Active driving = Passive rewards

• Most of us are familiar with the concept of passive income, but passive NFT collecting? Earn them simply by driving around in your car with this app. 
• To create safer roads and smarter cities, that’s what 500-backed insurtech company YAS MicroInsurance has set up for their users across the US, Europe, Canada, Malaysia, Vietnam, Japan, Korea, and Hong Kong. The team launched the beta version of YAS Mobility, or YASMO, a blockchain-powered drive-to-earn platform.
• YASMO records trips in real-time and incentivizes safe driving habits with tokens that can be redeemed at partner brands and merchants.
• Data collected on driving patterns, behavior, and vehicle performance (especially for electric vehicles (EVs)) contribute to better insights for the servicing and insurance sectors. And fret not — YASMO keeps users’ driving data secure.
• The benefit: Insurers can more accurately price risk, leading to lower insurance costs for car owners. Personalized insurance products with comprehensive details on each driver can be created, resulting in better protection for the driver.
• “We believe the app will revolutionize the way people view driving and are thrilled to see the positive impact it will have on our communities.” said William Lee, Co-founder of YAS Group Limited.
• Read the full story here.