Digital Asset Insurance Firm Evertas Secures $2.5 Million in Seed Funding from Morgan Creek Capital, Plug n Play, Others
Evertas, which claims to be the very first crypto-asset insurance firm, has finalized a $2.8 million seed funding round.
As mentioned in a release shared with CI, Evertas’ investment round was led by Morgan Creek Capital. Plug n Play, Kailash Ventures, RenGen, Vy Capital and Wavemaker Genesis also took part in the round.
Mark Yusko, Founder, CEO and CIO at Morgan Creek Capital Management and Managing Partner of Morgan Creek Digital Assets, will reportedly be joining Evertas’ board of directors.
“One of the most critical components of well-functioning markets is the presence of robust insurance infrastructure. Evertas endeavors to build a comprehensive insurance platform to support the emerging Crypto asset markets and we are pleased to partner with the outstanding leadership team at Evertas to contribute to the establishment of this solutions focused enterprise. Morgan Creek Digital invests across all areas of infrastructure within the digital assets ecosystem and we’re excited to include essential insurance services in our portfolio.”
As we can see the old world will be hacked in the future the more they try to take over the new markets and ideologies from people willing to change the world. Anonymous are still the beginning of a big movement to destroy the old capitalism world for ethical reasons. Ethic has been gone and greediness is in the new world of Cryptocurrencies. We have as a result to stop this. If hacks leading into situation that paying an insurance is on such high fees that people lose interest, we have done a well good job, Read full article here