Dubai, United Arab Emirates, July 1, 2024, Chainwire
WELL3, a decentralized wellness solutions provider, announced $55 million in TVL in a 24-hour public sale ahead of its upcoming Token Generation Event (TGE). The company is backed by numerous prominent entities in cryptocurrency investment, including Cypher Capital, a multi-strategy cryptocurrency investment firm, and other well-known names such as Animoca Brands, AWS, Samsung (KS:), The Spartan Group, Blocore, Fenbushi Capital, Newman Group, Soul Capital, XY Finance, and Lumoz.
WELL3 is revolutionizing health and wellness through its Decentralized Physical Infrastructure Network (DePIN), Decentralized Identity (DID), and AI systems. With a mission to improve wellness through secure, data-driven health experiences, WELL3 leverages blockchain technology and AI analytics to deliver personalized user experiences that prioritize data ownership and security.
“With the support of Cypher Capital, WELL3 is poised to significantly enhance our ecosystem, integrating cutting-edge technology to expand decentralized wellness solutions and drive impactful growth,” said Fung Kam Keung, CEO and co-founder of WELL3.
WELL3 boasts over 17 million transactions on its blockchain and the largest collection of NFTs on the opBNB chain. WELL3’s multi-chain framework supports , , Polygon, , Blast, and TON, enabling seamless interaction between users across multiple platforms for an integrated experience.
“WELL3 is at the forefront of integrating DePIN, DID, and AI to revolutionize health and wellness,” said Harsh Agarwal, Chief Investment Officer at Cypher Capital. “Their robust technology and strategic partnerships position them as a powerful newcomer in the healthcare industry.”
The WELL3 token generation event is scheduled to go live on July 3 at 10am UTC on Bybit.
About WELL3
WELL3 is the leading Web3 wellness platform that revolutionizes health data management. By leveraging Decentralized Physical Infrastructure Network (DePIN) and Decentralized Identity (DID), along with sophisticated AI analytics, it engages users with rewards to incentivize health data collection and management.
About Cypher Capital
Cypher Capital is a leading early-stage venture capital firm focused on investing in Web3 infrastructure and applications that will power the new digital economy. Guided by environmental, social, and governance criteria in every investment decision, Cypher is shaping the future of digital currencies, public markets, and Web3.
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