Day By Day, a trailblazing startup, has announced its revolutionary platform offering hyper-personalized, on-demand Real World Asset (RWA) insurance utilizing the cutting-edge capabilities of Web3 technology. This world-first service allows customers to insure their personal assets, ranging from technology gadgets to luxury items, for specific time frames and against particular events, all enabled by the power of blockchain.

Founded by tech veteran Bill Angelidis following a flood incident that revealed the inefficiencies of traditional insurance, Day By Day aims to transform the industry by introducing transparent, instant, and customer-centric insurance solutions built on the Algorand and Polygon blockchains.

Democratizing the insurance industry

Day By Day’s platform is unique in utilizing NFTs as insurance policies and leveraging DeFi protocols and smart contracts for underwriting, allowing users to own insurance policies and to invest in underwriting—reaping rewards from the premiums paid.

Hyper-personalization at the forefront

Tailoring insurance policies to individual needs, Day By Day empowers consumers to insure specific assets for designated periods through a simple app interface. Imagine securing insurance for your laptop, surfboard, and watch directly from your mobile phone as you embark on a week-long camping trip—that’s the innovation Day By Day brings to the table.

Strategic expansion and fundraising

As a global SaaS platform, Day By Day generates revenue through premium sales, NFT policy transactions, a marketplace for NFT trading, customized insurance policies, and the sale of its DBD Token. Currently, the company is seeking to raise $1.5 million AUD to expand its product range into travel and health insurance and to launch operations in Singapore for the South East Asian market.

Navigating the future with Web3 and AI

Operating in the Web3 domain and transacting exclusively in digital currency, Day By Day is focusing on offering protection in the digital age. The company is set to enhance its offerings by incorporating instant claims processing through AI and smart contracts.

About Day by Day

Day By Day is the world’s first Web3/AI powered Insurance Platform for RWA (Real World Assets). Using NFTs as policies and DeFi for underwriting, we have built the engine that will democratize, decentralise and disrupt the existing insurance industry while providing an option for the uninsured globally. Personalised, on-demand insurance globally is now possible without intermediaries.