Solana tech developer Coral raises $20M, plans to launch ‘xNFT’ protocol

ecosystem developer Coral has closed a $20 million investment round backed by some of crypto’s biggest venture funds, setting the stage for the launch of its new interactive wallet later this month.

The investment round was co-led by FTX Ventures and Jump Capital with additional participation from Multicoin Capital, Anagram, K5 Global and other investors, Coral announced Wednesday. Coral said it would use the funds to build internal capacity and launch its flagship product, Backpack.

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