Menu
Tech

Caroline Wozniacki Looks To Blockchain To Raise Her Business Profile

MONACO, MONACO – APRIL 18: Ceo of Lympo Ada Jonuse with tennis superstar Caroline Wozniacki serves up a partnership with fitness app Lympo, which provides rewards for physical activity, at Le Meridien Beach Plaza Hotel on April 18, 2018 in Monaco, Monaco. (Photo by Patrick Aventurier/Getty Images for Lympo)

Coming off her Australian Open victory in January and poised to compete for the title at Wimbledon, Caroline Wozniacki is taking time in between the Grand Slam stops to pursue a different endeavor: blockchain.

According to Forbes, Wozniacki is an ambassador for Lympo, a blockchain-based app that gives users rewards for tracking and accomplishing fitness goals based on data from connected health apps and wearables.

The app creates an ecosystem in which users grant access to their fitness data in return for rewards and access to services like personal trainers and health coaches. Employers and businesses—and gyms—can use the platform to promote challenges that users can participate in. Health/fitness and sports-related startups can also use Lympo to form partnerships and gain access to users.

Lympo told Forbes that Wozniacki is the first female athlete to endorse a blockchain company.

SportTechie Takeaway 

Lympo is very similar in nature to Sweatcoin, which rewards users with currency for their daily step count, which they can turn into fitness classes or products. Lympo appears to take the concept to another level, letting users grant access to their data to employers, gyms, startups, and health insurers, which can provide them with rewards for goals, but also may raise questions of ethical data use, especially in light of the current conversation around data use by Facebook and other tech companies.

Having Wozniacki as a brand ambassador will likely do a lot to elevate the brand’s profile, considering her worldwide popularity on the tennis circuit. She accompanies a couple of fitness and health coaches, and a discus world champion, on Lympo’s Blockchain for Sports Alliance, but is easily the most recognizable face. It will be interesting to see if Wozniacki continues to pursue similar roles for other emerging blockchain companies.

SBJ Morning Buzzcast: May 9, 2024

WNBA regular season games to be available on Disney+; Candace Parker's new role at Adidas; Rory McIlroy will not return to PGA Tour Policy Board and Theo Epstein's role with the PGA Tour moving forward.

Phoenix Mercury/NBC’s Cindy Brunson, NBA Media Deal, Network Upfronts

On this week’s pod, SBJ’s Austin Karp chats with SBJ NBA writer Tom Friend about the pending NBA media Deal. Cindy Brunson of NBC and Phoenix Mercury is our Big Get this week. The sports broadcasting pioneer talks the upcoming WNBA season. Later in the show, SBJ media writer Mollie Cahillane gets us set for the upcoming network upfronts.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/2018/04/23/Technology/caroline-wozniacki-looks-blockchain-raise-business-profile.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/2018/04/23/Technology/caroline-wozniacki-looks-blockchain-raise-business-profile.aspx

CLOSE