$20 million for NFTs: FTX innovates with this new fundraiser

The iPhone of NFTs, really ? – The NFT are, in the collective imagination, images protected by blockchain technology. But more and morevarious uses grow, ranging from video games to the metaverse but also at the tokenization of works of art. Today we are going to discover that they can also be “the launch key” of one application reserved for the sole owners of the NFT in question and that a wallet new generation could be a kind ofinterface original which would bring together all of its applications. Welcome to the world of xNFT !

FTX Ventures and Jump Crypto raise $20 million…

Before concretely developing what is hidden behind these mysterious xNFT, it is appropriate to return to Caesar what is his. So here are the partners that will enable the implementation of this new portfolio based on Solana. And as soon as we talk about Solana, we see FTX and its investment branch appear. FTX Ventureswho co-led the fundraiser with Jump Cryptothe crypto subsidiary of Jump Trading.

Among the investors who responded, there is Multicoin Capital, Anagram or K5 Global. And all this little world bet on society Coral who will therefore develop the first interactive portfolio for Executable NFTs – the “x” of xNFT for “executable”. Back Pack (the name of this wallet) will work on Solanabut not only… Since September 26, the beta version is available to the general public. But BackPack community members on Discord have priority access.

The official announcement of the launch of this new generation wallet – Source: Twitter

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…to develop a wallet for very special NFTs

But what is it exactly? Let’s speak to Armani Ferrantethe founder of Coral who details the particularities of his BackPack:

“Backpack serves as a native system, analogous to the iPhone. It allows people to use and interact with apps natively and securely. Backpack aims to decentralize the ‘user interface’ part starting with a wallet. »

He continues enthusiastically in a media American:

“We are excited to launch an incremental improvement to how users in the Solana ecosystem interact with protocols and smart contracts. xNFTs make the crypto experience smoother. It will require fewer steps and give projects the power to create more personalized experiences for their communities. »

10 of the most important projects on Solana plan to develop BackPack’s xNFT technology. We find the NFT Magic Eden marketplace, the Wormhole inter-chain bridge or the Solend decentralized finance protocol.

And that’s just the beginning, as the apps seem so big. Indeed, much like the mini programs on WeChat, the xNFT are a portal to applications, games or assets built on any blockchain. And users will be able to access it all from one place: BackPack.

Ramnik Aroraproduct manager at FTX, talks bluntly about the “moment of launch of web 3 iPhone with xNFT as app, xNFT marketplace as App Store and CoralOS as iOS”. With this new wallet, the Solana ecosystem is acquiring a consumer tool that could conquer the crowds, especially if the FTX platform grows behind… and thus come and walk on Ethereum’s flowerbeds? And question his position as queen of smart contracts ? “Let’s get ready to rumble!” »

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$20 million for NFTs: FTX innovates with this new fundraiser


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