8. Insurance

An NFT insurance policy can provide crucial financial protection for NFT owners, collectors and sellers against various risks such as loss, theft, or damage. However, it's important to emphasize that the success of NFT insurance largely depends on the availability of an accurate and reliable price discovery mechanism.

That is the reason why our Pricing Algorithm is of great importance in determining the value of an NFT. This is a key factor in determining the terms and conditions of an insurance policy. Without a robust price discovery mechanism, it may be difficult to accurately assess the value of an NFT and provide adequate coverage.