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

On Monday, the squad down the Solana Web3 wallet level Phantom announced it had raised $109 cardinal successful a Series B fundraise. The crypto institution is present a Unicorn with a station valuation of $1.2 cardinal successful value.

Solana Web3 Wallet Phantom Raises $109 Million

The Phantom wallet squad has raised $109 cardinal successful a Series B financing circular according to the firm’s caller blog post. Furthermore, Phantom besides launched the Solana wallet’s iOS mentation 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) participated successful Phantom’s latest fundraise.

The funds volition beryllium dedicated to onboarding much users and developers connected to Web3 and besides “innovating connected the multi-chain wallet idiosyncratic experience.” Moreover, the institution said it plans to standard the squad and specifically prosecute specialists successful assemblage enactment and merchandise development. The Series B fundraise follows the Series A the institution announced successful mid-July erstwhile the Phantom squad raised $9 cardinal and a16z led that peculiar round.

Phantom noted during the announcement that successful six months the wallet obtained implicit 2 cardinal monthly progressive users. “Collectively, our users person staked implicit 112.4 cardinal SOL ($10.4 billion), swapped $1.37 cardinal successful tokens, and made 55.2M NFT, defi, and app transactions,” Phantom’s Series B blog station details.

“Our archetypal measurement toward this imaginativeness is the motorboat of Phantom crossed mobile platforms, starting with the merchandise of our iOS app to the nationalist today,” the squad wrote connected Monday. “With an Android motorboat besides coming shortly, we couldn’t beryllium much excited astir the imaginable for mobile to empower a full caller acceptable of users and usage cases for Phantom.”

Out of 12,280 crypto-assets successful existence, solana (SOL) has managed to instrumentality the seventh largest presumption successful presumption of marketplace capitalization. Year-to-date, SOL has gained 2,210% but implicit the past month, its worth has mislaid 42.5% against the U.S. dollar. Still, SOL’s $30.8 cardinal marketplace valuation represents 1.68% of the full $1.83 trillion crypto economy. Solana has the sixth-largest TVL successful defi contiguous and the second-largest number successful NFT sales.

What bash you deliberation astir Phantom’s $109 cardinal Series B fundraise? Let america cognize what you deliberation astir this taxable successful the comments conception below.

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