Web3 Insurance + Options Derivatives Platform Marquee secures strategic investment of $1 million from Japanese research institution CGV and other institutions.
On July 24, Web 3 Insurance + Options Derivatives Project Marquee completed a seed round financing of $1 million. Japanese cryptocurrency research firm Cryptogram Venture (CGV) and other institutions participated in this round of investment.
Cryptogram Venture (CGV) is a compliant research and investment institution in the encryption industry based in Japan. With "research-driven investment" as its business orientation, it has participated in Republic, CasperLabs, AlchemyPay, The Graph, Bitkeep, Pocket, Powerpool, and early investments such as the Japanese government-regulated stablecoin JPYW. Currently, CGV has branch offices in Hong Kong, Singapore, Canada, and other regions.
Marquee Co-Founder Dr. Joe stated, "We are pleased to have the support of CGV and other well-known global encryption and Web 3 institutions. We share a common vision and great passion, dedicated to building the future generation of decentralized financial applications and ecosystems. CGV's professional investment research advantages in the encryption and Web 3 industries, as well as its diversified collaborative resources in Japan, Asia, and North America, will help Marquee achieve its expected goals faster and better."
Next, Marquee stated that with this funding, it will accelerate technological development and market promotion efforts to provide more breakthrough and innovative product solutions, and strive to create an innovative development situation in the insurance and options derivatives market.
Marquee is a Web 3 insurance + options derivatives project where users can purchase token price insurance or smart contract insurance to hedge against digital asset price fluctuations or security vulnerabilities. Users can also become insurance underwriters and gain multiple returns.
Marquee adheres to the spirit of decentralization, combining DAO governance with smart contracts, and strives to build a DeFi insurance + options derivatives platform that everyone can participate in.
