Blockchain News

Solana’s Pockets Phantom has Secured a $109M Collection B Funding Led by Paradigm

Written by James Smith

Solana’s pockets Phantom has secured a $109 million Collection B funding led by cryptocurrency agency Paradigm.

Pockets, as probably the most vital person touchpoint, acts as a gateway for exchanges and sensible contracts. Phantom is valued at $1.2 billion after this spherical of financing, which formally made Phantom a unicorn.

A unicorn is a expertise startup that has been established in lower than 10 years however is valued at greater than $1 billion and has not been listed on the stock market.

Six months in the past, Phantom acquired a $9 million Collection A funding spherical led by Andreessen Horowitz, 

CEO Brandon Millman famous that the corporate has been getting about 100,000 customers on a weekly foundation.

The corporate additionally stated it’s launching an iOS app and can launch an Android native app within the coming months

Brandon Millman expressed an eagerness to maneuver to open supply however stated it was troublesome to prioritize.

He stated that:

“As soon as it is open-source, there’s this implicit expectation round responding to people who find themselves leaving points on the GitHub repo, people who find themselves submitting pull requests, desirous to get options into the pockets,” he stated. “We do not wish to begin doing these issues fairly but.”

The subsequent aim for Phantom is to develop multi-chain compatibility and add assist for an additional blockchain outdoors of the Solana ecosystem in its pockets.

Multi-chain will present customers with extra funding alternatives.

Picture supply: Shutterstock

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James Smith

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