introducing the next Backpack token utility, we'll be building out this year. IPOs, on chain, directly on Backpack. Normally when companies go public, the founders and executives go on a roadshow, sharing their story and garnering interest from Wall Street institutional buyers purchasing shares before they go public. For most, you normally have to wait for the stock exchanges to go live before getting access to these shares through your brokerage. What we're doing: working with Superstate for Backpack to become a stop on the roadshow, so that our users can get access to these IPOs before trading goes live on national stock exchanges. The catch: Our ability to do this successfully is purely a function of the Backpack community. The more active and valuable our users, the more viable Backpack is a venue for capital formation. As a result, we've put together this waitlist to collect interest from our users today on this product. The early users that signup will get early access to the first IPO. The more people that sign up for this, the more engaged and active our community is here, the better access we will get to companies when they go public. This will be the first test of the community. This is an enormously valuable opportunity, and we need your help signing up for this so that we can go out and get the best IPOs for everyone here that we can. The ask: add yourself to the waitlist now. We have a lot more coming on this front, and this is a perfect example of why we did not build a DEX. This is only something a compliant product can do. Go big or go home.

Robinhood, Coinbase, then Backpack. Keep your eye on the prize.