Solana’s Phantom Raises $109 Million during a Series B fund-raise getting Unicorn Status

By Clark

On Monday, the team behind the Solana Web3 billfold platform Phantom declared it had raised $109 million during a Series B fund-raise. The crypto company is currently a imaginary being with a post valuation of $1.2 billion in price.

Solana Web3 billfold Phantom Raises $109 Million

The Phantom billfold team has raised $109 million during a Series B finance spherical in line with the firm’s recent journal post. what is more, Phantom conjointly launched the Solana wallet’s iOS version for Apple smartphone users. in line with the announcement, the $109 Series B was semiconductor diode by Paradigm. to boot, Jump Capital, Solana Ventures, Variant, and Andreessen pianist (a16z) participated in Phantom’s latest fund-raise.

The funds are going to be dedicated to onboarding additional users and developers on to Web3 and conjointly “innovating on the multi-chain billfold user expertise.” Moreover, the corporate aforementioned it plans to scale the team and specifically rent specialists in community support and products development. The Series B fund-raise follows the Series A the corporate declared in time period once the Phantom team raised $9 million and a16z semiconductor diode that individual spherical.

Phantom noted throughout the announcement that in six months the billfold obtained over two million monthly active users. “Collectively, our users have staked over 112.4 million SOL ($10.4 billion), swapped $1.37 billion in tokens, and created fifty five.2M NFT, defi, and app transactions,” Phantom’s Series B journal post details.

“Our start toward this vision is that the launch of Phantom across mobile platforms, beginning with the discharge of our iOS app to the general public nowadays,” the team wrote on weekday. “With associate golem launch conjointly coming back shortly, we tend to couldn’t be additional excited regarding the potential for mobile to empower a full new set of users and use cases for Phantom.”

Out of 12,280 crypto-assets breathing, solana (SOL) has managed to require the seventh largest position in terms of capitalization. Year-to-date, SOL has gained 2,210% however over the last month, its price has lost 42.5% against the U.S. dollar. Still, SOL’s $30.8 billion market valuation represents 1.68% of the complete $1.83 trillion crypto economy. Solana has the sixth-largest TVL in defi nowadays and also the second-largest range in NFT sales.


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