Marquee

Marquee operates a decentralized insurance platform, marquee.fi, designed to protect digital assets for users in both the Decentralized Finance (DeFi) and Traditional Finance (TradFi) sectors. Founded in 2022 and based in Dubai, UAE, the company offers products to hedge against volatility risk, smart contract vulnerabilities, and cyberattacks. It plans to introduce coverage for NFTs and parametric events in the future.

The company secured $1 million in a seed funding round on July 24, 2023, with participation from investors such as Cryptogram Venture (CGV), Chain Capital, Waterdrip Capital, Bitrise Capital, ZC Capital, and Coinw Ventures. Marquee's business model is centered on its Web3 insurance project, where users can purchase various types of insurance or act as underwriters to earn rewards. The platform is structured around a DAO (Decentralized Autonomous Organization) to ensure that asset control, distribution, and protection are not manipulated by any single entity. Key features include a 'Vault', which is a reserve of funds, and staking pools where users can stake the native MARQ token to earn a share of the platform's returns. Users can participate as liquidity providers, bonders, or stakers to generate returns.

The platform's co-founder is referred to as Dr. Joe, an economist in the UK specializing in monetary and token economics with extensive experience in financial consulting and regulatory advisement. The technical team includes individuals with backgrounds in the development of exchanges, public chains, and digital wallets since 2013.

Keywords: decentralized insurance, digital assets, DeFi, asset protection, Web3, cryptocurrency insurance, smart contract cover, volatility risk, DAO, token staking