Backpack officially announced that Kyle Samani, co-founder of Multicoin Capital and an early investor in Solana, has officially joined Backpack US’s board of directors.

This is actually worth revisiting—after all, in February this year Kyle Samani announced he was stepping down from his role at Multicoin Capital and exiting the fund. At the time, he said he would continue investing in the crypto space in his personal capacity, while retaining his positions as a member of the Zama board and chairman of the Forward Industries board.

From taking the helm at Multicoin to relaunching with Backpack as its backing, the latest move by a veteran crypto capital player—could it signal that Backpack may have new actions in the North American market? After all, as one of the fastest-growing crypto trading platforms in recent years, Backpack has long been favored by users in the Solana ecosystem. With the introduction of a seasoned capital player to its board, it’s likely paving the way for upcoming developments.

$SOL
#Backpack #Crypto investment