Backbone Labs is a dynamic group in the blockchain space, formed in the aftermath of the Terra crash. This event played a crucial role in shaping their direction and focus within the blockchain industry. Their primary dedication is to the development of community-driven decentralized finance (DeFi) tools and non-fungible token (NFT) innovations. This commitment is rooted in their deep understanding of Web3 technologies and protocols, and their aim is to make these technologies more accessible and user-friendly for people with varying levels of expertise.
The vision of Backbone Labs is to foster a truly decentralized financial ecosystem where community members are empowered to drive innovation. This is reflected in their mission, which includes ensuring security and trust through strategic investment practices, championing decentralized money, establishing DAO-governed projects, and providing powerful tools and resources for the development of a diverse range of DeFi products. These initiatives are designed to cultivate a robust and sustainable decentralized economy.
Backbone Labs has developed a range of products that span across multiple blockchain ecosystems. These products include:
The Gravedigger: A unique multi-chain Liquid Staking Protocol that is fully community-owned. It drives back revenue to NFTs, Liquidity, and the SOUL token.
Necropolis: A project that is pending launch, pioneering the concept of yield-bearing NFTs.
The Crypt and The Necromancer: Other upcoming initiatives that are part of their expansion into various blockchain ecosystems.
Backbone Labs operates on several blockchain platforms, including Terra, Migaloo, Chihuahua, Juno, Stargaze, Injective, and Comdex – CMDX, with products like The Gravedigger either already live or planned for launch on these platforms.
Their approach is centered around a multichain future, where interoperability and cross-chain collaboration are key to unlocking the full potential of decentralized technologies. They actively seek partnerships and integrations with other leading projects in the space to foster a more interconnected and resilient web3 landscape.