The play-to-earn health platform has closed its oversubscribed seeding round by some of the largest venture capital firms in the crypto industry.
The funding round aims to support Health Hero’s P2E game called Go! Which urges people to exercise by rewarding them for their progress.
According to the news release, Health Hero has secured its initial seeding round which will help the development of the play-to-earn well-being game, and give users around the world a chance to earn crypto by exercising and staying healthy.
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#HealthIsWealth: @GoHealthHero, global health insurance disrupter & creator of the #web3 #PlayToEarn health game, receives backing from Animoca Brands in its latest funding round alongside @0xPolygon, @iotex_io, Welltech Ventures & other VC’s.
Read more: https://t.co/ZUSVpPlniO pic.twitter.com/FMj5TCBK9X
— Animoca Brands (@animocabrands) March 30, 2022
Health Hero’s seed round was raised by several crypto-focused VC firms including Animoca Brands, Polygon, Sequoia Capital Scouts, Blockchain Founders Fund, One Planet VC, IoTex, etc.
Managing Partner at the Blockchain Founders Fund Aly Madhavji spoke on the investment into Health Hero’s blockchain initiative, claiming that the app will educate people on Web3 technologies, and, at the same time, help them stay in shape.
Likewise, CEO of Health Hero Anthony Diaz chimed in with insight into the future of the project, stating:
“With our blockchain game API, we seek to involve the game and developer community around the world to launch twenty other Health Hero companies over the next year where any country around the world can have their own ‘Play-to-earn health’ service. We plan to incubate and accelerate these businesses as well.”
The way the P2E wellness app will work is it will allow users to connect their accounts to some of the best known fitness applications like Apple Health, Google Fit, and Fit Bit. Health Hero’s app will offer rewards for completed challenges, and, for every 100K steps, the app will provide users with reimbursments for food.