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Three tangible risks that should make you consider NFT insurance

Blog Mar 24, 2022
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With record sales of non-fungible tokens (NFTs) on the rise, more and more investors are asking about NFT insurance. That makes sense, as digital assets are not a nickel and dime game – Entrepreneur Vignesh Sundaresan spent $69 million in 2021 on an NFT, and Twitter CEO Jack Dorsey sold his first tweet as an NFT for $2.9 million.

Investors should care about protecting their digital assets as much as their tangible assets, like property or antique cars. However, the technology of NFTs – and their intangibility – creates unique risks.

In this article, we discuss how technical problems, security risks and volatility would make NFT collectors strongly consider buying an NFT insurance solution.

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