February 2024 - As the current investment trend and capital pursuit in the crypto space, projects in various subcategories like DePIN, gaming, zero-knowledge, and metaverse are integrating AI technology. Simultaneously, the integration of blockchain and AI is highly favored by capital and considered a major narrative of the new crypto bull market. According to a report released by Binance Research Institute, AI-related Web3 projects alone raised a staggering $298 million in funding in 2023, surpassing the total funding of AI projects from 2016 to 2022 ($148.5 million).
Amid increasing market attention, WELL3 by Yogapetz, a decentralized mind-body ecosystem combined with AI, recently announced securing over $5 million in funding through seed rounds and NFT sales. The investment institutions involved include Animoca Brands, Newman Group, and Soul Capital Partners, among others. WELL3 by Yogapetz is an innovative health platform aiming to provide users with personalized health experiences and incentives through blockchain and AI technologies.
Redesigning the health industry through the integration of blockchain and AI
"Our mission is to integrate health and technology, provide user-centric experiences, promote the balance of mind and body, and incentivize healthy habits through token rewards."
WELL3 is a wellness platform powered by AI and blockchain which expands the "X to Earn" model into people's health lives. Through a unique "Wellness to Earn" (W2E) model built with blockchain technology, WELL3 allows any user to earn WELL tokens by participating in yoga, meditation, and other activities. These WELL tokens can be used within the WELL3 ecosystem to access exclusive content, join health retreats, and enjoy a range of services aimed at enhancing user well-being. Additionally, WELL3 by Yogapetz offers unique digital collectibles, NFTs, which are not just assets but an essential part of users' health journeys on the platform.
In contrast to platforms focused on a single aspect of health, WELL3 offers a wide range of health activities that involve psychological, physical, and emotional aspects. By integrating blockchain technology and introducing token-based incentives, WELL3 overcomes geographical and economic barriers, thereby increasing user engagement in mind-body health. It attracts more Web2 users to participate in the Web3 world, ensuring sustained user involvement.
Furthermore, WELL3 utilizes machine learning and natural language processing techniques to develop a personalized AI smart companion. This AI companion provides tailored health advice, guidance, and even background music based on users' preferences, mood and needs. It not only monitors users' health data but also offers customized fitness plans, meditation guidance, and nutritional recommendations. Through continuous interaction and learning from users, the AI companion gains insights into user preferences and effectiveness, enabling more personalized and effective health advice.
In the future, WELL3 will further develop and enhance the AI Yogapetz companion, including its application on mixed reality headsets like Apple Vision Pro. It will focus on personalized user interactions, health and emotional support, and provide user-oriented training to ensure that the AI companion meets the diverse needs of society.
Building multidimensional competitiveness from application scenarios to community development
In the fast-paced and innovative era of Web3, the core competitiveness of projects goes beyond technology itself. Creating differentiation through multiple avenues is crucial.
As Web3 continues to merge with real-life (IRL), more and more projects are expanding into real-life applications. Apart from being used for platform functions such as NFT upgrades, task platforms, and prop upgrades, WELL3 tokens can also be used in real-world applications integrated with wellness resorts, adding practical value. Currently, 20 resorts across 8 countries accept WELL payments. In the future, WELL3 plans to continuously improve platform functionality and user interfaces based on market feedback and evolving user needs. It will expand the scope of available health activities and resources while exploring collaborations with health-related enterprises to expand token use cases and increase real-world application.
Moreover, WELL3 simplifies blockchain technology, lowering the entry barrier for users. Whether they are seasoned experts or novice players, they can experience and participate in the product with low-to-no threshold. The introduction of blockchain technology also ensures high standards of privacy and security for user behavior and data.
WELL3 places great emphasis on community building and boasts high market participation and retention rates. Strong community development has become a sustainable driving force for Web3 project growth and brand building. Since its establishment in March 2022, Yogapetz has rapidly developed a vibrant and loyal community.
To date, Yogapetz has accumulated over 630,000 followers on Twitter and has more than 200,000 members on Discord. It also has around 5,000 NFT holders. Since the launch of its WELL3 application's beta version at the end of last year, the number of users on opBNB has grown rapidly, reaching 650,000 users and 380,000 unique wallet addresses in just over a month. Additionally, there are approximately 150,000 daily active wallets, indicating the platform's popularity and engagement.
According to the project plan, WELL3 will also strengthen continuous community involvement through interactive activities, challenges, and rewards, fostering a supportive and collaborative environment within the user community. At the same time, WELL3 will increase its brand marketing efforts to enhance market penetration and brand awareness by participating in various events, such as NFT Paris — the largest NFT event in Europe. Panel discussion which involves prominent industry figures such as Adrian Lai, the founder of Newman Group, Billy So, the founder of SOUL Capital, and Yat Siu, the founder of Animoca Brands, will be held to discuss blockchain and artificial intelligence.
From infrastructure to the application layer, AI technology injects new vitality and innovation into the cryptocurrency market, opening up vast opportunities for the industry's new development curve. Positioned at the forefront of the intersection of blockchain and AI, WELL3 brings more possibilities to the development of the health industry.
WELL3: https://well3.com