Universal Health Token (UHT) secures $1.2M in pre-seed funding, with support from Animoca, Polygon, and Tezos. UHT aims to incentivize healthier lifestyles using blockchain and gamification.
By Eliza Crichton-Stuart
Updated September 12th 2024
Updated September 12th 2024
Universal Health Token (UHT), a gamified healthcare platform, announced a successful pre-seed investment round, raising $1.2 million. The round was led by prominent investors such as Animoca Brands, Polygon Ventures, KGeN, and the Tezos Foundation. Developed by the community-backed Force of Good Foundation (FoG), UHT aims to transform global health and wellness through the integration of technology and incentives.
The platform is designed to promote healthier lifestyles by rewarding users with exclusive benefits such as NFTs, event access, and discounts on health products. Its unique approach combines blockchain and gamification to tackle the growing challenge of chronic diseases, which are a leading cause of death worldwide. UHT's mission is to encourage sustainable healthy behaviors that benefit both individuals and society.
Gamified Healthcare Platform Raises $1.2 Million
Universal Health Token (UHT) is a gamified healthcare platform focused on promoting healthier lifestyles through incentives. By rewarding users for making healthy choices, UHT aims to tackle the global health crisis posed by chronic diseases. The platform leverages blockchain technology and gamification to create immersive experiences that motivate individuals to prioritize preventive healthcare.
Among UHT’s notable backers is Animoca Brands, a leader in digital entertainment and blockchain. With its deep expertise in gamification and a broad network, Animoca Brands is positioned to help drive UHT’s growth and success in the wellness space. Yat Siu, Co-founder and Executive Chairman of Animoca Brands emphasized the importance of decentralization and preventive healthcare, stating that UHT represents a pioneering approach to addressing global health challenges through blockchain technology.
“The Universal Health Token is a project at the confluence of decentralization and preventive healthcare. The integration of gamification in health initiatives represents a pioneering approach to addressing some of the most pressing challenges in global healthcare. We support and share UHT’s vision of leveraging blockchain technology to create immersive digital experiences and achieve meaningful real-world outcomes.”
Yat Siu, Co-founder and Executive Chairman of Animoca Brands
Polygon Ventures and the Tezos Foundation are also key investors in UHT, each bringing their expertise in blockchain development to the platform. Jean-Frédéric Mognetti, Executive Director of the Tezos Foundation, praised UHT for its innovative approach to incentivizing healthy behaviors and highlighted its potential to create real-world impact through technology.
“Incentivizing healthy choices demonstrates the positive impact that technological progress can have on the well-being of people in their day-to-day lives. The Tezos Foundation is proud to support the pioneering healthy behavior enhancement program of Universal Health Token.’’
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A significant partnership in UHT’s ecosystem is with GOQii, a leading smart health and fitness app. Founded by Vishal Gondal in 2014, GOQii has a track record of success in preventive healthcare, with over 5 million downloads and nine years of helping users lead healthier lives. GOQii is the first app to integrate UHT, offering users gamified incentives to achieve their health goals.
By using UHT, GOQii’s users can track their progress and earn rewards, such as discounted health products, exclusive NFTs, and event access. This partnership exemplifies the convergence of health and technology, providing data-driven insights and personalized coaching to help users on their wellness journeys.
Vishal Gondal, CEO of GOQii, expressed enthusiasm for the collaboration, noting that the support of prominent investors reinforces the shared vision of creating a transformative experience for users through health gamification.
“The support from such prestigious investors as Animoca Brands, Polygon Ventures, and Tezos Foundation reinforces our companies’ shared values to move beyond health gamification and drive transformative change, creating an inclusive, rewarding, and fulfilling experience for all."
Chronic diseases account for a majority of deaths worldwide and place a significant economic burden on healthcare systems. According to the World Health Organization (WHO), seven of the top 10 leading causes of death are linked to chronic conditions, driving governments to spend a growing portion of GDP on healthcare.
UHT is positioned to address this crisis by promoting long-term healthy behaviors through incentives. The platform encourages users to prioritize preventive healthcare, a critical step in reducing the prevalence of chronic illnesses. As the global wellness industry is expected to grow from $4.7 trillion in 2021 to $12.9 trillion by 2031, UHT is uniquely placed to capitalize on this trend and reshape the health and wellness landscape.
UHT’s vision of creating a healthier society aligns with the growing focus on preventive healthcare. By offering individuals incentives to make healthier lifestyle choices, the platform seeks to reduce the burden of chronic diseases and improve overall well-being. Agastya Samat, Director of the Force of Good Foundation (FoG), stated that UHT aims to change the way society views health and wellness.
Through the collaboration of key partners, including Animoca Brands, Polygon Ventures, KGeN, and GOQii, UHT is positioned to drive meaningful change in global healthcare. With its innovative approach, UHT has the potential to create a paradigm shift toward proactive, rather than reactive, healthcare. More information is available here.
updated:
September 12th 2024
posted:
September 11th 2024