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Should You Get NFT Insurance?

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With the evolution of the cryptocurrency space, insurance offerings are evolving as well.


Key points

  • All-time sales of non-fungible tokens (NFTs) have surpassed $23.3 billion since July 2017.
  • In Jan. 2022, the largest NFT marketplace in the world, Opensea, recorded single-month sales of more than $5 billion.
  • Coincover is the first company to offer NFT insurance.

The hottest trend within the cryptocurrency space continues to be NFTs. According to nonfungible.com, all-time sales of non-fungible tokens (NFTs) have surpassed $23.3 billion in revenue since July 2017 and the upward trend continues. In Jan. 2022, the largest NFT marketplace in the world, Opensea, recorded single-month sales of more than $5 billion.

But trends that attract a lot of money also tend to attract a lot of fraud…

Read more…

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