Mad Lads NFTs Soar To Record High As Backpack Appoints Former FTX Lawyer For Exchange Launch
Portfolio Pulse from Benzinga Neuro
Mad Lads NFTs on the Solana blockchain have hit a new all-time high in price following the appointment of Can Sun, a former FTX general counsel, to lead Trek Labs, a startup associated with Backpack and Coral. Trek Labs, which has secured a Virtual Asset Service Provider license in Dubai, is offering a 10% stake in the company, valued at over $100 million. The beta signups for the Backpack exchange are currently open exclusively to Mad Lads NFT holders, potentially driving up demand for these NFTs.
November 14, 2023 | 10:50 am
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Solana's Mad Lads NFTs have soared to a record high, potentially increasing interest in the SOL cryptocurrency as the underlying asset for these NFTs.
The surge in Mad Lads NFTs prices, which are built on the Solana blockchain, could lead to a short-term increase in demand for SOL as users may need to purchase SOL to buy these NFTs. The association with a former FTX counsel and the upcoming exchange could also boost investor confidence in Solana's ecosystem.
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