Startup focus: Harnessing NFTs in the medical market

By Published On: March 19, 2022Last Updated: March 20, 2022
Startup focus: Harnessing NFTs in the medical market

SanoPass is a Romanian health tech platform that unifies and digitises access to health, in over 1,000 private clinics and 150+ gyms in Romania and Republic of Moldavia.

Through its national networks of partners, it last year recorded more than 10,000 medical services and 5,000 gym sessions each month, provided to its 50,000 subscribers and 30,000 users.

The latest step in its evolution, however, is to explore the possibilities of the metaverse – 3D worlds focused on social connection – and ‘web3.0’, the disruptive next phase of the web, driven by blockchain technologies, decentralisation and token-based economics.

The first stage of this exploration is the launch of a collection of non-fungible tokens (NFTs), SanoCubs, on the Romanian blockchain platform Elrond.

NFTs are non-interchangeable units of data stored on a blockchain that can be sold and traded.

Each of the 10,000 SanoCubs NFTs in the collection will be unique and, in addition to the digital art component, come bundled with a full subscription to medical and fitness services, plus content and rewards.

The SanoPass collection will be launched on April 1st with a pre-sale round exclusively for whitelisted community members.

In the second quarter of this year, SanoCubs NFT owners will receive a full subscription to medical and fitness services, as well as exclusive access to a premium platform based on content developed directly by doctors, fitness coaches, nutritionists and other health experts. In the second half of 2023, NFT holders will receive health tokens, with staking capability.

They will be able to pay for wellness services directly with this cryptocurrency.

Andrei Vasile, managing partner of SanoPass, said: “Implementing NFT-based technology will allow us to introduce the concept of smart contracting to the conservative medical market, provide a real-life utility for cryptocurrencies and create a community that prioritises wellbeing, whose members will get rewards for their healthy lifestyle and preventative medicine habits.

“Elrond’s technology now makes it possible for the wellbeing industry to move to the next level. The one in which people who choose to look after their health are rewarded with the same type of services – health and wellbeing.”

The subscription that comes bundled with each ‘health avatar’ will unlock a number of benefits that can be used in the largest network of wellbeing providers in Romania: 10 consultations of general and internal medicine, access to 100 fitness workouts, as well as telemedicine and AI-powered symptoms checker.

Felix Crișan, CTO Netopia and consultant in the SanoPass metaverse project, said: “I am delighted that blockchain technology is sought after by businesses from essential industries and that we can actively help our community, and also that we can lay the groundwork for a project that will eliminate the barriers between technology and the conservative medical market.

“The effervescence, utility and scalability of the SanoPass project make them a solid long-term partner for blockchain developers.”

SanoPass believes the use of blockchain will transform the medical and fitness system through decentralisation, providing instant access to specialists and information.

The concept of smart contracting will be implemented in wellbeing for the first time, and guaranteeing data security and confidentiality.

Community membership, neutrality and reward incentives are also key to SanoPass’s model in promoting a healthy lifestyle based on medical prevention, fitness and balanced nutrition.

Do you represent a health tech firm focused on NFTs, the metaverse and/or web3.0 generally? Send you stories and ideas to [email protected].

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