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 workforce be a part of Phantom to supply complete insights and real-time market knowledge for customers.
- SimpleHash companies shall be discontinued, permitting its workforce to focus totally on enhancing Phantom’s blockchain knowledge capabilities.
Main decentralized pockets supplier Phantom has right now introduced the acquisition of SimpleHash, a blockchain knowledge platform specializing in token and NFT analytics. The transfer is geared toward bettering the corporate’s capacity to supply 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 workforce will be a part of its ecosystem to assist “supercharge token knowledge for customers.” With the workforce onboard, Phantom goals to push the boundaries of what’s potential 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 step by step section out its standalone. Phantom stated in a blog post printed February 26 that the corporate, established in 2022 had already knowledgeable clients in regards to the service discontinuation.
“With SimpleHash now a part of Phantom, customers can count on a sooner, richer, and extra dependable expertise when interacting with their belongings. As a part of this transition to Phantom, SimpleHash has notified all current clients that the present service shall be sundown,” reads the weblog publish.
With the companies discontinued, the workforce will now focus totally on integrating its expertise into Phantom’s ecosystem, making certain a clean transition.
Since final 12 months, Phantom has been step by step pushing to turn out to be a extra complete monetary platform for crypto customers. The corporate stated the most recent acquisition of SimpleHash marks its third buy in underneath one 12 months.
Phantom beforehand acquired Blowfish in November 2024 to bolster safety measures and Bitski in Might 2024, increasing its attain within the Web3 pockets house. Nonetheless, with SimpleHash, the agency plans to give attention to offering real-time market insights to customers.
Correct Token Information Insights
As a blockchain knowledge platform, SimpleHash already helps greater than 80 protocols. In accordance with the weblog publish, the agency processes hundreds of requests per second, making it some of the strong token knowledge infrastructures within the business.
By integrating SimpleHash, Phantom is making certain that customers have entry to real-time worth monitoring for cryptocurrencies and non-fungible tokens (NFTs), immediate 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 making certain that Phantom customers have essentially the most correct and complete token knowledge. SimpleHash unlocks an entire new degree of usability for Phantom customers,” he stated.
In the meantime, Phantom is among 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 flexibility to maneuver their belongings throughout its supported chains with options like token swapping, staking and NFT administration.
In January, Phantom closed its Collection C funding spherical, elevating $150 million from enterprise capital firms 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 business in 2019 and has since developed an curiosity within the rising economic system. She combines her ardour for blockchain expertise together with her love for journey and meals, bringing a recent and interesting perspective to her work.
