Indian health platform GOQii snaps up $10M to develop its well being metaverse

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Indian health expertise firm GOQii has scored one other $10 million in an prolonged Sequence C fairness funding spherical from Hong Kong-based recreation software program and enterprise capital agency Animoca Manufacturers.

This time, the funding will help the event of its well being metaverse, in keeping with a press assertion.

Based in 2014, GOQii is a well being tech firm that provides a wearable health tracker and a companion cell app. It additionally offers well being teaching and insurance coverage and operates a well being market.

WHAT IT’S FOR

The metaverse ecosystem that GOQii is constructing can be powered by a digital token programme the place customers can be rewarded with a digital token for his or her wholesome behaviours and for finishing gamified health actions. 

These tokens, the corporate mentioned, can be utilized to buy services and products, purchase non-fungible tokens or NFTs, and take part in particular occasions and recreation modes. NFTs, specifically, may be transformed right into a blockchain-based cryptocurrency for transactions on platforms outdoors the GOQii ecosystem, a information report famous.

The tokens are additionally an extension of the corporate’s GOQii Money. First launched in 2018, the GOQii Money may be redeemed on the GOQii Well being Retailer, a well being market with over 200 manufacturers and greater than 6,000 merchandise, corresponding to wholesome snacks, dietary supplements, and health gear.

The GOQii metaverse is focused to be launched worldwide within the subsequent 12-24 months. 

WHY IT MATTERS

The upcoming GOQii metaverse provides to the various methods the Indian folks may be actively concerned in managing their well being, which is without doubt one of the main goals of the not too long ago launched Nationwide Digital Well being Mission. The Indian authorities intends to additional the digitisation of its well being system by means of the NDHM, which can construct the foundations of the nation’s digital well being infrastructure. 

“GOQii’s Metaverse is dedicated to driving innovation throughout the healthcare business, as the corporate seeks to deal with the advanced challenges of healthcare accessibility and affordability,” the corporate mentioned.

THE LARGER TREND

It was solely early this yr that the hype round metaverse, a community of 3D digital worlds, has come to the healthcare business. 

The Emirates Well being Companies in Dubai introduced in January that it has began piloting what could possibly be the world’s first healthcare metaverse platform. Referred to as MetaHealth, the platform offers a digital world for the well being professionals in Dubai’s three main hospitals. Sufferers who’re unable to bodily go to a clinic or hospital can entry this platform by means of a cell system.

Final month, Singapore-based healthcare agency Meta Well being mentioned it is going to enter the metaverse ecosystem of Aimedis, a medtech firm from the Netherlands that constructed the digital Aimedis Medical Metropolis. Their partnership will see Meta Well being’s telemedicine platform 5Digital embedded into Aimedis’ digital medical metropolis the place session notes, in addition to well being information from IoT medical units, can be saved on the blockchain.

Weeks in the past, robotics startup NexStem started rolling out its brain-computer interface (BCI) headset and software program throughout Asia-Pacific, Europe, and the US. The corporate mentioned it’s exploring the usage of circumstances of BCI in digital actuality, psychological well being, and on a regular basis functions to additional make people part of the metaverse. 

In the meantime, GOQii’s newest funding from Animoca provides to the $50 million it raised in a financing spherical in February, which proceeds can be deployed to broaden its insurance coverage and digital therapeutics choices.



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