WELL3 Hits $55M TVL in 24 Hours Forward of TGE

Dubai, UAE, July 1st, 2024, Chainwire

WELL3, a decentralized wellness options supplier, introduced $55M in TVL in a 24 hour public sale forward of their upcoming Token Era Occasion (TGE). The corporate is assist by quite a few notable entities in crypto funding, together with Cypher Capital, a multi-strategy crypto funding agency, and different well-known names reminiscent of Animoca Manufacturers, AWS, Samsung (KS:), The Spartan Group, Blocore, Fenbushi Capital, Newman Group, Soul Capital, XY Finance and Lumoz.

WELL3 is reshaping well being and wellness by its Decentralized Bodily Infrastructure Community (DePIN), Decentralized Id (DID), and AI methods. With a mission to boost well-being by safe, data-empowered well being journeys, WELL3 leverages blockchain and AI analytics to offer customized person experiences that prioritize knowledge possession and safety.

“With Cypher Capital’s assist, WELL3 is poised to considerably improve our ecosystem, integrating cutting-edge expertise to increase decentralized wellness options and drive impactful development,” mentioned Fung Kam Keung, CEO and Co-founder of WELL3.

WELL3 boasts over 17M transactions on their blockchain and the institution of the most important NFT assortment on the opBNB chain. WELL3’s multichain framework helps , , Polygon, , Blast, and TON, enabling seamless person interplay throughout numerous platforms for an built-in expertise.

“WELL3 stands on the forefront of integrating DePIN, DID, and AI to revolutionize well being and wellness,” said Harsh Agarwal, Funding Lead at Cypher Capital. “Their sturdy expertise and strategic alliances place them as a strong newcomer within the healthcare business.”

WELL3’s Token Era Occasion is scheduled to launch on July third at 10 AM UTC on Bybit.

About WELL3

WELL3 is the main Web3 Wellness Platform that revolutionizes well being knowledge administration. By harnessing Decentralized Bodily Infrastructure Community (DePIN) and Decentralized Id (DID), together with refined AI analytics, it engages customers with rewards to incentivize well being knowledge assortment and administration.

About Cypher Capital

Cypher Capital is a number one early-strategy enterprise agency targeted on investing in Web3 infrastructure and functions that can drive the brand new digital financial system. Guided by environmental, social, and governance for each funding determination, Cypher is shaping the way forward for digital foreign money, public markets, and Web3.

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ContactShameem ShaMedia Supervisorshameem@cyphercapital.com

This text was initially revealed on Chainwire