered app for peer-to-peer physical activity competitions. It uses AI algorithms to score in-app sports challenges, providing a user-friendly experience. Users can download and participate in free smartphone challenges.
The app offers three sports categories:
- Freestyle Football
- Dance
- Fitness (Coming Soon)
All games can be played in either practice mode, where players can practice their moves and don’t compete with anyone but themselves. Or competitive mode, where players can play against their friends or famous athletes.
Dotmoovs stands out by assessing player performance using motion detection, LIDAR sensors, and AI-on-edge processing, offering personalized feedback based on individual body types and conditions. This data could be valuable for health-related apps.
Competitive play in Dotmoovs involves using NFT Sports Equipment, which depletes as challenges intensify, offering in-game value and $MOOV rewards.
Competing athletes earn XMOOVs points, which they can use to purchase in-game NFTs. Dotmoovs also has a gear rental system, making competitive play more accessible and fair.
Tokenomics - $MOOV
Dotmoovs' native token, $MOOV, is available on various exchanges, including Uniswap, Pancakeswap, and Huobi. The token serves multiple purposes: buying, restoring, and upgrading NFT gear, accessing physical goods, entering digital sports events, and participating in community events and prize pools.
Founding Team, Seed Funding, and Recent Successes
Founded in 2021 by Francisco Varela, Pedro Rente Lourenço, and Salomé Azevedo, Dotmoovs is a Web3 app driven by their passion for sports and entrepreneurship. Based in Lisbon, Portugal, the team has grown to over 20 members with diverse expertise.
In May 2021, Dotmoovs secured approximately $1 million from private investors. Despite offering only two sports modes, the app has attracted over 82,000 users from 190+ countries. Dotmoovs plans to introduce a "Fitness" mode in October 2023 to expand its user base.
Dotmoovs has established partnerships and collaborations with notable figures, such as Christiano Ronaldo's mother, who became an app ambassador. The project also welcomes artists interested in displaying their NFTs within the Dotmoovs ecosystem.
Conclusion
Dotmoovs is a promising player in the move-to-earn and Web3 space, offering a multifaceted approach to incentivizing physical activity and user engagement. Its alignment with the Web3 trend and user-friendly interface positions it to bridge the gap between traditional and decentralized applications, making blockchain technology more accessible and appealing to a broader audience. While Dotmoov faces its share of challenges, it remains noteworthy in the evolving blockchain and cryptocurrency landscape.
