WELL3 Stuns the Wellness Industry, Achieving $55M TVL in 24 Hours before Their Token Generation Event

Discover how WELL3 is transforming the wellness industry with blockchain and AI, achieving a remarkable $55M TVL in just 24 hours before their Token Generation Event.

WELL3, a provider of decentralized wellness solutions, has announced an impressive achievement, reaching $55M in Total Value Locked (TVL) within 24 hours during their public sale, prior to their upcoming Token Generation Event (TGE). This remarkable accomplishment showcases the platform's strength and appeal.

The company is backed by several prominent entities in the crypto investment space, including Cypher Capital, Animoca Brands, AWS, Samsung, The Spartan Group, Blocore, Fenbushi Capital, Newman Group, Soul Capital, XY Finance, and Lumoz. These collaborations and partnerships are set to significantly enhance WELL3's ecosystem and contribute to the broader advancement of decentralized wellness solutions.

WELL3 is innovating the health and wellness sector through its Decentralized Physical Infrastructure Network (DePIN), Decentralized Identity (DID), and AI systems. The company's mission is to enhance well-being by providing secure, data-driven health experiences. Utilizing blockchain and AI analytics, WELL3 offers personalized user experiences that emphasize data ownership and security.

“With Cypher Capital's support, WELL3 will massively enhance our ecosystem by integrating cutting-edge technology to expand decentralized wellness solutions and drive impactful growth,” said Fung Kam Keung, CEO and Co-Founder of WELL3.

WELL3 has recorded over 17M transactions on their blockchain and established the largest NFT collection on the opBNB chain. The platform's multichain framework supports Bitcoin, Ethereum, Polygon, Solana, Blast, and TON, facilitating seamless user interaction across various platforms for a cohesive 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 premier Web3 wellness platform that transforms health data management. By utilizing Decentralized Physical Infrastructure Network (DePIN) and Decentralized Identity (DID), alongside advanced AI analytics, WELL3 incentivizes users with rewards to encourage the collection and management of health data.

About Cypher Capital

Cypher Capital is a top early-strategy venture firm specializing in investments in Web3 infrastructure and applications that power the new digital economy. With a strong commitment to environmental, social, and governance (ESG) principles, Cypher Capital is shaping the future of digital currency, public markets, and the Web3 landscape.

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