WELL3, a pioneer in decentralized wellness solutions, has reached $55 million in total value locked (TVL) within 24 hours during a public sale just ahead of its token generation event (TGE), as per the latest updates shared with Finbold on July 1.
The numbers signal strong backing from major players in the crypto space, including Cypher Capital, Animoca Brands, AWS, Samsung, The Spartan Group, Blocore, Fenbushi Capital, Newman Group, Soul Capital, XY Finance, and Lumoz.
Decentralized health and wellness
WELL3 is at the forefront of transforming the health and wellness sector through its innovative Decentralized Physical Infrastructure Network (DePIN), Decentralized Identity (DID), and advanced artificial intelligence (AI) systems.
The company’s primary goal is to improve well-being by providing secure, data-driven health services that leverage blockchain and AI to offer a personalized healthcare experience that prioritizes data ownership and security.
Fung Kam Keung, CEO and Co-founder of WELL3, commented on the importance of the recent funding in helping WELL3 realize its goals, stating:
“With Cypher Capital’s support, WELL3 is poised to significantly enhance our ecosystem, integrating cutting-edge technology to expand decentralized wellness solutions and drive impactful growth.”
– Fung Kam Keung, CEO and Co-founder of WELL3
WELL3’s market positioning
WELL3 has already achieved over 17 million transactions on its blockchain and has established the largest non-fungible token (NFT) collection on the opBNB chain.
The platform’s multichain framework supports Bitcoin (BTC), Ethereum (ETH), Polygon (MATIC), Solana (SOL), Blast (BLAST), and Toncoin (TON), allowing users to interact seamlessly across diverse platforms for a cohesive experience.
Harsh Agarwal, Investment Lead at Cypher Capita, remarked on WELL3’s position in the market, stating:
“WELL3 stands at the forefront of integrating DePIN, DID, and AI to revolutionize health and wellness. Their robust technology and strategic alliances position them as a powerful newcomer in the healthcare industry.”
– Harsh Agarwal, Investment Lead at Cypher Capita
WELL3’s Token Generation Event is set to launch on July 3 at 10 AM UTC on Bybit.
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