Key Notes
- Phantom acquires SimpleHash to enhance real-time token and NFT knowledge for customers, integrating the platform’s expertise into its pockets ecosystem.
- The deal will see SimpleHash’s crew be part of Phantom to offer complete insights and real-time market knowledge for customers.
- SimpleHash companies can be discontinued, permitting its crew to focus completely on enhancing Phantom’s blockchain knowledge capabilities.
Main decentralized pockets supplier Phantom has as we speak introduced the acquisition of SimpleHash, a blockchain knowledge platform specializing in token and NFT analytics. The transfer is geared toward enhancing the corporate’s means to offer real-time asset insights, enhancing consumer expertise throughout its pockets ecosystem.
Whereas the monetary particulars of the deal stay undisclosed, Phantom confirmed that SimpleHash’s crew will be part of its ecosystem to assist “supercharge token knowledge for customers.” With the crew onboard, Phantom goals to push the boundaries of what’s doable for crypto knowledge accessibility.
We’ve bought huge information…
We’ve acquired @SimpleHashInc, the main token knowledge platform that gives real-time, complete blockchain insights. 🎉 pic.twitter.com/lbCirdzxu8
— Phantom (@phantom) February 26, 2025
Third Acquisition in Beneath a Yr
As a part of the acquisition, SimpleHash will steadily section out its standalone. Phantom mentioned in a blog post revealed February 26 that the corporate, established in 2022 had already knowledgeable clients concerning the service discontinuation.
“With SimpleHash now a part of Phantom, customers can anticipate a quicker, richer, and extra dependable expertise when interacting with their property. As a part of this transition to Phantom, SimpleHash has notified all current clients that the present service can be sundown,” reads the weblog publish.
With the companies discontinued, the crew will now focus completely on integrating its expertise into Phantom’s ecosystem, guaranteeing a easy transition.
Since final 12 months, Phantom has been steadily pushing to turn into a extra complete monetary platform for crypto customers. The corporate mentioned the newest acquisition of SimpleHash marks its third buy in beneath one 12 months.
Phantom beforehand acquired Blowfish in November 2024 to bolster safety measures and Bitski in Could 2024, increasing its attain within the Web3 pockets house. Nonetheless, with SimpleHash, the agency plans to concentrate on offering real-time market insights to customers.
Correct Token Information Insights
As a blockchain knowledge platform, SimpleHash already helps greater than 80 protocols. In line with the weblog publish, the agency processes hundreds of requests per second, making it one of the crucial sturdy token knowledge infrastructures within the trade.
By integrating SimpleHash, Phantom is guaranteeing that customers have entry to real-time worth monitoring for cryptocurrencies and non-fungible tokens (NFTs), instantaneous metadata updates, superior spam detection and scalable infrastructure that may deal with excessive visitors with ease.
Phantom CEO Brandon Millman believes the platform will considerably improve usability for Phantom customers.
“By bringing on SimpleHash, we’re guaranteeing that Phantom customers have probably the most correct and complete token knowledge. SimpleHash unlocks an entire new degree of usability for Phantom customers,” he mentioned.
In the meantime, Phantom is likely one of the main self-custodial wallets for Solana customers. Nonetheless, the multi-chain pockets has since expanded its capabilities to help the Ethereum blockchain, Polygon, Bitcoin and different blockchain networks making it a flexible selection for crypto customers.
The corporate gives customers the power to maneuver their property throughout its supported chains with options like token swapping, staking and NFT administration.
In January, Phantom closed its Sequence C funding spherical, elevating $150 million from enterprise capital corporations like a16z and Variant. At present, the Web3 pockets supplier is valued round $3 billion.
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Chimamanda is a crypto fanatic and skilled author specializing in the dynamic world of cryptocurrencies. She joined the trade in 2019 and has since developed an curiosity within the rising economic system. She combines her ardour for blockchain expertise along with her love for journey and meals, bringing a recent and fascinating perspective to her work.
