Backpack to offer users access to equity representing 20% of the company via one-year token staking

TL;DR:

Backpack said users who stake its token for a year will have the opportunity to exchange them for equity in the company.

Key Points:

Background:

Cryptocurrency markets continue to evolve with new developments affecting the broader digital asset ecosystem.

Why It Matters:

This development could influence UNI price action and market sentiment in the near term.