FairSide Network
FairSide Network is a Detroit-based crypto-insurance protocol selling self-custody theft coverage to individual cryptocurrency holders via a 1.95% annual membership that spans 13 blockchains, NFTs, DeFi, and RWAs under one policy.
- Company typePrivate
- Founded2021
- HeadquartersDetroit, United States
- Headcount11–50
- GTM typeB2C
- OfferingSoftware
What FairSide Network does
FairSide Network is a private crypto-insurance protocol headquartered in Detroit that offers theft and scam-loss coverage to individual cryptocurrency self-custody holders. Founded in 2021, the company sells a single Wallet Coverage Membership priced at 1.95% of the desired coverage amount per year, with four standard tiers (Essentials at $2,500 coverage, Plus at $5,000, Pro at $10,000, and Max at up to roughly $21,000) plus a custom 1-100 ETH tier. A single membership covers up to 10 wallets across 13 blockchains — including Bitcoin, Ethereum, Arbitrum, Avalanche, Base, Blast, BNB Chain, Optimism, Polygon, Solana, Sonic, TON, and Abstract — and protects BTC, ETH, 1,000+ altcoins, memecoins, NFTs, DeFi positions, and tokenized RWAs against malicious transactions, address poisoning, and (at higher tiers) malware. Coverage scope is restricted to assets pre-approved at the time of theft.
The underlying architecture combines on-chain transparency with traditional insurance-style risk modeling. Members contribute to a shared capital pool using bonding-curve mechanics, claims are processed on-chain, and a community governance vote ratifies claim decisions with payouts targeting 48-72 hours and a 90% reimbursement ratio (10% Personal Responsibility Amount). The investigation layer is built on third-party forensics: Elliptic for wallet screening, Chainalysis for compliance monitoring, ChainAbuse for scam intelligence, and SEAL-ISAC for cross-verification; smart-contract security has been audited by Sherlock.xyz and Consensys Diligence, with VAPT handled by Chainthreat, and KYC is delegated to Synaps.
Distribution is fully digital and product-led: users onboard in roughly 30 seconds at app.fairside.io by connecting wallets and paying the membership fee, and coverage is also embedded inside Revoke.Cash (DeFi's most-used wallet-approval security dApp) and CommonWealth. Marketing is concentrated on crypto-native channels (Discord, X, Telegram) and a security-ambassador program. The company closed a $4.2 million seed/early staking round in November 2021 with participation from Alameda Research, Dominance Ventures, Jump Capital, Figment Capital, Kosmos Ventures, Laser Digital, NOIA Capital, Yield Ventures, TRGC, Big Brain Holdings, and Daedalus Angels; no subsequent financing has been disclosed.
FairSide Network firmographics
Firmographics- Name
- FairSide Network
- Website
- https://fairside.io
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- FairSide Network is a Detroit-based crypto-insurance protocol selling self-custody theft coverage to individual cryptocurrency holders via a 1.95% annual membership that spans 13 blockchains, NFTs, DeFi, and RWAs under one policy.
- Ownership category
- akta.pro rank
FairSide Network industry classification
Industry- Product category
- Crypto Insurance
- NAICS
- Insurance Carriers (5241)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Decentralized Insurance / Coverage Protocols (FSADAMAI)
- akta.pro secondary industries
- Blockchain Analytics & Transaction Monitoring (FSADALAB), Compliance, Risk & RegTech for Tokenized Assets (KYC/AML, sanctions, travel rule, reporting) (FSAPAIAH)
Keywords
Where FairSide Network is headquartered
LocationHeadquarters
- HQ city
- Detroit
- HQ country
- United States
- HQ region
- North America
Markets served
FairSide Network business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure, Others
Revenue model
- Membership Fees: Primary revenue stream. Users pay an annual fee of 1.95% of their desired coverage amount for year-round theft protection. For example, $3,000 coverage costs $58.50/year.
- Capital Pool Deposits: Dynamic reserve that grows through member participation and bonding curve mechanics. Deposits ensure network can meet claims and scale sustainably. Excess capital may be returned to members as yield.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Essentials: $2,500 coverage for $4.07/month |
| Subscription | Monthly | Plus: $5,000 coverage for $8.10/month |
| Subscription | Monthly | Pro: $10,000 coverage for $16.20/month |
| Subscription | Monthly | Max: Custom coverage at $34/month for $21,192 |
| Subscription | Annual | Custom Coverage: 1-100 ETH coverage |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
FairSide Network product offering
Product offeringCore offering
FairSide Network sells a decentralized, blockchain-based crypto insurance membership that reimburses up to 90% of losses from wallet theft, malicious transactions, address poisoning, and malware. A single membership covers up to 10 wallets across 13 blockchains (Bitcoin, Ethereum, Arbitrum, Avalanche, Base, Blast, BNB Chain, Optimism, Polygon, Solana, Sonic, TON, and others) for 1.95% of the chosen coverage amount per year. Claims are investigated using on-chain forensics (Elliptic, Chainalysis, ChainAbuse) and decided via community governance, with payouts typically processed within 48-72 hours.
Product overview
FairSide Network offers a unified crypto wallet coverage platform that combines traditional insurance principles with Web3 technology. The core product is the Fairside Wallet Coverage Membership, which provides tiered protection plans (Essentials, Plus, Pro, Max) against crypto theft including malicious transactions, address poisoning, and malware. The membership operates on a cost-sharing model with a 1.95% annual fee and 90% payout coverage. A complementary Claims Processing Service enables members to file and receive payouts through a streamlined digital process. All plans cover assets across multiple chains including Bitcoin, Ethereum, Solana, and 10+ other blockchains, with support for NFTs, DeFi, and RWAs.
Differentiator
Problem solved
Functional benefit
Products and services
- Fairside Wallet Coverage Membership Self-serve crypto theft protection membership that reimburses up to 90% of losses from malicious transactions, address poisoning, and malware, with one membership covering up to 10 wallets across 13 blockchains at 1.95% of the chosen coverage amount per year. Designed for individual self-custody crypto holders, including 1000+ tokens, memecoins, NFTs, DeFi, and RWAs, with pre-approved assets and on-chain claims governance.
- Claims Processing Service Streamlined six-step claims process (submit claim, pay claim fee, KYC verification via Synaps, on-chain investigation using Elliptic, Chainalysis, and ChainAbuse, follow-up, and council review) that delivers payout decisions and disbursement of up to 90% of stolen assets within 48-72 hours for Fairside members.
Quantifiable outcome
- 90% of stolen crypto is reimbursed to members
- +3 more outcomes
Companies that use FairSide Network
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles2 records
FairSide Network technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability3 records
Feature5 records
FairSide Network partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core.
- Revoke.CashcoreIntegration partner. Fairside coverage can be purchased directly within Revoke.Cash, DeFi's most trusted security dApp for managing wallet approvals. Users get protected without leaving the platform.
- Consensys DiligencecoreSmart contract auditor. Conducted security audits of Fairside's smart contracts as part of the company's security ecosystem.
- Sherlock.xyzcoreSmart contract auditor. Conducted security audits of Fairside's smart contracts. Sherlock.xyz specializes in Web3 security auditing.
- EllipticcoreBlockchain forensics partner used by Fairside's investigations team to perform on-chain analysis, trace fund movements, and confirm transactions. Powers the wallet screening and investigation process.
- ChainalysiscoreCompliance and monitoring partner. Provides real-time compliance and blacklist monitoring tools to track stolen funds and prevent laundering within the claims process.
- SynapscoreKYC and privacy partner. Handles KYC verification for claims processing. Fairside never stores personal information - Synaps keeps it private unless fraud is suspected. Fee is as low as 0.00195 ETH.
- ChainAbusecoreScam intelligence partner. Helps identify reported scam addresses and cross-verify incidents with community intelligence during claims investigation.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
FairSide Network competitors and assessment
Company assessmentBroad incumbents
- Coincover: Centralized crypto-asset protection and insurance provider for wallets, exchanges, and custodians. Comparable end-user value proposition (theft/loss protection) but via traditional insurance backends rather than on-chain cost-sharing.
- Evertas: Specialty insurer focused on cryptoasset and decentralized-finance insurance, including theft and cold-wallet coverage. Comparable offering for institutional and high-net-worth self-custody users, but via traditional underwriting rather than a tokenized pool.
Emerging players
- OpenCover: DeFi insurance marketplace/issuer that lets users buy cover for smart-contract and exchange risks with on-chain claims. Emerging peer that overlaps with FairSide on on-chain transparency and claims philosophy.
- Risk Harbor: Algorithmic, on-chain insurance protocol covering smart-contract exploits and oracle failures. Emerging peer with adjacent product surface and similar crypto-native claims and pricing infrastructure.
- Unslashed Finance: Decentralized insurance protocol offering coverage for smart-contract, stablecoin, and exchange risks via pooled capital. Emerging peer with similar decentralized capital-pool mechanics, though narrower in coverage scope.
- Tidal Finance: DeFi-native insurance aggregator/issuer on Polygon enabling flexible cover creation and pricing via dynamic bonding curves. Emerging peer with overlapping architecture (bonding-curve capital pool) but different asset-class focus.
Direct peers
- Bridge Mutual: Decentralized p2p insurance platform allowing users to provide coverage or buy protection on smart-contract and stablecoin risks via BMI tokens. Direct peer in the decentralized-insurance category with similar community-governed claims philosophy.
- Nexus Mutual: Decentralized insurance protocol offering cover for smart-contract and DeFi risks via NXM tokens and community governance. Closest direct competitor to FairSide on the decentralized-insurance model, though Nexus Mutual historically focused on protocol-level rather than wallet-level theft coverage.
- InsurAce: Multi-chain decentralized insurance protocol providing portfolio cover for smart-contract exploits and exchange hacks. Direct peer in product category (DeFi/crypto insurance) with overlapping cross-chain ambitions.
Others
- Sherlock: Web3 smart-contract auditing and bug-bounty platform that is also a FairSide audit partner. Adjacent enabler — not a direct competitor — but materially comparable because Sherlock itself has begun offering coverage-style products via Sherlock Markets, intersecting with the insurance space.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks7 records
Key highlights7 records
Customer concentration
FairSide Network social profiles
Digital presenceFairSide Network compliance and trust
Trust signalCompliance3 records
FairSide Network financial estimates
Financial estimateRevenue estimate
Valuation estimate
FairSide Network leadership team
Management profileNumber of profiles
Profiles4 records
FairSide Network funding detail
Funding detailFunding overview
Funding rounds1 record
Investors7 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
FairSide Network M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about FairSide Network
What does FairSide Network do?
FairSide Network sells a decentralized, blockchain-based crypto insurance membership that reimburses up to 90% of losses from wallet theft, malicious transactions, address poisoning, and malware. A single membership covers up to 10 wallets across 13 blockchains (Bitcoin, Ethereum, Arbitrum, Avalanche, Base, Blast, BNB Chain, Optimism, Polygon, Solana, Sonic, TON, and others) for 1.95% of the chosen coverage amount per year. Claims are investigated using on-chain forensics (Elliptic, Chainalysis, ChainAbuse) and decided via community governance, with payouts typically processed within 48-72 hours.
Is FairSide Network a public or private company?
FairSide Network is a private company. It is classified as venture growth investor backed and is currently operating.
When was FairSide Network founded?
FairSide Network was founded in 2021. It employs 11 to 50 people.
Where is FairSide Network based?
FairSide Network is headquartered in Detroit, United States, in the North America region.
How does FairSide Network make money?
Two revenue lines are on record. Membership Fees are the primary driver. The others are capital Pool Deposits.
Who are FairSide Network's main competitors?
Broad incumbents on record are Coincover and Evertas. Emerging players are OpenCover, Risk Harbor, Unslashed Finance and Tidal Finance. Direct peers are Bridge Mutual, Nexus Mutual and InsurAce. Sherlock is listed as an others.
Does FairSide Network have an API?
No public API is recorded for FairSide Network.
What industry is FairSide Network in?
FairSide Network's product category is Crypto Insurance. Its primary akta.pro industry code is FSADAMAI, Decentralized Insurance / Coverage Protocols, with a secondary code of FSADALAB, Blockchain Analytics & Transaction Monitoring. Its NAICS code is 5241 and its SIC code is 6199.