Oleg Fomenko is the co-founder of Sweatcoin, the fastest-growing health and fitness app in history. The app gamifies keeping fit by converting users’ steps into virtual Sweatcoin which can be exchanged for rewards.
In December 2017, Sweatcoin hit 10 million users and raised Series A funding from several US-based VC firms. Oleg tells us of his big plans for 2018 and beyond. These include expanding into every country, listing as a trade-able currency on the blockchain and partnering with governments.
Before Sweatcoin, Oleg founded music streaming company BloomFm which he grew to 1.2 million users in the UK and raised £16m in funding before unforeseen circumstances forced him to close the company. We talk about how he channelled this disappointment into Sweatcoin.
We also discuss his formative years in the Soviet Union/Russia, evolutionary biases and ethics in tech, the potential of the blockchain and why mountain excursions and silent retreats are an excellent antidote to the modern world.
Oleg is a fascinating blue-sky thinker with incredible insights to share.