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May 25, 2022
Over the past few years, we have seen Cryptocurrency, blockchain technology and Decentralized Finance (DeFi) develop from a niche corner of the internet into mainstream technology. Within the realm of blockchain, DeFi, Non-fungible tokens (NFTs) and Cryptocurrency mining, we classify these assets as “digital risks,” and will be referred to as such collectively throughout. In 2021, digital risks grew in valuation at an exponential pace, as NFTs, the Metaverse and staking all added more intrigue and ways for a wide array of participants to engage in this rapidly burgeoning industry. With governments, corporations, investors and retail all looking to capitalize on this new form of commerce, the industry continues to experience growth and new entrants continue to pour into the space.
To learn more about the latest trends in the world of insurance and risk management for crypto companies, please read the latest edition of Markets in Focus :: Crypto.
The views and opinions expressed within are those of the author(s) and do not necessarily reflect the official policy or position of Parker, Smith & Feek. While every effort has been taken in compiling this information to ensure that its contents are totally accurate, neither the publisher nor the author can accept liability for any inaccuracies or changed circumstances of any information herein or for the consequences of any reliance placed upon it.