Bittensor, a decentralized artificial intelligence (AI) protocol, has joined forces with digital asset insurer Native to unveil a $25 million onchain insurance program for its network users.
Bittensor Introduces $25M Onchain Coverage to Protect Network Participants
This article was published more than a year ago. Some information may no longer be current.
WRITTEN BY
SHARE
$25M Onchain Coverage Now Available for Bittensor Stakers
Designed by Native in partnership with Team Rizzo, a top-tier validator on Bittensor, the coverage combats smart contract vulnerabilities—from coding errors to malicious exploits—with meticulous precision. The announcement shared with Bitcoin.com News notes that the collaboration pioneers the fusion of regulated insurance frameworks with onchain safeguards, creating an industry-first model for blockchain security.
Nominators delegating TAO tokens to the Rizzo Validator gain complimentary access to the policy. Enrollment requires only wallet registration via Rizzo.Network, with coverage administered through Native’s syndicate on Nexus Mutual. The platform, renowned for its transparent onchain processes, has resolved high-profile claims across decentralized finance.
Frank Rizzo, Team Rizzo Co-Founder, stressed the imperative of shielding stakeholders, declaring, “Our goal is to create an environment where all participants across the Bittensor network can engage with confidence, knowing their assets are secure.”
The $25 million policy serves as an initial phase, with protections poised to expand alongside the validator’s growth. Dan Ross, Native’s Co-Founder, framed the alliance as a cornerstone for fostering trust in digital assets, calling it “essential for sustained innovation and broader adoption.”
This effort reflects mounting demand for advanced security protocols in blockchain ecosystems, enabling participants to interact with heightened assurance in their asset safety.
