Phantom Acquires SimpleHash to Enhance Crypto Wallet Experience

Phantom, a leading crypto wallet provider, has announced its acquisition of SimpleHash, a non-fungible token (NFT) data platform that supports over 80 blockchains. The acquisition aims to make cryptocurrency more accessible by providing Phantom users with the most accurate and comprehensive token data.

Enhancing User Experience with SimpleHash

SimpleHash’s token data platform tracks real-time price movements, NFT metadata, and marketplace activity, aligning with Phantom’s goal of simplifying the crypto experience. According to Phantom CEO Brandon Millman, “By bringing on SimpleHash, we’re ensuring that Phantom users have the most accurate and comprehensive token data.” This acquisition is expected to enhance the multi-chain wallet’s usability, improving the overall experience for Phantom users.

“By bringing on SimpleHash, we’re ensuring that Phantom users have the most accurate and comprehensive token data.”

Following the acquisition, the SimpleHash team will join Phantom, and the platform’s current services will be phased out. This is Phantom’s third acquisition in the past year, demonstrating its commitment to building a leading finance platform.

Recent Acquisitions and Funding

In May 2024, Phantom acquired Bitski, an embedded wallet provider that has worked with global brands, including Adidas, Major League Soccer, and WWE. This move was praised by Solana co-founder Raj Gokal, who stated, “This move is going to make it so much easier for people to onboard to dApps and navigate the Solana ecosystem.”

In November, Phantom acquired fraud protection and web3 security platform Blowfish, further enhancing its security features. These integrations and acquisitions are crucial for Phantom as it builds out its popular crypto wallet in the Solana ecosystem.

Tips for Choosing a Crypto Wallet

  • Look for a wallet that supports multiple blockchains and has a user-friendly interface.
  • Consider the wallet’s security features, such as fraud protection and two-factor authentication.
  • Check the wallet’s compatibility with your desired cryptocurrencies and NFTs.

Phantom’s recent $150 million Series C funding round, co-led by Sequoia Capital and Paradigm, will support the project’s mission to build a leading finance platform. With a valuation of $3 billion, Phantom is well-positioned to continue innovating and improving the crypto experience.

Stay up-to-date with the latest crypto news and trends on Global Crypto News.

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