As blockchain expands into various industries, it increasingly complements the wellness and data sectors by enabling users to take control of their health data. While global interest in health wearables continues to rise, a key issue persists: users often lack true data ownership and miss out on rewards for their health activities. CUDIS, a portfolio company of Morningstar Ventures, aims to bridge this gap by redefining data ownership and engagement in the wellness space.
CUDIS has developed an AI-powered smart ring and health app that not only tracks and manages health data but also empowers users to monetize and share it responsibly. Setting itself apart from competitors like Oura, the CUDIS ring provides real-time incentives and personalized insights through an AI coach and app. Additionally, the app is accessible to all, ensuring everyone can benefit from its wellness features, regardless of ring ownership, while promoting a more empowered approach to personal health management.
This month’s review delves into the CUDIS ring and app, the project’s growth path, its team, and how it integrates wearables with blockchain technology. It also provides an in-depth analysis of the project’s strengths and potential challenges.
What is Cudis: Ring, App, and Partnerships
Since its official product launch in April 2024, CUDIS has rapidly emerged as a trailblazer in the health and wellness industry. With over 15,000 rings sold and approximately $4 million in revenue, the project has cultivated a thriving community of 100,000 members across more than 100 countries.
At the heart of CUDIS’ innovation is its smart ring, developed by BeatBit Wellness Lab, which positions itself as a Web3-driven alternative to popular wearables like the Oura and Samsung rings. Leveraging Decentralized Physical Infrastructure Networks (DePIN), the CUDIS ring empowers users to monetize their anonymized health data, which is reintegrated into the ecosystem to enhance personalized wellness insights.
The collected data is encrypted and securely stored on IPFS, indexed on the Solana blockchain, ensuring privacy and transparency. This anonymized information fuels the creation of customizable AI modules that deliver actionable insights into users’ mental and physical health.
CUDIS has built a robust ecosystem of products and services, including:
• CUDIS Ring: An advanced smart ring designed to track vital health metrics and sports activities, delivering personalized insights through an integrated AI coach.
• CUDIS App: A user-friendly platform accessible to all, enabling wellness tracking, data management, and personalized recommendations for improved health.
• Partnerships: Strategic alliances with global health and tech innovators to expand its impact and accelerate adoption.
By combining blockchain technology with wearable innovation, CUDIS is reshaping how individuals engage with their health while fostering a community-focused approach to data ownership and wellness.
The CUDIS ring is the centerpiece of the ecosystem, tracking over 30 sports activities and monitoring vital signs such as blood oxygen, HRV, RHR, temperature, sleep, and stress. Paired with the CUDIS app, its AI coach delivers personalized insights, making health management seamless and user-friendly.
In a short time, the app has achieved:
• 60K downloads
• 4M+ heartbeats tracked
• 300K workout sessions
• 1B+ steps logged
• 1M+ health tips delivered
A key feature of the ecosystem is the CUDIS Data Network, which connects data from the CUDIS ring and 70+ other wearables. It empowers users to trade and monetize their health data securely, challenging exploitative practices.
Recently, CUDIS introduced its “Data to Earn” function, enabling users to mint health data as NFTs, earn points, and fully own their digital health footprint.
Recent Launches and Strategic Partnerships
CUDIS has established impactful partnerships with prominent organizations, including UCLA Athletics, the Italian GT Championship, various Padel and Fitness events, and Web3 leaders such as World and Solana Mobile. These collaborations showcase CUDIS’ commitment to bridging the gap between the blockchain ecosystem and mainstream industries.
One standout initiative is CUDIS’ partnership with UCLA Athletics, where the brand secured in-game signage at a high-profile basketball game. This not only expanded CUDIS’ visibility beyond the blockchain and Web3 space but also positioned it as a rising name in mainstream sports and wellness circles.
By aligning with renowned institutions and tapping into diverse sectors, CUDIS is accelerating its global presence, engaging wider audiences, and solidifying its reputation as a leader in wellness innovation powered by blockchain technology.
Team and Fundraising
Edison Chen founded CUDIS alongside a dynamic team of entrepreneurs with deep expertise and prior experience at industry-leading companies like Google, Samsung, Microsoft, Binance, NextHealth, Nike, and Equinox. With roots in the crypto space dating back to 2016, the founding team has a proven track record of successful ventures and exits, uniquely positioning them to lead CUDIS in revolutionizing health data ownership and engagement.
Over time, CUDIS has expanded its team, bringing together a diverse group of professionals united by a shared passion for integrating blockchain technology into the wellness industry. This multidisciplinary team combines technical expertise, creative innovation, and strategic vision to push the boundaries of Web3-driven health solutions.
In September 2024, CUDIS secured $5 million in a highly successful funding round led by Draper Associates, with strong support from Skybridge, Penrose, SNZ, Mozaik, NGC, Foresight Ventures, OGBC, Monke Ventures, DraperDragon, Block Patch, and Morningstar Ventures. The round also saw participation from notable individual investors, including Sean Carey (Helium & Borderless), Kalin Stoyanchev (Render Network), Andrew Chatham (Dimo), Adam Jin (Solana Foundation), and others.
This funding injection is a critical step toward scaling CUDIS’ operations, with plans to deliver over 1 million smart rings within the next 18 months. The capital will be directed toward expanding the company’s reach, accelerating product development, and further establishing a consumer-focused Web3 wellness ecosystem. With its strong team and robust financial backing, CUDIS is well-equipped to redefine how individuals engage with their health data.
What’s Next for Cudis
CUDIS plans to expand its AI coaching and gamification features in the coming years while strengthening its decentralized infrastructure. This includes introducing open APIs, developer tools, and grants to foster health-focused innovation. Within the next 2 to 3 years, CUDIS is targeting one million users on its platform by partnering with leaders in the wellness and medical industries and supporting AI and DeSci projects to transform health-related breakthroughs into practical, impactful solutions.
As AI continues to evolve, fueled by the need for quality data, CUDIS aims to inspire individuals to recognize the value of their health data. By encouraging people to prioritize their well-being, the company seeks to help reduce healthcare costs, lower stress levels, and improve overall quality of life.
Learn more about Cudis
🌐 Official website: cudis.xyz
🐦 Official Twitter: x.com/CudisWellness
🕹️ Discord channel: discord.com/invite/cudis
✍️ Blog: medium.com/@CudisWellness
App IOS: apps.apple.com/us/app/cudis/id6479181363
App Android: play.google.com/store/apps/details?id=io.beatbit.cudis
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