[PRESS RELEASE – Please Read Disclaimer] AMULET, a new DeFi (decentralized finance) insurance Protocol for rust-based ecosystems, has successfully raised $6m in its first funding round. The seed round is led by gumi Cryptos Capital, joined by Republic Capital, Solana Ventures, DeFiance Capital, Animoca Brands, UOB and Signum Ventures, Mirana Ventures, NGC, Longhash, Signum, SevenX Ventures Digital Strategies, CMT Digital, Matrixport Ventures, a41 Ventures, Solar Ecofund, Daedalus Angels, Cobo Wallet, Re7 Capital, and a few ecosystem partners such as Serum and Acala Network.
Amulet is being built with a vision of simple, reliable insurance for everyone in Web3. The solution will be the first built on the Solana network and has been supported by Solana Ventures, who are also investors in the project.
In the past year, Solana TVL (Total Value Locked) has been growing faster than Ethereum (ETH) but there is currently no native insurance protocol. Amulet is the first. Amulet utilises Sola
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