Backpack, a prominent digital wallet, has announced the integration of the FIRST NO-FEE HYBRID De-Fi Bridge and new feature that enables users to transfer their Elements using the WNS protocol, marking a significant advancement in NFT technology. This update comes alongside the introduction of a no-fee hybrid De-Fi bridge within the Backpack wallet, allowing for seamless trading of tokens, conversion to NFTs, and trading on Tensor without incurring any fees. The process, described as a 'crazy token extension wallet flow,' includes viewing NFTs, converting them to tokens, swapping tokens for SOL, converting back to NFTs, and listing on Tensor, all possible exclusively on the Solana blockchain and through Backpack. Additionally, Backpack now supports SPL-20s, enabling users to convert them into tokens or NFTs within the wallet. This development has been praised by industry figures, highlighting the increasing distribution of Hybrid DeFi and signaling exciting times ahead for the technology.
π¨ NEW: @Backpack wallet now supports SPL-20s, allowing users to convert them into tokens or NFTs within the wallet. https://t.co/XqO1nr8ZsE
Awesome job @armaniferrante and @Backpack The distribution of Hybrid DeFi is increasing Exciting times ahead! https://t.co/eO1ZSb4x5q
Crazy token extension wallet flow: - view nft - convert to tokens - swap tokens into SOL - convert tokens to NFT - list NFT on tensor Only possible on @solana. Only possible on @Backpack. https://t.co/YKBun0S37N
Crazy @solana wallet flow: - view nft - convert to tokens - swap tokens into SOL - convert tokens to NFT - list NFT on tensor All inside your @Backpack. https://t.co/YKBun0S37N
This is MASSIVE @Backpack just integrated the FIRST NO-FEE HYBRID De-Fi Bridge in-wallet! Now you can trade the tokens, bridge to NFT, and trade the NFT via @tensor_hq nearly completing the entire arbitrage process all in one seamless wallet UX π€―WA0 π»ππ https://t.co/nxAnUUEoLx https://t.co/uvIopFCDQd
One more thing. You can now transfer your @assetdash Elements. Sending NFTs for the new WNS protocol is now live in Backpack. https://t.co/f25KgFTVcB https://t.co/VP21UFdxzx