* Everytime a white bubble appears $100 gets stolen.
Based on official estimations.
About 4 months ago I was invited to participate and become a private investor in a centralized crypto insurance project. While discussing with their team I kept on thinking to myself - if you could prevent theft from happening in the first place, your assets would be safe. Thus, there would be no point in the insurance.
And then it struck me, an idea causing me to completely lose focus on what was being discussed by those present within the call. As a developer I have worked on different DeFi projects in the past, however, I've never thought of or seen anything that would be this impactful to crypto - the opportunity to protect digital assets, nearly $1 Trillion, all whilst staying decentralized.
Immediately after the presentation finished, I called Kazeo. A trusted friend who was present during that call, also invited as a private investor. I knew this would grab his attention, as we have spoken in the past about different phishing scams and other clever ways attackers use to steal funds from people's wallets. We both know people who fell victim to malicious attacks, as I am sure many of you do. This unfortunate reoccurring phenomenon has become more common throughout DeFi.
The solution - a brand new token standard with an integrated decentralized anti-theft mechanism.
Within 5 days he packed his bags and got on a flight from the USA to Romania, working with me ever since. Later on, Dev Nero and Graphic Designer Tina, both of which I have known for many years joined us. Working with the team so far has been a great pleasure, and I look forward to the many others that join along the way.
For those who wonder if I invested in the crypto insurance project - I didn't - I truly believe that what we will accomplish here with SafeAssets will make projects like these become obsolete.