Aptos: strategic investment to advance blockchain and AI in healthcare

The Aptos Foundation has made a strategic investment in Universal Health Token (UHT), the innovative team behind the Proof-of-Health protocol. The goal is to support and advance blockchain and AI in global healthcare solutions. 

Aptos and the investment in Universal Health Token: blockchain and AI at the service of healthcare

The Aptos Foundation has made a strategic investment in Universal Health Token (UHT), to support and advance blockchain and AI in global healthcare solutions. 

While on one hand the amount of the investment has not been disclosed, on the other it seems that Aptos is joining other major Web3 funds such as Animoca Brands, Polygon Ventures. 

Such support aims to reflect the recognition by the industry of UHT’s ambitious goals and its potential for social impact.

In this regard, Ash Pampati, head of the ecosystem at Aptos Foundation, stated: 

“The UHT team is combining AI-driven health monitoring with blockchain to power incentives and transform the way people take care of their well-being. We are excited to see such innovative real-world applications built on Aptos that have real potential to transform public health outcomes”

Aptos for decentralized healthcare

The investment in UTH is part of the Aptos Foundation’s focus on supporting real-world applications built on Aptos.

At the same time, the heart of UHT’s mission is the reimagining of health incentives. 

In practice, by integrating intelligenza artificiale (AI), behavioral science, and blockchain, UHT aims to empower individuals to take ownership of their health data, incentivizing preventive health actions. 

The model addresses one of the most persistent problems in healthcare: the lack of alignment between institutional incentives and patient outcomes, and it connects to the principles of the decentralized science movement (DeSci).

Aptos therefore joins this mission of UHT. In this regard, Agastya Samat, founder and CEO of UHT, said:

“The investment by Aptos Foundation in UHT represents an innovative moment for decentralized healthcare. With Aptos’ cutting-edge blockchain infrastructure and our experience in incentivized healthcare engagement, we are able to redefine the way people interact with healthcare, making it more personalized, data-driven, and community-centered.”

Bitwise and the application for spot APT ETF

At the beginning of March, Bitwise submitted its application to the United States Securities and Exchange Commission (SEC) for the issuance of a spot ETF on Aptos. Now, it is up to the SEC to decide its fate.

Aptos is a level 1 blockchain, with its native crypto APT landing on the bull and bear crypto markets in October 2022. 

At the time of writing, APT is in the 30th position in the crypto ranking by market capitalization, with a total market cap of 3.2 billion dollars. 

The price of APT is $5.30, in a dump of -12% over the last seven days, somewhat like the general trend of the main crypto. 

In January 2023, APT reached its ATH in price, surpassing $18. Until today, that threshold has not been touched again.