Hottest DeFi Insurance Project: Mega Meta Insurance

by Cloud PR Wire January 22, 2023

Decentralized Finance, or DeFi, has recently emerged as a hot topic in the insurance industry. The crypto industry is inundated with articles attempting to explain what DeFi is. Although the DeFi community rarely mentions insurance, it is one industry that has a significant opportunity to provide investors with confidence and protect their assets. Insurance is a risky finance industry that necessitates methods and strategies to protect businesses from risk. The industry is currently worth billions of dollars and is riddled with shady practices.

Is DeFi Insurance necessary?

As a result, DeFi insurance is more than just a necessity for many investors in the DeFi space today. Investors can explore different types of packages with customizable options and flexible liquid coverage. You can think of insurance in DeFi as a favorable strategy for hedging risk and safeguarding against events beyond investor’s control. However, it is also important to reflect on the feasibility of the premium for insurance in DeFi.

Mega Meta Insurance (MMI) has been in the forefront of the effort to offer “DeFi insurance,” with billions of dollars in capital at risk and much more money on the way. MMI is a crowdsourced, smart contract-based insurance alternative that was developed on Binance.

In order to support the Metaverse and its derivative businesses, MMI Insurance entered the global market and unveiled a digital asset protection plan. This allowed customers all over the world to enjoy the substantial benefits of technology finance without having to worry.

Global technology innovators can grow in a secure environment with the help of MEGA META INSURANCE (MMI), a unique and comprehensive insurance ecosystem service solution. MMI uses a risk-sharing pool as an insurance mechanism, which is run by community members who own MMI tokens and cast votes on the veracity of certain claims. It is a mutual-aid insurance programme that members co-finance and share risk for.