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

On Monday, the workforce behind the Solana Web3 pockets platform Phantom introduced it had raised $109 million in a Collection B fundraise. The crypto firm is now a Unicorn with a publish valuation of $1.2 billion in worth.

Solana Web3 Pockets Phantom Raises $109 Million

The Phantom pockets workforce has raised $109 million in a Collection B financing spherical in keeping with the agency’s current weblog publish. Moreover, Phantom additionally launched the Solana pockets’s iOS model for Apple smartphone customers. Based on the announcement, the $109 Collection B was led by Paradigm. Moreover, Soar Capital, Solana Ventures, Variant, and Andreessen Horowitz (a16z) participated in Phantom’s newest fundraise.

The funds will likely be devoted to onboarding extra customers and builders on to Web3 and in addition “innovating on the multi-chain pockets consumer expertise.” Furthermore, the corporate stated it plans to scale the workforce and particularly rent specialists in neighborhood assist and product improvement. The Collection B fundraise follows the Collection A the corporate introduced in mid-July when the Phantom workforce raised $9 million and a16z led that exact spherical.

Phantom famous throughout the announcement that in six months the pockets obtained over 2 million month-to-month energetic customers. “Collectively, our customers have staked over 112.4 million SOL ($10.4 billion), swapped $1.37 billion in tokens, and made 55.2M NFT, defi, and app transactions,” Phantom’s Collection B weblog publish particulars.

“Our first step towards this imaginative and prescient is the launch of Phantom throughout cellular platforms, beginning with the discharge of our iOS app to the general public right this moment,” the workforce wrote on Monday. “With an Android launch additionally coming shortly, we couldn’t be extra excited in regards to the potential for cellular to empower a complete new set of customers and use instances for Phantom.”

Out of 12,280 crypto-assets in existence, solana (SOL) has managed to take the seventh largest place by way of market capitalization. 12 months-to-date, SOL has gained 2,210% however during the last month, its worth has misplaced 42.5% towards the U.S. greenback. Nonetheless, SOL’s $30.8 billion market valuation represents 1.68% of your complete $1.83 trillion crypto financial system. Solana has the sixth-largest TVL in defi right this moment and the second-largest quantity in NFT gross sales.

Tags on this story
A16Z, Andreessen Horowitz, Blockchain Collection, capital, Capital elevate, Finance, Fundraise, iOS app, Soar Capital, Paradigm, Phantom, Phantom pockets, Collection B Fundraise, SOL, Solana, Solana (SOL), Solana Ventures, Variant, VCs, Web3

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Jamie Redman

Jamie Redman is the Information Lead at Bitcoin.com Information and a monetary tech journalist dwelling in Florida. Redman has been an energetic member of the cryptocurrency neighborhood since 2011. He has a ardour for Bitcoin, open-source code, and decentralized purposes. Since September 2015, Redman has written greater than 5,000 articles for Bitcoin.com Information in regards to the disruptive protocols rising right this moment.




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