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The move-to-earn (M2E) concept has garnered a great deal of attention ever since it was first conceptualized, due to its unique proposition of incentivizing people to keep fit. However, many of the M2E projects thus far only involve the usage of fitness trackers to measure an individual’s steps per day. A certain amount of crypto tokens are then awarded to the individual.
Galaxy Arena takes it a “step” further by incorporating metaverse elements into their program, giving users a more immersive VR experience as they move to earn. However, Galaxy Arena doesn’t stop there: They also highlight other X-to-Earn (X2E) concepts in their program, offering users a variety of activities while they’re in the metaverse.
Excited to learn more about how Galaxy Arena is spicing up the X2E space? Let’s take a look at Galaxy Arena and its unique fitness metaverse experience.
Galaxy Arena is a decentralized metaverse that boasts an interactive hub for users to play, move, learn, dance, sing and participate. With over 100 partnerships, Galaxy Arena is growing fast. It makes use of virtual reality (VR) and state-of-the-art graphics to provide users with an immersive experience unlike any other, as they embark on various activities and earn rewards.
Galaxy Arena was created to solve multiple problems commonly faced by people in the real world. Many people who would like to keep fit in the gym often experience issues such as having to wait for workout equipment, full classes, operating hours that don’t suit their schedule and sanitation challenges (before and after Covid). Some people also don’t like the idea of being watched by others as they work out.
With the creation of Galaxy Arena, fitness junkies no longer have to wait around for equipment to become available because they can work out anytime they want in the comfort of their own home — and attend classes with no size limitations. Their actions are captured by Galaxy Arena’s groundbreaking volumetric motion-capture technology, and in return, users earn rewards in the form of ESNC tokens. Users can choose to purchase all-access pass NFTs to earn even more rewards.
There’s no need to worry about sanitation because participants are using their own workout equipment. And to make the experience more enjoyable and immersive, Galaxy Arena offers users the chance to work out with VR and AR (augmented reality) technology.
Other than working out, users can also look forward to meeting other like-minded individuals and attending events without having to travel at all.
The Galaxy Arena Entertainment Venue features 30,000 square meters of digital space, spanning seven floors. Each level is filled with unique amenities, attractions, functionalities and experiences to keep users entertained.
The Main Floor is where users can watch pay-per-view broadcasts of real-world concerts, MMA fighting events, stand-up comedy, exhibitions, talks, fashion shows and more. These performances are captured with motion capture technology, giving you a life-like experience even when you’re watching from home. And the best part? Users will be able to enjoy a high-quality, unblocked view of the performances.
The Sub Second Floor is where corporations and high-end participants can rent private booths and watch performances in a luxurious setting. Private booths enable corporations to do their own brand advertising, while guaranteeing them privacy and a great quality of service without disruptions. Note that these booths are limited in supply and are only seasonally available, so if you’re interested in booking one, be sure to do so as early as possible.
The Third Floor is where users can find lounges, shops and boutiques available for them to hang out and shop at. You can even choose to purchase a plot of land on this floor, and open your own online store. The Third Floor is one of Galaxy Arena’s most visited places, so you’re bound to enjoy high traffic at your store.
Instead of paying for an expensive membership to visit a regular gym in the real world, consider visiting Galaxy Gym instead — and get paid for working out! While you still have to pay for a gym membership at Galaxy Gym, the fees are much lower, and you’ll gain access to an abundance of benefits, such as being able to use the gym whenever you want in the privacy of your own home.
Galaxy Arena’s monetary rewards system and abundance of interactive health and fitness mini games will keep you coming back for more. Some of the activities include boxing, jogging, weight training and dancing. As you exercise and complete fitness routines, your progress is tracked and you’re rewarded with ESNC (“Essence”) tokens for every milestone reached. Note that your Galaxy Arena NFT characters do lose health and stamina, and the only ways to replenish these are to work out in real life or purchase upgrades. Your equipment also has a limited time use before it deteriorates, so you need to regularly purchase upgrades to keep using it.
Other than exercising on your own, you can engage a private trainer to help you reach your fitness goals, or participate in group sessions for stretching, yoga, reflexology and more.
Galaxy Tower is a real estate development with 20,000 unique NFT units for luxury suites, lounges, office spaces and digital real estate. While there are no available units on the top floor (which is reserved for the Sky Lounge social nightclub and Celestial Casino), users can still delight themselves on the other floors. Each space is designed to be one-of-a-kind, and is equipped with exclusive decor befitting the space’s utility.
Upon entering Galaxy Tower, users arrive at the teleportation sphere on the Ground Floor, which allows them to navigate through the various spaces within Galaxy Arena. On the First Floor is the Cosmic Zoo, where users can view a collection of otherworldly creatures and wild animals. The Galactic Planetarium gives users the chance to attend educational and entertaining shows on astronomy, view the night sky, and admire planets and other celestial objects.
Head up to the Sub Third Floor, where you can immerse yourself in the stunning underwater gardens of the aquarium and take in the views of the tranquility pools. This is the perfect place for one to unwind and just let loose. Users can also take a look at cosmic aquatic species here.
The Exterior is the core ring of Galaxy Arena, which will have the highest foot traffic in the entire Galaxy Arena metaverse. This space has billboards and banners, making it a great place for corporations’ marketing, advertising and sponsorships. Users can also get updates on upcoming events through this space.
There’s still a lot of undiscovered space and outlands within the Galaxy Arena metaverse, and the team is currently working on developing the space so that users can continue to be entertained as they explore the Galaxy Arena world.
ESNC is the main platform token of Galaxy Arena. You can earn ESNC by engaging in all kinds of activities within the Train to Earn system, or you can purchase them through Bybit.
As the platform’s primary utility token, ESNC is used to:
Purchase and upgrade NFTs
Purchase digital land and virtual real estate
Buy event tickets
Stake and be rewarded with more ESNC tokens
Provide liquidity in exchange for incentives
Enable buybacks and burns
Now that we’ve gone through the foundations of Galaxy Arena, let’s take a look at its tokenomics. There’s a total supply of 1 billion ESNC tokens, with 35% set aside for rewards and the ecosystem, 15% allocated to the development of the project, 15% to the team, 15% to marketing, 10% to private sale, 5% to maintain liquidity, 2.5% to the IDO sale, 1.5% to KOL and 1% to the IEO sale.
In case you’re worried about inflationary pressure on the value of ESNC tokens, you’ll be glad to know that the Galaxy Arena team has imposed an anti-dumping mechanism by introducing vesting periods during which tokens will be locked for a certain amount of time. This allows the team to ensure that token holders won’t be able to sell a large amount of ESNC tokens in one go and cause the value of ESNC to tank. Furthemore, the token utilities of ESNC will help to ensure that its value maintains and even increases over time.
Ready to start earning rewards from training in the comfort of your own home? Start investing today at Bybit Launchpad, where 8.6 million ESNC tokens are ready to be earned through either committing BitDAO (BIT) tokens or participating in the USDT lottery after signing up for a Bybit account.
Decentraland is one of the best-known metaverse projects that gives users the chance to explore the digital world and own digital real estate. Users can play games, interact with one another and purchase land parcels to build their own art galleries, virtual offices, games and even storefronts to sell items. These land parcels give users the opportunity to earn an additional income. While there are many things to do in Decentraland, Galaxy Arena stands out in the sheer number of activities on the platform, as well as its multiple revenue streams.
Galaxy Arena doesn’t just give users the chance to play games, own digital real estate and socialize, it also provides a platform for users to exercise and earn at the same time, advertise, watch performances, and visit the zoo, aquarium and planetarium. These added features, along with additional features to come in the near future, sets Galaxy Arena apart from popular metaverse projects such as Decentraland.
While Star Atlas seems to be based on the same premise of a galactic world, Galaxy Arena proves to be a better metaverse project simply based on the number of available activities for earning rewards within the Galaxy Arena metaverse. Furthermore, it taps the idea of M2E, which incentivizes people to keep fit through interactive games.
Galaxy Arena is one of the few projects to tap VR to fully immerse its players and seamlessly bridge the real world with the virtual one. As such, investors may be better off investing in Galaxy Arena, a project that sets itself apart, as opposed to others.
Sweatcoin is a popular M2E app that rewards users with SWEAT tokens and Sweatcoins for the number of steps they take each day. The first 5,000 steps give a user SWEAT tokens, while the subsequent 5,000 steps produce Sweatcoins, the in-app currency for them to purchase vouchers.
While Galaxy Arena also has an M2E element, it utilizes VR and AR technology to include all kinds of exercises. Users aren’t limited to taking steps. Instead, they can also earn through stretching, yoga, boxing, weight training, jogging and dancing. The ability to give users a variety of workout choices gives Galaxy Arena an edge over its competitors.
Galaxy Arena is certainly an exciting metaverse project. It not only provides users the chance to explore a galactic world filled with tons of experiences, but encourages users to engage in various activities to earn rewards. The platform combines the various X2E concepts into one entire hub, truly making it a space for users to do whatever they want — be it play games, exercise, socialize, advertise, watch performances or even shop. With its stunning graphics and numerous utilities, Galaxy Arena looks to be a great project for both users and investors.
Since its aim is to become a leading state-of-the-art metaverse, you can be sure that the innovation of Galaxy Arena won’t stop here. The project is set to incorporate even more features in the near future through its undiscovered space and outlands, so users can definitely look forward to more new experiences within its metaverse. With a healthy and solid gaming rewards economy, Galaxy Arena is positioned to prosper. Investors may wish to get in early to reap the most rewards.
The Galaxy Arena ecosystem’s ESNC tokens appear to be a great long-term addition to any crypto portfolio. As described above, Galaxy Arena stands out from other metaverse projects in that it caters to every user profile out there. Whether you’re a corporation looking to advertise your brand, a fitness junkie looking for a more conducive way to exercise, a fan of MMA fighting events, a gamer, an entrepreneur looking to set up your own online store, or even an individual looking to achieve some fitness goals, Galaxy Arena has a spot for you. The future of the project looks promising, especially since the development team is on a continuous journey to innovate more features to keep users coming back for more. We are definitely bullish on this project.