What is OpenCover?
Cover $5,000 from $2 per week on leading blockchain protocols. Available on Base, Arbitrum, Polygon, and Optimism.
Problem
Users face complicated and time-consuming processes to obtain insurance on blockchain protocols.
High costs of traditional insurance policies make them inaccessible for many users.
Solution
Web application offering insurance coverage on leading blockchain protocols like Base, Arbitrum, Polygon, and Optimism.
Users can easily cover $5,000 from just $2 per week, providing an affordable and efficient alternative to traditional insurance policies.
Customers
Crypto enthusiasts, blockchain users, DeFi participants, early cryptocurrency adopters.
Individuals seeking affordable and easy-to-access insurance solutions on blockchain platforms.
Unique Features
Affordable insurance coverage on prominent blockchain protocols.
Simple and quick insurance purchase process.
Targeting a niche market of blockchain users.
Utilizing the benefits of decentralized finance and blockchain technology for insurance purposes.
User Comments
Affordable insurance option on popular blockchain networks.
Easy to understand and purchase insurance policies.
Great alternative to expensive traditional insurance policies.
Provides peace of mind for blockchain platform users.
Efficient and reliable insurance coverage for crypto assets.
Traction
Growing user base attracted to the affordable insurance solution.
Positive reviews and feedback from satisfied customers.
Expanding coverage to additional blockchain protocols.
Continued development and enhancements to the platform.
Increasing awareness within the blockchain community.
Market Size
The global blockchain insurance market was valued at approximately $131 million in 2020.
With the increasing adoption of blockchain technology and decentralized finance, the market is expected to grow significantly in the coming years.
