Crypto pockets supplier Phantom has introduced the acquisition of SimpleHash, a non-fungible token knowledge platform that helps over 80 blockchains.
Phantom didn’t disclose the deal’s worth, however said that the acquisition aligns with its objective of creating cryptocurrency extra accessible. SimpleHash contributes to this mission by offering a token knowledge platform that tracks real-time worth actions, NFT metadata, and market exercise.
“By bringing on SimpleHash, we’re making certain that Phantom customers have probably the most correct and complete token knowledge,” Phantom chief government officer Brandon Millman mentioned.
In response to Millman, SimpleHash will improve the multi-chain pockets’s usability, enhancing the expertise for Phantom customers.
Following the acquisition, the SimpleHash staff will be part of Phantom, and the platform’s present providers shall be phased out. SimpleHash is Phantom’s third acquisition up to now yr.
In Might 2024, Phantom acquired Bitski, an embedded pockets supplier that has labored with international manufacturers, together with Adidas, Main League Soccer, and WWE.
Commenting on this growth, Solana co-founder Raj Gokal mentioned:
“This transfer goes to make it a lot simpler for individuals to onboard to dApps and navigate the Solana ecosystem. Phantom is doing nice work to simplify issues and enhance the general consumer expertise, and we couldn’t be happier to assist their efforts.”
In November, the highest Solana (SOL) pockets acquired fraud safety and web3 safety platform Blowfish.
Like within the case of SimpleHash and Bitski, the Blowfish staff joined Phantom’s.These integrations and acquisitions are essential for Phantom because the staff builds out what has turn into the preferred crypto pockets within the Solana ecosystem.
The pockets, which launched in 2021, just lately raised $150 million in its Sequence C funding spherical, with funds aimed on the challenge’s mission to construct a number one finance platform. Sequoia Capital and Paradigm co-led the pockets’s $150 million spherical at a $3 billion valuation, with a16z crypto and Variant among the many present traders that backed it.
