UnoRe ensures Apex to become the world’s first Insured node project

04/22/2022

2 minutes read

2022.04.22 15:31

Apex, a Nodes-as-a-Service (NaaS) provider, announced a first of its kind partnership with UnoRe, a decentralized insurance and reinsurance platform. UnoRe committed to build customized insurance policies for Apex, making them the world’s first insured node project. UnoRe will also be using Apex’s node infrastructure for their insurance platform.

Apex will play an important role maintaining UnoRe nodes. Having in place tools and infrastructure, Apex will help setting up and managing the nodes connected to the blockchain, making the UnoRe platform more secure and reliable.

“We are delighted to welcome Apex to our partner ecosystem. Our partnership will benefit the users of both sides as both platforms aim for maximum security and reliability. We are looking forward to building a decentralized future together.” — Jaskanwar Singh, CEO and Co-founder of Uno Re

UnoRe has committed to creating a custom insurance policy for Apex, which ensures protection of the nodes as well as the infrastructure itself. UnoRe will be insuring the Apex Nodes smart contract and an insure with UnoRe feature will be included in the Apex Node dApp dashboard.

“I’m incredibly inspired about our partnership with UnoRe,” – said Tom Barr, CEO of Apex. – “As someone who worked in insurance for over two decades, I know how much value it will add to our node holders. UnoRe is an incredible partner, and we are looking forward to building a decentralized future together.”

Apex and UnoRe teams are excited about the upcoming partnership, and they already have other projects lined up. UnoRe will be ensuring ApexBridge, which is currently under development and set to be launched at the end of Q2. Insurance of ApexSwap, another upcoming Apex protocol, is also under development with UnoRe. More details will be announced soon…

What is UNORe?

UnoRe is the world’s first decentralized insurance and reinsurance platform, built on the Polkadot blockchain, making it easy for users to benefit from trading and investing in the reinsurance market. Powered by an AI-based algorithm, the platform allows users to buy coverage for any assets held in their wallets.

UnoRe’s mission is to make it accessible for regular users to invest in the reinsurance market, as traditionally it requires high capital to invest. Company also plans to allow the community to propose new insurance solutions to drive the future of insurtech.

What is Apex?

Apex is a true Node as a Service (NaaS) protocol built on the Avalanche blockchain, and offers developer tools and infrastructure to set up and manage the nodes connected to the network.

Apex is dedicated to empowering Web 3.0 infrastructure through nodes operating across a variety of blockchain. Apex deploys nodes for a wide range of blockchains and empowers these networks by increasing the decentralization and security of these blockchains including Arweave, Avalanche, Ethereum, and the Bitcoin Lightning Network. Apex Nodes have a 100% uptime, infinitely scalable and instantly available.

Apex Nodes Official Launch Date is the 29th April 2022.

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04/22/2022

2 minutes read