Neptune Mutual is a cover protocol that enables users to purchase cover policies to protect their digital assets from hacks and exploits. The protocol uses parametric cover as opposed to discretionary insurance. It has an easy and reliable on-chain claim process. This means that when incidents are confirmed by our community, resolution is fast and payouts to all cover policyholders are guaranteed.
Gillian Wu, Co-Founder
Genesis Block Ventures
Alphabit Digital Currency Fund
Pacific Century Group
OKX Blockdream Ventures
Neptune Mutual Raises Strategic Round, Led by Animoca Brands, to Build Decentralized Cover Protocol for the Metaverse
“Neptune Mutual uses parametric cover models to protect user funds from exploits of cryptocurrency exchanges, custody providers, smart contracts, and also metaverse projects. Unlike discretionary mutuals, Neptune Mutual’s parametric cover products provide guaranteed payouts to policyholders following incidents based on unbiased, on-chain resolution by NPM governance participants.”