dART partners with Genesis Shards to provide insurance to GenTicket NFTs
dART and Genesis Shards will collaborate to enable insurance access for Gen Ticket NFTs
As NFTs grow in size as an asset class — there is a rising need for the ability to insure against risks. dART aims to make NFT insurance easily accessible to all crypto users. dART will be the first platform allowing its users to insure their NFT assets, already securing partnerships with NFT exchanges to implement their platform.
At Genesis Shards, NFTs are the driving force behind its GenTicket DeFi option product — and we see a natural synergy between our project’s vision and that of dART.
With great passion and excitement for the future of NFTs, Genesis Shards and dART have a common goal to not only make NFTs more dynamic and secure but overall create solidify core value in the space.
The scope of the collaboration will be as follows
- dART will provide access to insurance for the Gen Ticket NFTs;
- Any future NFT DeFi option baskets from GenShards will have access to dART insurance offerings;
- GenShards and dART will explore synergies between NFT projects on both ecosystems — NFT projects that are part of the GenShards ecosystem will be able to avail insurance from dART, projects in the dART ecosystem will be able to take advantage of the GenShards access, ecosystem and mentor partners.
Genesis Shards are bringing about a paradigm shift when it comes to creating a market for DeFi options on NFTs. We are happy to be offering our industry-leading NFT insurance to the cutting-edge GenTicket NFTs !!
dART
We’re glad to have found a partner like dART where both of our offerings are aimed at adding value to the NFT space, albeit in different but very synergistic ways. We look forward to this exciting collaboration and to carry the NFT space forward, together !
Nilotpal Mukherjee, Genesis Shards Co-founder
About dART
dART is the first decentralized platform built to protect against hacks and exploitations of NFTs. With NFTs evolving from an obscure digital asset to a global phenomenon, generating hundreds of millions of dollars of trading volume per month, dART offers discretionary insurance to protect the value of NFTs. NFTs from artists such as Beeple have sold for $69 million; with such expensive assets in a highly unregulated and decentralized ecosystem, taking out insurance coverage is the only way to guarantee the safe keeping of your asset. In the case of any malicious activity that results in the loss of your NFT, you are fully covered.
dART will be launching on Binance Smart Chain to capitalize on its functionality, ease of use, and large user base. With extremely fast transaction speeds and low transaction costs, dART will add a highly accessible additional level of security for all NFT collectors and investors.
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About Genesis Shards
Genesis Shards is a decentralized ecosystem powered by Polkadot redefining NFTs as DeFi options, creating a permissionless environment of interchain liquidity for pre-IDO tokens. By wrapping time-locked fungible tokens into NFTs, Genesis Shards is creating a new marketplace for previously illiquid tokens.
The next major steps in Genesis’s journey will be announced soon ! Keep an eye on this space for updates.
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