Dubai, United Arab Emirates, July 1, 2024, Chainwire
WELL3, a decentralized wellness options supplier, introduced $55M TVL in a 24-hour public sale forward of its upcoming Token Technology Occasion (TGE). The corporate is backed by many notable names in crypto investing, together with multi-strategy crypto funding agency Cypher Capital, in addition to Animoca Manufacturers, AWS, Samsung (KS:), The Spartan Group, Blocore, Fenbushi Capital, Newman Group, Soul Capital, XY Finance, and Lumoz.
WELL3 is reimagining well being and wellness via a Decentralized Bodily Infrastructure Community (DePIN), Decentralized Identification (DID), and AI programs. With a mission to enhance well being all through a safe, data-enabled well being journey, WELL3 leverages blockchain and AI analytics to ship a personalised person expertise that prioritizes information possession and safety.
“With the backing of Cypher Capital, WELL3 is poised to combine cutting-edge applied sciences to scale our decentralized wellness options, driving impactful development and considerably strengthening our ecosystem,” mentioned Fung Kam Keung, CEO and co-founder of WELL3.
WELL3 boasts having established over 17 million transactions on the blockchain and the biggest assortment of NFTs on the opBNB chain. WELL3’s multi-chain framework helps ,Polygon, ,Blast, and TON, enabling seamless person interplay throughout totally different platforms for a unified expertise.
“WELL3 is on the forefront of integrating DePIN, DID and AI to revolutionize well being and wellness,” mentioned Harsh Agarwal, funding chief at Cypher Capital. “The corporate's highly effective expertise and strategic partnerships place it as a powerful new entrant within the healthcare trade.”
WELL3’s token era occasion is scheduled to start on July third at 10AM (UTC) on Bybit.
About WELL3
WELL3 is a number one Web3 wellness platform revolutionizing well being information administration by leveraging a Decentralized Bodily Infrastructure Community (DePIN) and Decentralized Identification (DID), together with superior AI analytics, to reward and incentivize customers to gather and handle their well being information.
About Cipher Capital
Cypher Capital is a number one early stage strategic enterprise agency centered on investing in Web3 infrastructure and functions that drive the brand new digital economic system. With environmental, social and governance priorities in each funding determination, Cypher is shaping the way forward for digital foreign money, public markets and Web3.
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