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Sleep accounts for one-third of a human’s life, and it's crucial for well-being and a healthy lifestyle. Experts recommend seven or more hours of nightly sleep for adults between 18–64 years of age.
However, almost half of the global population is experiencing sleep problems which are slowly morphing into an epidemic and causing a multitude of problems. Lack of sleep leads to significant health problems such as obesity, diabetes, a weakened immune system and psychological conditions such as depression and anxiety. Further, thousands of people are involved in dangerous and sometimes fatal sleep-related accidents every year.
GoSleep (ZZZ) looks to leverage blockchain technology to solve the global sleep problem by incentivizing users with excellent sleep habits.
Key Takeaways:
GoSleep is a decentralized app that aims to solve sleep issues across the globe by rewarding users for achieving healthier sleep behavior.
Through the use of NFTs, GoSleep combines the concepts of HealthFi, GameFi and SocialFi to help users set sleep goals and earn rewards based on their sleep score.
GoSleep is a healthy living reward app that combines the elements of HealthFi, GameFi and SocialFi to promote a healthy lifestyle and solve sleep issues across the globe.
Built on the Arbitrum ecosystem, GoSleep uses the concept of non-fungible tokens (NFTs) to provide users with a virtual bedroom from which they can earn tokens. By combining the rarity of NFTs owned by participants and their scores in terms of sleeping goals, GoSleep hopes to encourage users to adopt good sleeping habits for better health.
Based on the ideas of gaming and social networking powered by web3, the GoSleep solution assists users in beginning a journey toward quality sleep while receiving rewards from sharing their gains from the game with the GoSleep community!
GoSleep uses a sleep-to-earn model whereby users participate in improving their sleep patterns for rewards. Users set their goals by selecting their preferred sleep period, which can’t be changed until the next day to ensure fair gameplay. They then receive scores based on the quality of their sleep and accomplishment of their goal.
While users can receive a free NFT to explore the GoSleep ecosystem and earn tokens, in order to fully experience the benefits of GoSleep there are upgradeable premium NFTs available for purchase.
The various elements of the GoSleep ecosystem include:
Acquiring a virtual bedroom NFT is a player's entrance into the GoSleep virtual sleeping world. These NFTs can be personalized to match one's preferences and style. The NFT is also a gateway to earning rewards for sleeping, including discounts on items and services.
Not only do GoSleep NFTs have an element of beauty, but they can also be merged with material NFTs, such as pillows and furnishings.
GoSleep NFTs come in different rarities and levels. The rarities are as follows, ranked from lowest to highest: Free, Common, Rare, Epic and Myth. These rarities are then divided into several levels. After maxing out the level of the current rarity, you can upgrade to the next rarity for a sense of progression, exclusivity and better rewards in the future.
While all users receive the requisite services from the lowest level, high-level NFT holders are entitled to value-added services and can generate more tokens.
Once you’ve received your NFT, GoSleep will guide you as you identify your current sleeping situation, and provide you with data on how to improve it. You’ll need to set up your sleep goals.
From there, GoSleep will track various parameters, such as sleep duration, number of awakenings and sleep efficiency, among others, and award you a sleep score.
Once you achieve your goals, you can share your sleep records on social media, which is part of the social gaming-driven system of the app.
GoSleep has adopted a dual-token system comprising ZZZ and NGT.
ZZZ is distributed as a reward for users who accomplish sleep goals and group activities. The token can be used for upgrading and merging NFTs, staking, and purchasing bedroom and material NFTs. As a governance token, ZZZ also gives you voting rights to participate in GoSleep’s community decisions.
GoSleep's gaming token, NGT, has an unlimited supply, and can be used to purchase and upgrade NFTs. Users can earn NGT by completing various sleep challenges on GoSleep.
As of May 4, 2023, ZZZ has a trading volume of $230,352 and a current price of $0.43, which is a 12% increase from its all-time low of $0.39 on Apr 29, 2023, and 18% lower than its highest price of $0.53 on Apr 30, 2023.
Coin prediction experts offer varied opinions about ZZZ’s future price. PricePrediction's forecast for ZZZ in 2025 is $1.67, which could rise to $5.12 by 2028. However, CoinArbitrageBot is less bullish on ZZZ, with a price forecast of $1.97 in 2025 that could increase to $2.73 in 2028.
These price predictions shouldn't be taken as financial advice. We recommend you carry out your own research before you buy GoSleep tokens.
Increased awareness about the role of sleep in better health and well-being has led to growing demand for sleep-related products and services. Therefore, the sleep market is expected to expand in areas such as sleep technology, sleep-friendly bedding, clinics and sleep aids.
Recent statistics demonstrate that the popularity of mental health apps has more than doubled in four years, from $203 million in 2019 to $491 million in 2022. As such, GoSleep is in a high-growth sub-sector market. Furthermore, while there are several sleep-to-earn solutions in the market, there’s still no dominant player, giving GoSleep a good vantage point to lead the sleep app industry.
However, it’s fair to point out that GoSleep is new in the market and doesn’t yet have fully developed tokenomics or a road map to help you make an informed investment decision. As always, be sure to invest only what you're prepared to lose.
GoSleep is strategically positioned in a high-growth and high-demand market. Consequently, it has a great first-mover advantage to claim global dominance in the sleep market. Its sleep-to-earn concept combining GameFi, SocialFi and HealthFi encourages healthy sleeping habits, making it an interesting crypto project that may be set to revolutionize the sleep industry while spreading crypto awareness.