GOQii fitness platform India has raised $ 10M to develop its health metaverse

Indian fitness technology company GOQii has won $ 10 million in a Series C equity loan from Hong Kong sports software and business firm Animoca Brands.

In the meantime, the fund will support the development of its health metaverse, according to a press release.

Founded in 2014, GOQii is a health technology company that offers a usable exercise tracker and a companion phone app. It also provides health education and insurance and creates a health market.

HEAHA NO

The metaverse ecosystem that GOQii is building is powered by a virtual token program where users are paid with a virtual token for their health status and for completing physical activity activities.

These tokens, the company said, can be used to sell products and services, sell non-fungible or NFT tokens, and participate in special events and sports. NFTs can be converted, into a blockchain -based cryptocurrency for transactions on platforms outside the GOQii ecosystem, where the news is reported.

The awards also increase the company’s GOQii Cash. First launched in 2018, GOQii Cash can be purchased at the GOQii health store, a health market with 200 brands and more than 6,000 products, including healthy foods, supplements, and with physical stimulants.

The GOQii metaverse is expected to be released worldwide in the next 12-24 months.

Why it is

The upcoming GOQii metaverse combines many ways in which Indians can actively participate in taking care of their health, which is one of the main goals of the release. National Digital Life Mission. The Indian government hopes to increase the number of its healthcare system through NDHM, which will build the foundations of the country’s digital health system.

“GOQii’s Metaverse is committed to driving innovation in the health care industry, as the industry seeks to address the complex challenges of making health care available and accessible,” he said. the company.

THE GREAT WORK

It was only earlier this year that the hype around the metaverse, a network of 3D virtual worlds, came to the health care industry.

of the Emirates Health Services in Dubai announced in January that it has begun driving what could be the world’s first healthcare platform. Called MetaHealth, the platform provides a virtual world for health workers at Dubai’s three major hospitals. Patients who are unable to go to the office or hospital in person can access the facility via telephone.

Last month, the health care industry was established in Singapore Meta Health said it will be part of the metaverse ecosystem of Aimedis, a medtech company from the Netherlands that has built the virtual Aimedis Medical City. Their participation will see the Meta Health 5Digital telemedicine platform integrated into Aimedis health city where communication messages, as well as health data from IoT providers, are stored on the blockchain.

In recent weeks, robotics has begun NexStem has begun rolling out its digital-to-computer (BCI) headsets and applications across Asia-Pacific, Europe, and the US. The agency said it seeks to apply BCI cases to realism, mental health, and daily requests to re -create the person as part of the metaverse.

However, GOQii’s new investment from Animoca is combined with the $ 50 million raised in a fundraiser in February, which will be spent to boost its insurance and therapeutics offerings.

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