Coral raises $20 million in aim of building Backpack, a wallet for executable NFTs

Coral raises $20 million dollars in funding for the development of an executable NFT wallet, "Backpack"

Coral has raised $20 million dollars in a funding round led by FTX and Jump Crypto venture’s in aim of building “Backpack”, a wallet for executable non-fungible tokens.

Backpack aims to decentralize the UI layer within the experience of NFTs, starting with the wallet.

Backpack will launched Sept. 26 in a beta phase. Since then, ten of the largest projects on Solana have already started developing projects through it’s technology. Including Magic Eden, Wormhole, Solend, and developer framework Anchor

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Further read:

• https://www.coral.community/post/wtf-are-xnfts

• https://fortune.com/crypto/2022/09/28/coral-raises-20-million-ftx-ventures-jump-crypto-backpack-wallet/