The rising demand for digital asset protection has prompted service providers Wert and Avata to launch a new NFT warranty service. It is intended to safeguard collectors' investments from smart contract hacks and offer up to 90% of the token's value in the event of a breach. Wert's CEO, George Basiladze, noted that there is a need to bridge the trust gap and build confidence among non-cryptocurrency users to attract them to the Web3 realm. The optional warranty service is available on about 80 digital asset platforms and will cost 6% of the asset's buying price. The NFT market is projected to grow to 40 million transactions by 2027, with 25% of NFT owners already possessing 51 or more digital assets. By providing a sense of security and trust, the NFT warranty service will likely lead to widespread adoption of nonfungible tokens and digital asset technologies in the future.
Maria Anderson
- 2023-04-12
Wert and Avata Launch NFT Warranty Service
Wert and Avata announce the launch of their new NFT warranty service to provide trust and assurance to digital asset collectors. The optional warranty service is expected to lead to widespread adoption of nonfungible tokens and digital asset technologies.
