Phantom, a leading wallet for interacting with the Solana blockchain (SOL), has seen its valuation reach $1.2 billion after closing a $109 million fundraising. Meanwhile, the Phantom wallet is now available in a mobile version on iOS.
Phantom becomes a unicorn
Phantom, one of the most popular wallets for interacting with the Solana blockchain (SOL), announced at the same time that it has closed its Series B funding round as well as the release of its mobile app on iOS.
The fundraising, led by Paradigm alongside various investors including a16z, Variant, Solana Ventures, and Jump Crypto, reached $109 million, bringing the company’s valuation to $1.2 billion.
The Phantom team is honored to work with these incredible partners and to have their confidence in the way we want to bring Web 3.0 to the world. It is clear that the adoption of non-fungible tokens (NFTs) and decentralized finance (DeFi) has highlighted the crucial role of cryptocurrency wallets in providing a user experience that is safe, fun and easy to use. “
The funds raised will be used to provide more tools to improve the developer experience and facilitate the move to Web 3.0, but also to develop the cross-chain function of the wallet and recruit new people to the project development team.
The release of an app on iOS
Phantom has also announced the release of its own app on the App Store, which is already available for download in French.
The interface is exactly the same as on the web extension, rather uncluttered with most of the options available in the bottom bar.
The wallet allows you to deposit, send and swap tokens, but also to view your NFT collection and browse websites allowing association with Phantom.
Phantom wallet interface on iOS
Without giving a date, Phantom also announced that the release of its mobile application for Android would be coming in the near future.
“These additional platforms will provide both promising avenues for user growth and opportunities for safety and security innovation. “
Phantom could set the standard
First launched as a beta in March 2021, and then launched as an official version in July of the same year, the Phantom wallet has seen its user base grow exponentially:
Phantom wallet monthly users (Source: Phantom)
Since last March, Phantom’s 1.8 million monthly active users have stored more than $1.16 billion in SOL tokens.
With all this data and Phantom’s desire to implement on the Ethereum blockchain by the end of the year, it looks set to make a name for itself in the digital wallet space.
