Genesis Shards partners with dART to provide insurance to GenTicket NFTs
Genesis Shards and dART 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
“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
“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 ! ”
— Reda S, dART
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About dART
You’ve probably heard that famous artist Beeple recently sold an NFT collection for almost $70 million. However, this is just the beginning. NFTs are here to stay and will continue to grow. It’s great being able to enjoy NFTs in your collection, but it’s much better to also have the opportunity to earn from them. Unfortunately, there are always people who want to steal (or in this case, hack) something beautiful, rare, and valuable — this is where dART comes in.
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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