Developers are a huge catalyst for growth in the competitive world of layer-one blockchains. Where the devs go, they build out applications and robust ecosystems, and user activity and interest tends to follow.
Coral has been instrumental in building out dev tools for the Solana blockchain ecosystem. The startup created Anchor, which it says is the most popular smart contract developer framework for Solana. Anchor is similar to Ethereum’s Hardhat or Ruby on Rails in the Web 2.0 world, founder Armani Ferrante told TechCrunch in an interview.
The company announced today that it has raised a $20 million strategic round led by FTX Ventures and Jump Crypto, with participation from Multicoin Capital, Anagram, K5 Global and others. It plans to use the funding to launch a product called Backpack, an interactive crypto wallet that it says delivers crypto-native experiences through what the company calls executable NFTs (xNFTs).
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