The Web3 reinsurance company Re has raised $14 million from investors such as Tribe Capital.
Now he's seeking to apply Web3 tools to make that industry, which is dominated by firms such as Munich Re and Lloyds of London, more accessible.
The company participated in Tribe Capital's crypto incubator, Tribe Crypto Labs, and its other investors include Defy, Exor, Stratos, Framework, Morgan Creek Digital, and SiriusPoint.
Cover started out as a search tool for insurance policies but then became an insurer in its own right.
Like other financial products, such as mortgages and loans, insurance policies can be bundled up and sold as securities.