The art world has witnessed a dramatic shift to the virtual space in the past few years, accelerated by the Covid-19 lockdowns. With millions of dollars changing hands and the ever-present threat of hackings, insurance protocols for the Non-Fungible Token (NFT) market may become a necessity in the near future.
With 98% of assets left without cover, DeFi insurance is a market ripe for growth
NFT hype has ended, but their emergence as an asset class highlighted the need for precautionary measures.