WELL3 Achieves 55 Million in Total Volume Locked Prior to Token Generation Event
WELL3, a trailblazer in decentralized solutions for wellness, has achieved a milestone with $55 million in total value locked (TVL) within just 24 hours of its public sale preceding the token generation event (TGE). This update was shared with Finbold on July 1, highlighting substantial support from prominent figures in the crypto realm, such as Cypher Capital, Animoca Brands, AWS, Samsung, The Spartan Group, Blocore, Fenbushi Capital, Newman Group, Soul Capital, XY Finance, and Lumoz.
Transforming the health and wellness sector, WELL3 leads with its innovative Decentralized Physical Infrastructure Network (DePIN), Decentralized Identity (DID), and advanced artificial intelligence (AI) systems. These technologies aim to enhance well-being by delivering secure, data-driven health services. Their approach leverages blockchain and AI to provide personalized healthcare experiences prioritizing data ownership and security.
Fung Kam Keung, CEO and Co-founder of WELL3, emphasized the significance of recent funding in achieving their objectives:
“With Cypher Capital’s backing, WELL3 is poised to enhance our ecosystem significantly. We will integrate cutting-edge technologies to expand decentralized wellness solutions and drive substantial growth.”
WELL3 has already processed over 17 million transactions on its blockchain and holds the largest non-fungible token (NFT) collection on the opBNB chain. Its multichain framework supports Bitcoin (BTC), Ethereum (ETH), Polygon (MATIC), Solana (SOL), Blast (BLAST), and Toncoin (TON), enabling seamless user interactions across diverse platforms.
Harsh Agarwal, Investment Lead at Cypher Capital, highlighted WELL3’s market position:
“WELL3 leads in integrating DePIN, DID, and AI to revolutionize health and wellness. Their robust technology and strategic partnerships establish them as a formidable newcomer in the healthcare industry.”
WELL3’s Token Generation Event is scheduled to commence on July 3 at 10 AM UTC on Bybit, marking a pivotal moment for the project’s future.