OpenCover, a decentralized insurance provider catering to cryptocurrency and Web3 platforms, has officially launched on Base. The company has also received support from Coinbase through the Base ecosystem funding program. In addition, it has raised $4 million in a seed round led by NFX and Jump Crypto. OpenCover aims to provide decentralized insurance solutions for the growing crypto and Web3 industries, which are currently experiencing a surge in demand. With funding and support from industry leaders, OpenCover is well-poised to make a significant impact in the insurance sector.