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xNFT Backpack Enters Open Beta, Revolutionizing the Wallet Ecosystem

By: illustrious
May 1, 2023 12:51 PM EDT
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The xNFT Backpack, a groundbreaking new application, has entered its open beta phase, bringing the world one step closer to a Web3 future. By combining the innovative concept of xNFTs (eXecutable Non-Fungible Tokens) with an open-source, programmable wallet system, the xNFT Backpack is set to transform the way we interact with blockchain ecosystems.

Introducing Coral and xNFTs

Coral, the company behind the xNFT Backpack, is focusing on xNFTs to create a thriving ecosystem of applications, protocols, developer tools, and digital assets. xNFTs are tokenized code representing ownership rights over its execution, which allows for a more flexible and customizable user experience across multiple blockchains. By embracing xNFTs, Coral aims to push the boundaries of Web3 and usher in a new era of innovation.

Phase 0: Operation Dora

In its initial phase, the xNFT Backpack will focus on wallets. Unlike traditional wallets, which act as permissioned gatekeepers, the xNFT Backpack is designed to be an open, programmable system built specifically for Web3. This means that it can support any asset or protocol without requiring permission, enabling users to manage all their crypto assets, from tokens to JPEGs, in one place.

The xNFT Backpack – More Than Just a Wallet

The xNFT Backpack is essentially an xNFT operating system. While it manages your private keys and connects to apps like a wallet, it also offers an open, protocol-agnostic platform. The xNFT Backpack comes with a set of developer frameworks and APIs, allowing anyone to create their own xNFT apps for any protocol on any blockchain.

The Future of xNFTs

While xNFTs may seem like simple applications, their potential is vast. By offering an open platform for developers and users to collaborate and create new protocols, the xNFT Backpack is poised to become a driving force for innovation and growth in the blockchain ecosystem.

To get started with the xNFT Backpack, claim your username by visiting the official Twitter announcement:

Always experimenting.

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