Netvrk Partners with UnoRe to Insure the Metaverse
Netvrk is excited to partnership with UnoRe, the world’s first decentralised insurance and reinsurance platform on the blockchain. Netvrk is a metaverse built on the blockchain that allows enables to monetize their creations via NFTs and Virtual Land. Together, Netvrk and UnoRe will provide insurance products to the community, in a metaverse environment.
Users of the metaverse will be protected against any potential vulnerabilities that could affect their assets in the metaverse itself.
With every purchase of different units of virtual currencies, tokens, and digital assets used for transactions within the metaverse, players get proof of their purchase in the form of a special token or an NFT — NFTs or tokens, powered by smart contracts — which are essentially vulnerable to an abundance of unforeseen frauds/hacks.
In addition to the above-mentioned, we also aim to provide insurance to smart contracts behind your avatar, that is an extended version of yourself, your assets that include your weapons, your house, your means of commute etc — just as the range of assets you hold within your choice of metaverse is limitless, as is Uno Re’s ability to custom-curate safeguards for these virtual valuables!”
Jaskanwar Singh, CEO and Co-Founder of Uno Re:
“We are delighted about this partnership as it’s another big step for Uno Re towards the metaverse. Netvrk, with its powerful creation tools and infrastructure that easily allows users to create, share, experience, and monetize their creations, opens the door for millions of investors. And we at Uno Re are thrilled to be part of this tremendous project by making sure that every user’s commodity gets insured.”
Uno Re is the world’s first decentralised insurance and reinsurance platform, allowing the community to invest and trade in ‘risk’ and receive sizable returns on their investments in one of the safest asset classes in the world. The platform will break barriers to entry for the retail investor by doing away with the historic pre-requisite of absurdly high capital generally needed to invest into the market while also introducing much-needed transparency into the industry as a whole.
Netvrk is a metaverse, with powerful creation tools and infrastructure to easily create, share, experience, and monetize creations. With a focus on gaming, education and virtual workplaces, built around ownership of virtual land and assets.