Backpack Wallet is a next-generation Web3 wallet built to offer a secure, user-friendly, and powerful experience for interacting with crypto assets, NFTs, and decentralized applications (dApps).

Introduction

Backpack Wallet is a next-generation Web3 wallet built to offer a secure, user-friendly, and powerful experience for interacting with crypto assets, NFTs, and decentralized applications (dApps), especially on the Solana blockchain.

Created by the team at Coral, the same group behind the Mad Lads NFT collection and xNFTs (executable NFTs), Backpack reimagines what a wallet can do, transforming it into a platform.

Unlike traditional wallets, Backpack is built around xNFTs, which are interactive applications packaged inside NFTs. This allows users not just to store and view NFTs but also to run apps directly inside the wallet, such as games, DeFi protocols, or social dApps.

Key Features

Let’s dive into the key features:

  • Multi-Chain Support (Expanding Beyond Solana)
  • Integrated Backpack Exchange
  • Clean & Intuitive User Interface
  • High Security & Open Source
  • Backpack Token (BPT) Integration
  • Mad Lads & NFT Integration
  • Developer-Friendly Ecosystem

1. xNFT Integration (Executable NFTs)

Backpack was the first wallet to natively support xNFTs, a groundbreaking standard created by Coral. Unlike traditional NFTs that are static (just images or metadata), xNFTs are interactive applications.With Backpack:

  • You can run dApps inside your wallet, like games, DeFi dashboards, staking portals, or NFT tools.
  • Developers can build and distribute xNFT apps, like mini-apps within the wallet interface.
  • xNFTs offer a whole new layer of interactivity and utility for digital collectibles.

2. Multi-Chain Support (Expanding Beyond Solana)

While Backpack is primarily focused on Solana, it is built to support multiple blockchains in the future. This opens the door for:

  • Cross-chain asset management
  • Seamless interaction with dApps across ecosystems (e.g., Ethereum, Sui, etc.)
  • Unified wallet experience for users holding assets on different chains

3. Integrated Backpack Exchange

The team launched Backpack Exchange, a fully regulated crypto exchange, integrated with the wallet. This allows users to:

  • Trade directly inside the wallet (both spot and eventually derivatives)
  • Enjoy centralized exchange speed with self-custody principles
  • Access advanced trading tools without switching platforms

The exchange is licensed in several jurisdictions, adding a level of trust and compliance uncommon in crypto-native wallets.

4. Clean & Intuitive User Interface

Backpack puts a strong focus on design and user experience:

  • Simple onboarding process for new users
  • Easy navigation between NFTs, tokens, and dApps
  • Light and dark mode support
  • Intuitive display of collectibles, balances, and transaction history

This makes Backpack ideal for both beginners and power users.

5. High Security & Open Source

Security is at the core of Backpack’s design:

  • Non-custodial: Users hold their own keys and assets
  • Open-source wallet code for transparency
  • Strong community vetting and regular updates
  • Built-in hardware wallet support (like Ledger)

The open-source nature ensures auditability and trust from the community.

6. Backpack Token (BPT) Integration

The Backpack Wallet Token (BPT) powers the ecosystem by:

  • Rewarding users and developers
  • Enabling governance decisions
  • Powering incentives and potential future staking or fee reductions on the exchange

7. Mad Lads & NFT Integration

Backpack is the official wallet for Mad Lads, one of the most popular NFT collections on Solana. Holding Mad Lads unlocks unique experiences and early access to new features inside Backpack.

8. Developer-Friendly Ecosystem

  • Offers SDKs and APIs for developers to build xNFTs or integrate apps into the wallet.
  • Backed by Coral, which is deeply involved in shaping the next-gen developer tools for Solana and beyond.

How It Works

Using Backpack Wallet is simple and intuitive. After downloading the app or browser extension, users create or import a wallet using a recovery phrase.

Once inside, they can securely store, send, and receive cryptocurrencies, especially on the Solana network. What sets Backpack apart is its support for xNFTs, users can not only view NFTs but also interact with apps embedded inside them directly from the wallet.

The wallet also connects seamlessly to dApps, DeFi platforms, and the integrated Backpack Exchange, allowing for trading and other activities without leaving the interface.

Everything is done in a non-custodial way, meaning users always retain full control of their assets and private keys.

Why It Matters (for Solana Users)

Backpack Wallet is a game-changer for Solana users because it brings together security, innovation, and ease of use in one powerful tool.

For traders, it offers direct access to the regulated Backpack Exchange, making it easier to trade SOL and other assets without switching platforms.

For NFT collectors and creators, its native support for xNFTs unlocks a new level of interactivity, turning digital collectibles into usable apps.

For DeFi users and stakers, Backpack connects smoothly to Solana dApps, enabling seamless staking, swaps, and yield farming.

And for everyday explorers, it offers an intuitive way to discover and engage with the Solana ecosystem, all while keeping full control of your private keys. In a fast-evolving blockchain landscape,

Backpack provides a unified and secure entry point that fully embraces Solana’s speed, low fees, and innovation.

How to Use It

Getting started with Backpack Wallet is simple. Here’s how:

1. Download the Wallet

backpack extension

installing backpack wallet extension

Go to the official Backpack website or your device’s app store and install the wallet (available for desktop and mobile).

2. Create or Import a Wallet

backpack wallet

backpack creating new wallet account

Create a new wallet, create a strong password, and make sure to have a copy of the recovery seed phrase. Or import an existing wallet using your seed phrase.

3. Explore the Dashboard

View your tokens, NFTs, and xNFTs in a clean and easy-to-use interface.

4. Send & Receive Crypto

backpack wallet send and receive

backpack wallet sending and receiving crypto

Easily manage SOL and other Solana-based (SPL) tokens. Copy your wallet address or scan QR codes to send and receive assets.

5. Use dApps & xNFTs

Connect to Solana dApps like DeFi, staking, or games. Interact with xNFTs — apps you can run directly inside your wallet.

6. Trade on Backpack Exchange

backpack trading

trading directly within the backpack wallet

Access the built-in exchange for fast, secure, and compliant trading. No need to leave the wallet to swap or trade tokens.

7. Stay in Control

You fully own your private keys — Backpack is 100% non-custodial.

Milestones

Project Launched

Q3 2022

Coral, the team behind Backpack, introduces the Backpack Wallet and the concept of xNFTs on Solana.

xNFT Standard Released

Q4 2022

Backpack becomes the first wallet to support executable NFTs, redefining how NFTs work.

Mad Lads NFT Launch

Q1 2023

Coral releases Mad Lads, a flagship NFT collection that showcases the xNFT standard and becomes one of the top projects on Solana.

Backpack Wallet Gains Traction

Q2 2023

Backpack wallet sees rapid adoption among Solana users, especially in the NFT and developer community.

Funding Secured

Q3 2023

Coral raises $20 million in Series A funding led by Jump Crypto and Multicoin Capital to accelerate development.

Backpack Exchange Goes Live (Beta)

Q1 2024

Launch of the Backpack Exchange, a fully regulated, custodial exchange integrated into the Backpack Wallet.

BPT (Backpack Token) Teased

Q2 2024

Community begins speculating on ecosystem token utility and potential launch.

Ecosystem Expansion Begins

Q3 2024

Roadmap includes multi-chain wallet support, staking features, and more xNFT tools.

BPT Token Launch

Expected 2025

Launch of the Backpack Wallet Token to power governance, rewards, and protocol-level utility.

Resources

Addresses

Programs

Standard SPL Token Program
Tokenkeg...623VQ5DA
Token‑2022 Program
TokenzQd...XEpPxuEb
Backpack Wallet Solana Takeover
HAfvmMjC...2i7ttmwD

Last updated: 2025-06-24T03:55:57Z