Summary
TLDR: Startup Backpack, founded by former FTX employees, raises $17 million in Series A with $120 million valuation. Company, home to popular Solana NFT project MadLads, turned around financially after collapse of FTX. Restaking protocol ether.fi secures $23 million in Series A, showing growing investor interest in restaking. Other notable fundraises include Dan Held’s $21 million fund for bitcoin and Avail’s $27 million seed funding round for interoperability.
Key Points
1. Backpack, a startup co-founded by former FTX executives, raised $17 million in a Series A funding round with a valuation of $120 million.
2. The company is an exchange and wallet, and is home to the popular Solana NFT project MadLads.
3. Despite facing financial challenges after the collapse of FTX, Backpack has turned things around, with MadLads NFTs currently reaching a floor price of over $23,000.