Phantom pockets, a Solana native tokens pockets, has simply introduced the completion of a Sequence B funding spherical during which it raised $109 million. The funding spherical which was led by Paradigm and had a16z Variant, Solana Ventures, and Bounce Capital in participation sees the crypto pockets attain unicorn standing with a $1.2 billion valuation. Together with this announcement, Phantom additionally revealed that the cellular model of the Solana pockets was now out there for iOS customers.
Phantom pockets proclaims $109 million funding spherical and iOS model
In a blog post at present, Phantom revealed that it had accomplished a $109 million Sequence B findings spherical led by Paradigm. The funding spherical additionally attracted enterprise capital corporations like a16z, Variant, Solana Ventures, and Bounce Capital. With the completion of the funding spherical, Phantom now has a valuation of $1.2 billion.
At the moment, we’re excited to announce Phantom’s $109M Sequence B led by Paradigm with participation from previous buyers together with Andreessen Horowitz (a16z), Variant, Solana Ventures, and Bounce Capital, the submit stated.
The submit identified that Phantom was one of many fastest-growing crypto wallets having gained greater than two million energetic customers simply six months after launch. It additionally revealed that the iOS model of the Solana pockets was now out there for obtain. It provides that the Android model of the pockets could be launched within the first half of 2022.
The CEO of Phantom, Brandon Millman, maintains that this funding spherical will assist the pockets speed up the expansion of the Internet 3 ecosystem on Solana. The corporate has in depth plans to capitalize on the quickly rising DeFi and NFT market on the Solana blockchain via 2022. Finally, Phantom plans to turn out to be a gateway to Internet 3 for a number of blockchains outdoors of Solana. Phantom has help for Ethereum and EVM suitable blockchains lined up in its sights.
Phantom’s success is sweet information for Solana
Phantom has been a big a part of the success of the Solana blockchain to date. Per knowledge from Defillama, Solana ranks because the sixth largest DeFi chain by complete worth locked (TVL), with over $8.71 billion staked. Phantom claims to have performed an enormous position in being the gateway via which the proof-of-history blockchain reached this determine.
Phantom pockets can be accompanying Solana NFTs to the largest NFT market within the crypto trade, OpenSea as not too long ago leaked pictures point out. The worth of SOL appears to be reacting positively to the Phantom announcement. On the day, SOL is up 2.62% buying and selling at round $97.46. Regardless, SOL has traded poorly this January as its worth efficiency has been affected by community congestion and the broader market crash. SOL is down round 42.8% yr to this point.
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