Insured Finance and DigiCol team up to give NFT holders Insurance Options
The non-fungible token (NFT) world is exploding. Over $6 million in NFTs were traded during this year’s Valentine’s day. Despite the market being worth over $250 million, the insurance possibilities for NFTs are virtually nonexistent.
That’s why Insured Finance will integrate with one of the leading NFT marketplaces, DigiCol. DigiCol is a one-stop shop to create and trade NFTs. Users of the platform can create NFTs in one-click and deploy them into a liquid marketplace.
It will now be possible for DigiCol users to secure insurance for their NFTs directly from their terminal. Insured Finance and DigiCol joining forces benefit both sides. DigiCol users will be able to cover their NFTs against various risks while the Insured Finance solution will become available to an even wider user base.
With NFTs attracting more eyeballs and interest rising, the ability to protect NFTs against risks will reach a new level of importance. NFTs are gaining mainstream attention with companies like Nike, Louis Vuitton, and Formula 1 driving commercial use cases. The collaboration between Insured Finance and DigiCol will ensure that NFT holders can protect their downside while the upside explodes.