Avata Launches Innovative Cancel For Any Reason (CFAR) Insurance Solution for Modern Travellers

Empowering Travellers with Flexible and Efficient Coverage

Avata and Sleap.io Introduce Game-Changing CFAR Program

An exciting partnership between Avata, a leading InsurTech company, and Sleap.io, a Web3 travel platform, has resulted in the creation of a revolutionary “Cancel For Any Reason” (CFAR) insurance solution. This innovative program, powered by the L1 Camino Network, offers unprecedented flexibility, efficiency, and security for travellers in the decentralized landscape.

Swift and Seamless Protection for Bookings

City NFT Holders Receive Exclusive CFAR Coverage

The CFAR program, now live, provides City NFT holders with up to 500 USDT in coverage for non-refundable bookings made through Sleap.io. With coverage increasing based on the number of NFTs held, travellers can enjoy smart contract-powered on-chain InsurTech solutions that offer near-instant stablecoin payouts, eliminating traditional waiting periods and documentation hassles.

Redefining Travel Insurance for the Digital Age

Avata and Sleap.io Spearhead the Future of Travel Protection

Through seamless integration with Sleap.io and the Camino Network, Avata’s CFAR solution removes intermediaries, streamlines the claims process, and ensures a fully on-chain experience for travellers worldwide. This new standard in travel insurance simplifies cancellation processes and provides peace of mind wherever travellers may go.

Expanding Reach and Enhancing Traveller Protection

Collaboration Within the Web3 Travel Community

The collaboration between Sleap, Avata, and the Camino Network exemplifies the potential of Web3 technology in providing secure, efficient, and flexible insurance solutions for modern travellers. As the CFAR program expands to a wider user base, Avata’s on-chain protection will continue to redefine travel insurance for the decentralized traveller.

About Avata

Avata is a pioneering InsurTech company focused on integrating insurance solutions in the digital and tokenized asset space. With a mission to secure the digital economy, Avata offers tailored insurance products for owners and merchants across Web2 and Web3 environments, safeguarding assets against a range of risks.