WELL3 Hits $55M TVL in 24 Hours Ahead of TGE - Chainwire

01Jul

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

Dubai, UAE, July 1st, 2024, Chainwire

WELL3, a decentralized wellness solutions provider, announced $55M in TVL in a 24 hour public sale ahead of their upcoming Token Generation Event (TGE). The company is support by numerous notable entities in crypto investment, including Cypher Capital, a multi-strategy crypto investment firm, and other well-known names such as Animoca Brands, AWS, Samsung, The Spartan Group, Blocore, Fenbushi Capital, Newman Group, Soul Capital, XY Finance and Lumoz.

WELL3 is reshaping health and wellness through its Decentralized Physical Infrastructure Network (DePIN), Decentralized Identity (DID), and AI systems. With a mission to enhance well-being through secure, data-empowered health journeys, WELL3 leverages blockchain and AI analytics to provide personalized user experiences that prioritize data ownership and security.

“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,” said Fung Kam Keung, CEO and Co-founder of WELL3.

WELL3 boasts over 17M transactions on their blockchain and the establishment of the largest NFT collection on the opBNB chain. WELL3’s multichain framework supports Bitcoin, Ethereum, Polygon, Solana, Blast, and TON, enabling seamless user interaction across diverse platforms for an integrated experience.

“WELL3 stands at the forefront of integrating DePIN, DID, and AI to revolutionize health and wellness,” stated Harsh Agarwal, Investment Lead at Cypher Capital. “Their robust technology and strategic alliances position them as a powerful newcomer in the healthcare industry.”

WELL3’s Token Generation Event is scheduled to launch on July 3rd at 10 AM UTC on Bybit.

About WELL3

WELL3 is the leading Web3 Wellness Platform that revolutionizes health data management. By harnessing 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-strategy venture firm focused on investing in Web3 infrastructure and applications that will drive the new digital economy. Guided by environmental, social, and governance for every investment decision, Cypher is shaping the future of digital currency, public markets, and Web3.