FinTech news in anchor category

More than 10 of the largest projects on Solana are already working on projects that leverage Backpack’s protocol, according to Ferrante. Ferrante’s iPhone analogy seems particularly apt when one considers that as an ecosystem, Solana has chosen to invest in hardware. The Discord community around Backpack has about 2,000 members today, which Ferrante said has been intentionally locked up until today’s announcement that Coral will launch Backpack in private beta and open-source its code, giving members of the Discord priority access. The Backpack wallet, Ferrante said, is like the iPhone’s iOS operating system, where a user can manage their private keys and access xNFTs, which are like the apps on the iPhone. Ferrante said the Coral team is in close contact with the team behind Saga and that he eventually hopes to see xNFTs run as native apps on the smartphone.

Anchor claims to be transacting several millions of dollars while growing 200% month-on-month. After testing these features with a select few, Anchor is coming out of stealth with a $1 million+ pre-seed and making its platform public.