Marquee, a Dubai, UAE-based Web3 insurance, options and other derivatives project, closed a $1mseed funding round.
Backers included Cryptogram Venture (CGV), Chain Capital, Waterdrip Capital, Bitrise Capital, ZC Capital, and Coinw Ventures.
Marquee is a Web3 insurance project where users can purchase token price insurance or smart contract insurance to hedge against digital asset price fluctuations or security vulnerabilities. Users earn multiple rewards by being insurance underwriters.
Marquee is committed to decentralization, utilizing a combination of DAO governance and smart contracts to create a DeFi insurance, options, and other derivatives platform, which is accessible to everyone.
The company will use the funds to accelerate its technological development and market promotion to provide more product solutions.
FinSMEs
03/08/2023