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Apr 27 β€’ 19 tweets β€’ 18 min read
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πŸ’°Amulet Raise NewsπŸ’°

Amulet (amulet.org) raises $6m in seed funding, led by @GumiCryptos!

We've created a 🧡 to highlight our investors! πŸ‘‡
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tl;dr:

πŸ‘Œ Amulet, the first Rust-based #DeFi insurance protocol raises $6m
πŸ‘Œ The seed round was led by gumi and joined by several others
πŸ‘Œ Amulet will initially deploy on @solana and will adopt a multi-chain strategy
πŸ‘Œ Amulet will offer insurance solutions for #Web3
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Amulet is delighted to announce the success of our seed funding. πŸ’Έ

Led by @GumiCryptos, the no.1 blockchain-focused VC firm with offices globally. gCC pride themselves on focusing exclusively on backing the BEST global entrepreneurs - also known as "Gumicorn Founders"
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@GumiCryptos has invested in the earliest stages of unicorns such as:
πŸ¦„ @opensea
πŸ¦„ @YieldGuild
πŸ¦„ @CelciusNetwork
πŸ¦„ @1inch
πŸ¦„ @QredoNetwork
πŸ¦„ @agoric
πŸ¦„ @vegaprotocol
πŸ¦„ @AstarNetwork

We're very proud that Amulet is officially a part of the #gCC family! πŸ™Œ
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β€œLately we’ve seen some epic hacks in cross-chain bridges. We appreciate the novel design of Protocol Controlled Underwriting and feel that this mechanism will become a standard way to mitigate some of the substantial risks in DeFi.”

@mikojava (MP - @GumiCryptos)
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Led by @GumiCryptos, our seed funding has been joined by some incredibly exciting investors. We're going to highlight some of those that have backed us!

πŸ’ͺ @_rcapital_ @RepublicCrypto - Republic is a growth-stage investment advisory focused on #web3, #fintech and #deeptech
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πŸ’ͺ @SolanaVentures - Solana Ventures has a mission to accelerate growth of @solana by providing capital to the most promising teams in the ecosystem

πŸ’ͺ @DeFianceCapital - DeFiance Capital is one of the most active #web3 + #crypto focused VC. Heavy focus on #GameFi + #DeFi
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πŸ’ͺ @animocabrands - Animoca Brands, a Delloite Tech Fast winner and leader in digital entertainment, blockchain and gamification.

πŸ’ͺ UOB - United Overseas Bank - a Singaporean multinational banking corporation with branches all over South-East Asia. Invested as part of...
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The UOB-Signum Blockchain Fund, a $USB fund with @Signum_Capital πŸ™Œ

πŸ’ͺ @Signum_Capital is a team of #crypto enthusiasts with complementary backgrounds and interdisciplinary perspectives.
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πŸ’ͺ@mirana – A VC firm specializing in investing in #DeFi entrepreneurs, projects and funds.

πŸ’ͺ @NGC_Ventures - NGC is one of the largest institutional investors in blockchain technology. They have been a key contributor to some of the best projects in #web3.
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πŸ’ͺ @LongHashVC - Long Hash is a venture fund & accelerator collaborating with founders to build their #Web3 model

πŸ’ͺ @SevenXVentures - SevenX specializes in investing in 7 verticals - #DeFi, #Layer2, #NFT, #Web3, @Polkadot ecosystem, Public Chain and Storage and POC
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πŸ’ͺ @CMTDigitalLtd - CMT digital is a division of CMT group focused on #blockchain and digital assets.

πŸ’ͺ @realMatrixport - Matrixport is Asia's one-stop digital assets financial services platform. Matrixport Ventures is the capital arm investing in #web3 innovators.
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πŸ’ͺ@a41_Ventures - a41 Ventures "the sidekicks of heroes building digital innovation." They invest in disruptive tech that they believe will lead the digital market.

πŸ’ͺ @SolarEcoFund - Solar Eco Fund is a leading VC firm on @solana. We're part of their 50+ portfolio
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πŸ’ͺ @daedalus_angels - Daedaulus Angels are founders helping other founders. More than just a #web3 angel collective

πŸ’ͺ @Cobo_Wallet - Cobo is a Singapore-based #crypto asset management platform aiming to accelerate #DeFi
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πŸ’ͺ @Re7Capital - Re7 Capital provides liquidity into #DeFi to shape tomorrow's financial ecosystem.

We've also been backed by some ecosystem partners including @ProjectSerum and @AcalaNetwork πŸš€
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Receiving this backing shows that our mission is valuable to the mass adoption of #Web3

Amulet is being built with the simple vision of providing simple and reliable insurance for everyone!

The hacks aren't going away and we need to protect as many people as possibleπŸ›‘οΈ
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Amulet will bridge the gap by providing insurance services for #DeFi and the wider world - #GameFi, #Metaverse and the wider #web3 space.

Being backed by such prestigious organizations provides us with the support to make this a reality in the fastest time possible.
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β€œI am extremely excited to be leading the launch of Amulet. We’ve built an incredible team and aim to build a powerhouse community driving the adoption of web3 while protecting your risk." @MET4BE4R (Project Lead)

Read more here πŸ‘‰ – amulet.org/blog/amulet-th…
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With this news, we expect many questions πŸ€”

Our Core Team - @MET4BE4R, @overcryptocal, @jimmyfarmhands and @shin_chihiro are available on our Discord channel! We have an #AMA this time tomorrow!

Take this opportunity to chat directly with us πŸ‘‰discord.gg/eJswxwj5x3

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More from @AmuletProtocol

Apr 20
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What's Amulet? πŸ€”

Amulet is a decentralized insurance platform designed for Rust-based ecosystems, starting with @solana

Amulet has designed an innovative and open insurance model to address common #DeFi insurance challenges and create a paradigm shift for the whole sector
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Amulet is creating the industry's 1st Protocol-Controlled Underwriting (PCU) approach to combat fleeting capital

Amulet will build its own underwriting capabilities and introduce multiple layers of claims buffers to safeguard staked capital while providing claim payouts
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Our vision is to offer simple, reliable insurance for everyone in #Web3, with the enjoyed elements of #DeFi πŸ™Œ

With Amulet, users in the entire #Rustbased ecosystem will gain access to a new way to hedge various risks with our insurance product offerings
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