Crypto wallet provider Phantom has announced the acquisition of SimpleHash, a non-fangical token data platform that supports more than 80 blockchain.
Phantom did not disclose the value of the deal, but said that the acquisition aligns with its goal of making cryptocurrency more accessible. SimpleHash contributes to this mission by providing a token data platform that tracks real -time price movements, NFT metadata and marketplace activity.
Phantom’s CEO Brandon Milman said, “By bringing on the simplehash, we are making sure that Phantom users have the most accurate and comprehensive token data.”
According to Milman, the simplehash will increase the purpose of multi-chain wallet, which will improve experience for phantom users.
After the acquisition, the Simplehash team will join the Phantom, and the current services of the platform will be phased. Simlash is the third acquisition of Phantom in the last one year.
In May 2024, Phantom acquired an embedded wallet provider Bitsky, who worked with global brands including Adidas, Major League Soccer, and WWE.
Commenting on this development, Solan’s co-founder Raj Gokal Said,
“This step is going to make people so easy to navigate daps and solana ecosystems for daps. Phantom is doing a great job to simplify things and improve overall user experience, and we may not be happy to support their efforts. ,
In November, the top Solana (Sol) Wallet acquired fraud protection and web 3 security platform blowofish.
In the case of Simplehash and Bitski, the Blowfish team joined Phantom. This integration and acquisition are important for phantom because the team said that the Solana has become the most popular Crypto wallet in the ecosystem.
The wallet launched in 2021 recently raised $ 150 million in its series C funding round, with a leading finance platform for the purpose of the project mission. The Sikoia Capital and the paradigm co-had a $ 150 million round of the $ 150 million in the $ 3 billion evaluation, with the A16Z crypto and the variants between the current investors who supported it.
