Solana's Phantom Raises $109 Million in a Series B Fundraise Obtaining Unicorn Status
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Solana's Phantom Raises $109 Million in a Series B Fundraise Obtaining Unicorn Status

THELOGICALINDIAN - On Monday the aggregation abaft the Solana Web3 wallet belvedere Phantom appear it had aloft 109 actor in a Series B fundraise The crypto aggregation is now a Unicorn with a column appraisal of 12 billion in value

Solana Web3 Wallet Phantom Raises $109 Million

The Phantom wallet aggregation has aloft $109 actor in a Series B costs annular according to the firm’s contempo blog post. Furthermore, Phantom additionally launched the Solana wallet’s iOS adaptation for Apple smartphone users. According to the announcement, the $109 Series B was led by Paradigm. Additionally, Jump Capital, Solana Ventures, Variant, and Andreessen Horowitz (a16z) alternate in Phantom’s latest fundraise.

The funds will be committed to onboarding added users and developers on to Web3 and additionally “innovating on the multi-chain wallet user experience.” Moreover, the aggregation said it affairs to calibration the aggregation and accurately appoint specialists in association abutment and artefact development. The Series B fundraise follows the Series A the aggregation appear in mid-July back the Phantom aggregation aloft $9 actor and a16z led that accurate round.

Phantom acclaimed during the advertisement that in six months the wallet acquired over 2 actor account alive users. “Collectively, our users accept staked over 112.4 actor SOL ($10.4 billion), swapped $1.37 billion in tokens, and fabricated 55.2M NFT, defi, and app transactions,” Phantom’s Series B blog column details.

“Our aboriginal footfall against this eyes is the barrage of Phantom beyond adaptable platforms, starting with the absolution of our iOS app to the accessible today,” the aggregation wrote on Monday. “With an Android barrage additionally advancing shortly, we couldn’t be added aflame about the abeyant for adaptable to empower a accomplished new set of users and use cases for Phantom.”

Out of 12,280 crypto-assets in existence, solana (SOL) has managed to booty the seventh better position in agreement of bazaar capitalization. Year-to-date, SOL has acquired 2,210% but over the aftermost month, its amount has absent 42.5% adjoin the U.S. dollar. Still, SOL’s $30.8 billion bazaar appraisal represents 1.68% of the absolute $1.83 abundance crypto economy. Solana has the sixth-largest TVL in defi today and the second-largest number in NFT sales.

What do you anticipate about Phantom’s $109 actor Series B fundraise? Let us apperceive what you anticipate about this accountable in the comments area below.

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