Fitness Clubs Near You to Implement NFT-based Memberships!

NFT-based membership models are being leveraged to solve challenges faced by the fitness industry

In recent years, blockchain has evolved massively and now has even borne something we call NFTs (Non-Fungible Tokens), making transfers no longer limited to just the transfer of currency, but now can include the transfer of ownership and information. NFTs include digital art, songs, videos, and even items in games. Many may think that NFTs can only be in the form of digital art, but in reality, NFTs can exist in many industries. A type of NFT that is gaining popularity is NFTs in games and activities. NFTs in games have been growing due to the nature of many games and activities that are tied to the online world as well as applications where anyone can join easily without any barriers to entry. NFTs have been able to provide many with huge profits and are also a new way of making investments. NFT-based membership models are being leveraged to solve challenges faced by the fitness industry.

While the concept behind Global Fit Club is innovative, Zulic explained that an NFT-based membership model is capable of solving many challenges currently faced by the fitness industry. For example, he pointed out that gym membership prices fluctuate over time, which can create financial difficulties for gymgoers.

"Some gyms have been around for years, once offering memberships for $6 a month. These same gyms are now offering memberships for $50 a month. Users that have $6 membership rates may not use their membership, but continue to keep it so they don't have to pay more if they decide to go to the gym again. Or, some members may be forced to pay higher fees due to things like increasing inflation."

Zulic believes that an NFT-based gym membership could solve this problem, as members can purchase the nonfungible token at its floor price and then continue to reap the benefits for life. He added that if a member chooses to cancel their membership, they could resell their NFT and even make a profit depending on the asset's value over time. "With NFTs, gym members can have full ownership of their memberships. They can lock in a certain rate and then sell their membership if they choose," Zulic said.

Additionally, Zulic mentioned that while some gyms have loyalty programs that allow members to earn rewards for working out, an NFT membership can ensure that crypto payments are sent directly to a user's wallet when movement is tracked: "There is actual money behind this, which will help with customer retention and satisfaction."