 | BackpackBackpack is a cryptocurrency exchange and multi-chain wallet designed to redefine how users interact with digital assets. It offers a unique self-custody solution that leverages multiparty computation techniques, ensuring unparalleled security for users’ funds across various blockchains. Series A Round: $17M Strategic Round: $20M IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice. |
Overview
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OpenWhat is Backpack
Behind the scenes, Backpack takes a page from blockchains – the distributed databases that house cryptocurrency transaction histories – to document its own history as an exchange “back to the beginning of time.” Every transfer and trade gets recorded on a system that is similar to a permissioned blockchain.
Basically, it is a foil against any attempt to cook the books. That kind of thing has only become more important for crypto exchanges amid the fallout of FTX’s magically disappearing customer deposits.
Before the venture funding arrived, Backpack had to make do with a very tight $1.4 million financial leash amassed through last April’s sale of the Mad Lads NFT, which has since become Solana’s top digital collectible.
DetailsRaised: 37,000,000 USDLegalBlockchain Platform: SolanaRegistration year: 2022 |
Backpack Roadmap
- APRIL: Backpack Wallet Incorporated
- NOVEMBER: Loses 88% of Corporate Treasury on FTX
- MARCH: Backpack Exchange Incorporated
- APRIL: Mad Lads Launches to #1 NFT on Solana
- NOVEMBER: Backpack Exchange Beta Launch
- FEBRUARY: Series A Fundraising Round
- MARCH: 500,000+ Fully KYC’ed Users
- APRIL: Reached $9B Transaction Volume in 24h
- MAY: Serving 150+ Countries with 60B Trading Volume
- JANUARY: Backpack Exchange launches futures Public Beta
Project team
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MVP
