Armani Ferrante, CEO of Backpack, on Solana and Web3 Super Apps | Ep. 332
In an exclusive interview with Cryptonews, Armani Ferrante, the founder and CEO of cryptocurrency exchange and multi-chain wallet Backpack, talked about taking a long, winding path to entering Solana and establishing Anchor.
He discussed creating a super app – a one-stop app for all users’ needs – and why it’s relevant to have one.
Ferrante also touched on the future of the crypto economy and why it will be ten times better.
Ferrante left his job at Apple in 2017. He was drawn to Ethereum, seeing it as “the coolest thing in the world.”
He had no plans and no job – just a desire to work in the blockchain field.
When Ferrante thinks about his process of establishing the popular developer tool on Solana, called Anchor, he describes it as “hill climbing.”
“It is a reference to a way of algorithmically finding the optimum of a specific kind of curve you’re trying to optimize,” he said.
He never had a grand vision that he followed and executed. Rather, it was years of thinking about specific problems that needed solving.
Iterating ways to solve some of those problems opened up new paths, both good and bad.
But with a bit of luck, after taking “a bunch of winding roads,” “eventually you end up in a reasonable spot,” he said.
Over the next few years, Ferrante worked at various companies and projects, contributing to open source.
“But the first thing that really got momentum was the couple of contributions to the Solana network,” he noted.
He found Solana at a time when he and many others in the industry were searching for new architectures, blockchains, and ecosystems to meet the demands of a new generation of crypto applications.
That was the time, in 2020, when Ferrante started finding his way through those up-hill winding roads.
“I felt I
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