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How WELL3 is changing health and wellness with DePIN

by Editorial Staff
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Introduction

WELL3 is a brand new mission that takes a brand new method to well being and wellness by integrating Decentralized Bodily Infrastructure Community (DePIN), Decentralized Id (DID) and synthetic intelligence techniques. Let’s research the mission in additional element.

Evaluate

Firm: WELL3
Inventory image: OK
Blockchain: Multi-chain
Sector: Decentralized bodily infrastructure community
(DePIN) and Decentralized Identification (DID)
Enterprise mannequin: DePIN and AI platform within the well being trade

Particulars of WELL3

WELL3 is a brand new mission that goals to remodel well being and wellness by Decentralized Bodily Infrastructure Community (DePIN), Decentralized Id (DID) and built-in synthetic intelligence techniques.

The platform has 1 million pre-registered customers ready for its launch. WELL3’s mission is to enhance well-being by protected, data-driven well being journeys. Utilizing DePIN, blockchain and synthetic intelligence analytics, WELL3 claims a customized consumer expertise that undergoes safe authentication whereas fostering a group the place tens of millions unite within the pursuit of prosperity.

This method ensures knowledge possession and security requirements, combining AI insights to tailor healthcare options that align with their imaginative and prescient of a protected and caring future.

Main milestones and achievements

The WELL3 group is in depth. With their assist, the platform has achieved a number of achievements.

  • Public sale: In seven days, the general public sale registered a complete worth locked (TVL) of 15,237.2 ETH or 55 million USD. Furthermore, greater than $5 million was raised from the seed spherical and NFT gross sales.
  • Nicely ID: Following the announcement of the launch of the WELL3 Ring, a wearable system that converts private well-being metrics into on-chain knowledge, greater than 900,000 customers have subscribed to the corresponding NFT whitelist and registered within the WELL3 ecosystem.
  • WELL3 NFT Mission: Since its launch on February 10, 2024, Well3NFT has change into the biggest assortment of NFTs on the opBNB community with over 324,000 homeowners and eight million NFTs created by April 27, 2024.
  • transactions: Over $17 million in transactions have been generated on WELL3.
  • Cooperation: WELL3 has established partnerships with organizations akin to Animoca Manufacturers, AWS, Samsung, The Spartan Group, Blocore, Fenbushi Capital, Newman Group, Soul Capital, XY Finance and Lumoz.
  • Strategic alliance: WELL3 has fashioned a strategic alliance with networks akin to Polygon, Solana, Base, Ton, Avalanche, Arbitrum, BNB Chain, Sei, Algorand, Blast and telos. This collaboration ought to be sure that customers profit from a multi-chain and scalable ecosystem, increasing the general performance and attain of WELL3’s choices.

Key options of WELL3

In abstract, WELL3 takes a brand new method to well being knowledge administration inside DePIN.

  • Decentralization of knowledge: Well being knowledge is securely processed within the DePIN system. This course of in Trusted Government Environments (TEEs) powered by Amazon Net Companies (AWS) ensures that consumer knowledge stays personal and safe.
  • Helpful wearables for wellness: WELL3 presents a line of wearable units, beginning with a wise ring geared up with sensors and algorithms that present a complete view of an individual’s well being. Customers can earn WELL tokens by energetic participation and consent to share nameless well being knowledge. This token-based ecosystem enhances consumer engagement by rewarding wholesome conduct and knowledge sharing, and ensures that customers have a stake within the governance and ongoing growth of the platform.
  • Full possession of private knowledge: Utilizing WELL3’s DePIN and DID applied sciences, customers are in full management of their private data and knowledge, and are shielded from unauthorized entry, knowledge breaches and fraud.
  • Multichain: The WELL3 multichain framework spans a number of blockchain platforms together with Bitcoin, Ethereum, Polygon, Solana, Blast, and TON. This protection permits WELL3 to leverage totally different networks, guaranteeing that customers can work together with the WELL3 ecosystem throughout a number of platforms with out boundaries, selling a seamless and built-in consumer expertise. As well as, this method can considerably scale back transaction prices, permitting WELL3 to decide on essentially the most environment friendly blockchain for sure actions.
  • Interplay between ecosystems: Designed to combine with varied platforms and providers, WELL ID eliminates the necessity for a number of passwords and redundant verification processes. WELL ID supplies a unified identification answer that simplifies digital interactions whereas enhancing safety.

What’s the WELL Token? And what does it do?

The WELL token acts as each a utility and a governance token on the WELL3 community. It supplies a community of healthcare ecosystem companions and their customers that capabilities throughout all Layer 1 (L1) and Layer 2 (L2) chains.

Particularly, the next are the makes use of of the WELL token within the WELL3 ecosystem:

  • Helps the WELL3 ecosystem as DePIN ecosystem rewards, well being knowledge sharing and activity-based incentives
  • As a reward for contributing to the WELL3 decentralized community
  • Id creation and decentralized id administration by WELL ID
  • Act as forex for each digital and bodily purchases within the WELL3 ecosystem

The distribution of the WELL token is as follows:

  • Most provide: 42,000,000,000
  • 71% of tokens for public initiatives
  • Lock-up: The unlock schedule is unfold over totally different time intervals to align long-term pursuits and promote stability. WELL will probably be unlocked for twenty-four months in keeping with the token launch schedule.

Conclusion

WELL3 brings cutting-edge expertise to well being and wellness with a give attention to protected, data-driven approaches. By way of the usage of DePIN, DID and AI, WELL3 goals to supply customized well being options whereas guaranteeing knowledge safety and consumer engagement.

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