Phantom acquires NFT data platform SimpleHash to enhance wallet features

The Crypto Wallet Phantom portfolio supplier announced the acquisition of Simplehash, a non-fungible token data platform that supports more than 80 blockchains.

Phantom did not disclose the value of the agreement, but said that the acquisition aligns its objective of making the cryptocurrency more accessible. Simplehash contributes to this mission by providing a token data platform that follows price movements in real time, NFT metadata and market activity.

“By calling on Simplehash, we make sure that Phantom users have the most specific and complete tokens data,” said Phantom director Brandon Millman.

According to Millman, Simplehash will improve the conviviality of the multi-chain portfolio, improving the experience of Phantom users.

After the acquisition, the Simplehash team will join Phantom and the current platform services will be deleted. Simplehash is the third acquisition of Phantom in the past year.

In May 2024, Phantom acquired Bitski, an integrated portfolio supplier that worked with global brands, notably Adidas, Major League Soccer and WWE.

Commenting on this development, the co-founder of Solana Raj Gokal said::

“This decision will facilitate that people on board the DAPPs and will sail in the Solana ecosystem. Phantom does an excellent job to simplify things and improve the global user experience, and we could not be happier to support their efforts. »»

In November, the best Solana (GROUND) wallet acquired Protection against fraud and web safety platform Blowfish.

As in the case of Simplehash and Bitski, the Blowfish team joined Phantom’s. These integrations and acquisitions are crucial for Phantom because the team is building what has become the most popular cryptographic portfolio of the Solana ecosystem.

The portfolio, which was launched in 2021, recently lifted $ 150 million In its series of financing for the C series, with funds aimed at the project of the project to build a leading financial platform. Sequoia Capital and Paradigm co-directed the round of $ 150 million in the portfolio to an assessment of $ 3 billion, with an Crypto A16z and a variant among the existing investors who supported it.