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Hello reader,
I recently paid my insurance premiums for the year, and my wallet is having a good cry right now. Insurance is one of those things you pay for that you hope to never utilize, but you need to have it for peace of mind.
There’s insurance for all sorts of things nowadays – life, hospitalization, travel, gadgets, the list goes on. There’s even crypto insurance, which I didn’t even know existed until recently.
Crypto insurance protects investors from hazards in exchange for premiums, something that’s certainly risen to attention given recent events in the industry. It’s a pretty nascent space with many hurdles in its way, but it’s got lots of potential.
Today we look at:
- The prospects for crypto insurance in the aftermath of Terra and Celsius
- Animoca Brands’ investment into a South Korea-based Web3 gaming startup
- Other newsy highlights such as this former TikTok exec’s newest venture and potential layoffs at Ola
— Stefanie
P.S: We know things are tough out there. In this climate, we’re keeping track of the layoffs happening across Asia’s startup ecosystem. You can help us maintain this list by sending in any information on job cuts and affected employees.
We’ve also unlocked our hiring tracker to give you a better view of the current landscape and opportunities in the ecosystem.
Premium summary
In the name of safety and security
Image credit: Timmy Loen
The crypto world is going through some tough times. Bitcoin prices have dropped to their lowest levels since 2020, several lending platforms have barred customers from withdrawing their assets, and a number of crypto firms, including Coinbase and BlockFi, have called for layoffs.
Against this climate, something new is rising to the forefront – crypto insurance.
More money for blockchain gaming
Quick bytes
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