Building on its promise of inclusivity and ease of use, the
move enables $SWEAT's 16 million token holders to benefit from
access to Ethereum, BNB Chain, Arbitrum, Optimism, and Base
LONDON, Sept. 18, 2024 /PRNewswire/ -- Sweat Economy, the
project tokenizing physical movement with $SWEAT token and Sweat
Wallet, has reached a major milestone. In its mission to onboard
the next billion users into Web3 through advanced chain abstraction
technology, it has enabled seamless integration with five leading
blockchains. Sweat Wallet is now compatible with Ethereum, BNB
Chain, Arbitrum, Optimism, and Base.
The move empowers over 16 million $SWEAT token holders with
enhanced access to decentralized applications (dApps) across these
leading chains. Sweat Economy's decision to integrate with these
five chains marks a step forward in lowering the technical barriers
for new users entering the crypto space. In addition to
strengthening Sweat Wallet's offering, the move positions the
platform to become a key player in the broader blockchain
movement–enabling millions to explore the full potential of Web3
dApps.
Sweat Wallet's focus is to make the Web3 experience even simpler
than Web2. Its users will notice three big changes implemented vs
existing offerings:
- All assets across all chains are aggregated into one portfolio
view on a single screen.
- Any asset on any chain can be managed using one single key
simplifying operational security in the pursuit of mass
adoption.
- $SWEAT - tokenized physical movement - will become a universal
gas token across all of the supported chains allowing users to "Pay
your fees with your feet" reducing your out-of-pocket costs. And
more - there is no more juggling of multiple gas tokens.
Oleg Fomenko, Co-Founder of Sweat
Economy, said, "One of our primary goals has always been to make
Web3 useful and accessible to everyone, and this latest product
helps us to achieve that. By abstracting the complexity of multiple
chains into one simple wallet experience, we enable millions of
users to effortlessly engage with the decentralized world, and
manage their assets with a single key simplifying security and
allowing millions of people to pay their fees with their feet.
Literally! This expansion is not just about technology, it's about
making the world more physically active and wealthier on a global
scale."
Within the Sweat Wallet app, users can mint $SWEAT simply by
walking. Accrued $SWEAT can then be used in various ways, including
trading it for other mainstream tokens such as ETH and USDT,
filling up "Growth Jars" to be saved and multiplied, and unlocking
exclusive rewards within the ecosystem. Users can also participate
in casual games and prize draws. What's more, in the process of
unlocking access for users to various chains, Sweat Economy enables
them to pay off their gas fees with $SWEAT, which daily step counts
can earn. In a recent demonstration, Sweat Economy executed a
transaction on BNB Chain which was signed and triggered from NEAR
and paid for in $SWEAT.
Oleg Fomenko, co-founder of Sweat
Economy is available for interviews
About Sweat Economy
Sweat Economy is a Web3 ecosystem on a mission to help the world
be more physically active by incentivizing movement. It is powered
by $SWEAT, a crypto asset capturing the value of physical movement,
minted by steps. The token is managed via the Sweat Wallet dApp,
the non-custodial Web3 mobile wallet dApp for managing your $SWEAT
and other crypto holdings. Sweat Wallet is a top 5 dApp globally,
boasting over 1.5 million monthly unique active users on the
platform. Users can start earning $SWEAT and participate in the
movement economy by installing the free Sweat Wallet app on Google
Play or the App Store.
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