NFT News

NFT Wallet Phantom gets $109 Million Series B funding

NFT Latest News

Phantom, the fastest growing crypto wallet, has raised $109 million in a Series B investment headed by Paradigm.

a16z, Variant, Solana Ventures, and Jump Crypto also invested.

This money will help the firm in three key areas. It will help consumers locate decentralised applications and developers find better tools. Second, the business will develop on multi-chain wallets, extending the possibilities of crypto wallets.

Finally, it aims to expand its personnel, focusing on product development and community support.

After only six months, the site has over two million monthly users.

To facilitate additional expansion, the firm is becoming mobile. It launched today on iOS and will soon be available on Android.

Phantasma is a wallet that enables users to securely store and exchange NFTs on the Solana blockchain.

Mastercard joined up with Coinbase last month to allow debit and credit card purchases of NFTs. NFTs will be classified as digital products by Mastercard.


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