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Backpack is building a comprehensive set of Web3 services to facilitate crypto mass adoption. It offers a legally compliant CEX, a fully non-custodial Web3 wallet, and its own NFT collection, Mad Labs.
On February 28th, 2024, the platform closed a $17M Private funding round at the valuation of $120M. The round was led by Placeholder VC, and included top-tier investors, including Delphi Digital, Amber Group, founders of leading web3 ecosystems such as Solana, Jito, and more.