After gaining more than 2 million monthly active users in just six months after launch, Phantom is the fastest growing crypto wallet and has a unique opportunity to become the mainstream, user-friendly gateway to Web3. Today, we are excited to announce Phantom’s $109M Series B led by Paradigm with participation from past investors including a16z, Variant, Solana Ventures, and Jump Crypto.
The team at Phantom is honored to work with these incredible partners and to have their trust in executing our vision to bring Web3 to the broader world. It is clear that the explosive adoption of NFTs and DeFi has underscored the tremendous role crypto wallets have in providing a user-experience that is safe, fun, and easy-to-use.
Our first step toward this vision is the launch of Phantom across mobile platforms, starting with the release of our iOS app to the public today. With an Android launch also coming shortly, we couldn’t be more excited about the potential for mobile to empower a whole new set of users and use cases for Phantom. These additional platforms will provide both promising avenues for user growth and opportunities to innovate on safety and security.
As we look towards 2022 and beyond, we will also use this financing to accelerate:
- Onboarding users and developers on to Web3 - Helping users discover decentralized applications as well as providing tools to improve developer experience.
- Innovating on the multi-chain wallet user experience - Push the boundaries of what crypto wallets can do both from a utility and a security perspective on multiple blockchains.
- Scaling the team - Growing the Phantom team, particularly on the product development and community support fronts, as the Phantom user base expands.
Phantom is thrilled that so many have chosen us as their crypto wallet. Collectively, our users 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. We know we have a great responsibility to continue building and will always act in the best interest of the community.
To download the Phantom iOS app, go to phantom.app/download-mobile