Wert and Avata Partner to Provide a Seamless Fiat-to-Crypto NFT Purchase Experience
In Brief
Payment solution provider Wert partners with Avata to offer a secure and seamless NFT purchase experience.
Collectors will receive first-of-its-kind protection when purchasing non-fungible tokens.
Payment solution provider Wert partners with Avata to offer a secure and seamless NFT purchase experience. Founded in 2020, Wert enables its customers to purchase non-fungible tokens directly from smart contracts. Individuals can pay by using credit cards without any need to swap funds in crypto. The company focuses on resolving fiat-to-crypto transaction failures that often occur due to users’ residence, location, and other reasons. The tool reportedly offers a 95% payment approval when purchasing NFTs with fiat currencies.
Avata is an ancillary service provider that offers customized insurance solutions to digital asset holders securely and cost-effectively.
Wert and Avata’s new feature offers customers first-of-its-kind protection when purchasing non-fungible tokens. It’s worth noting that the option will only be supported on platforms that leverage the checkout solution provided by Wert. The solution is currently used by over 80 marketplaces, including Rarible and KnownOrigin. eBay, which is developing its web3 strategy, has also recently acquired Wert’s solution.
Generally speaking, the partnership aims to provide NFT collectors peace while scaling the adoption of web3. The companies believe that security and smooth experience are the keys to the vast adoption of non-fungible tokens and crypto.
“We’ve always believed that mass adoption of NFTs will happen quickly when blockchain technology is neatly placed ‘under the hood’ and traditional services and options are weaved in. Until this partnership with Avata, the lack of warranty protection on NFTs, or any digital asset, was heavily holding the industry back in terms of security and growth. With Avata’s added warranty option to Wert’s seamless payment solution, customers will have peace of mind and experience a more seamless process within the blockchain space,” said the CEO and Founder of Wert, George Basiladze.
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About The Author
Valeria is a reporter for Metaverse Post. She focuses on fundraises, AI, metaverse, digital fashion, NFTs, and everything web3-related. Valeria has a Master’s degree in Public Communications and is getting her second Major in International Business Management. She dedicates her free time to photography and fashion styling. At the age of 13, Valeria created her first fashion-focused blog, which developed her passion for journalism and style. She is based in northern Italy and often works remotely from different European cities. You can contact her at [email protected]
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Valeria is a reporter for Metaverse Post. She focuses on fundraises, AI, metaverse, digital fashion, NFTs, and everything web3-related. Valeria has a Master’s degree in Public Communications and is getting her second Major in International Business Management. She dedicates her free time to photography and fashion styling. At the age of 13, Valeria created her first fashion-focused blog, which developed her passion for journalism and style. She is based in northern Italy and often works remotely from different European cities. You can contact her at [email protected]
