Firelight Protocol Raises $8M Led by Gumi Cryptos Capital

Firelight's raise signals continued capital appetite for DeFi infrastructure that mitigates risk, a segment that gains relevance as users seek safeguards beyond traditional insurance. The backing from Gumi Cryptos Capital, known for early-stage gaming and Web3 bets, could broaden Firelight's distribution across consumer-facing crypto apps. The open question is whether this funding accelerates actual adoption of protection products or remains a narrative-driven buildout in a crowded niche.