WELL3 reaches 55 million in total locked volume before token generation event
WELL3, a trailblazer in decentralized wellness solutions, has achieved $55 million in total value locked (TVL) within just 24 hours during its public sale, right before its token generation event (TGE), according to the latest updates shared with Finbold on July 1. This impressive figure highlights strong support from significant players in the crypto industry, 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 revolutionizing the health and wellness sector through its groundbreaking Decentralized Physical Infrastructure Network (DePIN), Decentralized Identity (DID), and advanced artificial intelligence (AI) systems.
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The company aims to enhance well-being by delivering secure, data-driven health services that utilize blockchain and AI to provide a personalized healthcare experience, prioritizing data ownership and security.
Fung Kam Keung, CEO and Co-founder of WELL3, emphasized the significance of the recent funding in achieving WELL3’s objectives, 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 processed over 17 million transactions on its blockchain and boasts 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), enabling users to seamlessly interact across various platforms for a unified experience.
Harsh Agarwal, Investment Lead at Cypher Capital, commented on WELL3’s market presence, 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 Capital
WELL3’s Token Generation Event is scheduled to launch on July 3 at 10 AM UTC on Bybit.
