In a bid to address the security gap for both current and potential collectors of non-fungible tokens (NFTs), Web3 payment provider Wert and insurtech service Avata have launched a new NFT warranty service.
The NFT market has been growing at an exponential rate, with several high-profile sales making headlines in recent months. However, concerns have been raised regarding the security of these assets, with many collectors worried about the potential for theft or loss.
The new warranty service from Wert and Avata aims to alleviate these concerns by providing collectors with a safety net in the event of theft or loss. The service will allow collectors to insure their NFTs against a range of risks, including theft, loss, and damage.
According to Wert CEO Stefan George, the new service is designed to provide collectors with peace of mind, knowing that their valuable assets are protected. “We believe that NFTs have the potential to revolutionize the art world, but we also recognize that there are risks involved,” he said. “Our new warranty service is designed to address these risks and provide collectors with the security they need to invest in this exciting new market.”
The new warranty service is just the latest example of the growing interest in NFTs and blockchain technology. As more and more companies explore the potential of this emerging technology, it is likely that we will see further innovation in the space in the coming months and years.
While the NFT market is still relatively new, it is already attracting a lot of attention from investors and collectors alike. With the launch of this new warranty service, it is clear that companies are taking the security of these assets seriously, and are willing to invest in innovative solutions to address the risks involved.
Overall, the new warranty service from Wert and Avata is a positive development for the NFT market, and is likely to provide collectors with the peace of mind they need to invest in this exciting new asset class. As the market continues to evolve, it will be interesting to see what other innovations emerge to address the challenges and opportunities presented by this emerging technology.