Cover image
FEB 28, 2024

Backpack announces $17 million in funding

by Hh7A..KUG8, Jennifer Greg

If you have no Idea of what this news represents or how to maximize it, make sure to read. I have also stated out possible opportunities here too. WAGMI or YNGMI, it's up to you!
Here’s what you should know about backpack

“The Backpack ecosystem of companies, creators of the Backpack wallet, the Mad Lads NFT collection, and Backpack Exchange, today announced the first joint closing of their $17 million strategic Series A round at a $120 million combined valuation. The round was led by Placeholder VC, with participation from a select group of other strategic investors including Hashed, Robot Ventures, Amber Group, Wintermute Ventures, Selini Capital, Delphi Digital, and founders of leading web3 ecosystems such as Solana, Tensor, Jito, Zeta, Marginfi, Drift, Monad, Galxe, and other influential supporters worldwide.” 

Posted by Financewire on February 28, 2024

That brings us to what is Backpack? And what to do with the provided information.

The Backpack wallet is a non-custodial wallet. Along with the standard functions of a wallet, such as buying, selling, and holding cryptocurrency, Backpack allows interaction with and is considered the wallet for executable non-fungible tokens or xNFTs.
Backpack Exchange is a fully licensed cryptocurrency exchange operating globally that innovates to offer both novice and seasoned web3 users an engaging, enjoyable, and simple-to-use trading platform.
There’s rumours that they’ll probably pull a $Jup, as a result of it’s recent announcements and ongoing referral program and plus subtle hints on the exchange platform.
See announcement tweet
See announcement tweet
What to do?
  • Download exchange and register
  • Deposit/withdraw tokens
  • Trade
  • REFER!
  • Download non-custodial wallet
  • Explore the ecosystem
To comment, please sign in.
Article has no comments yet.