Crypto wallet Phantom has announced the acquisition of NFT data platform SimpleHash. The deal aims to enhance accessibility and accuracy of NFT data.
Purpose of Acquiring SimpleHash
Phantom did not disclose the deal's value but stated that it aligns with its goal of making cryptocurrency more accessible. SimpleHash contributes to this mission by providing a platform that tracks real-time price movements, NFT metadata, and marketplace activity.
Enhancing Phantom's Capabilities
According to Brandon Millman, SimpleHash will enhance the multi-chain wallet’s usability, improving the experience for Phantom users. Following the acquisition, the SimpleHash team will join Phantom, and the platform’s current services will be phased out. SimpleHash is Phantom’s third acquisition in the past year.
Further Development of Phantom
In May 2024, Phantom acquired Bitski, an embedded wallet provider. This underscores the company’s commitment to simplifying and improving the user experience within the Solana ecosystem. In November, Phantom acquired Blowfish, a fraud protection and web3 security platform. These acquisitions are crucial for Phantom as it actively develops, strengthening its position as the most popular crypto wallet in the Solana ecosystem.
With the acquisition of SimpleHash, Phantom continues to expand its capabilities and improve user experience, remaining at the forefront of wallet development in the Solana ecosystem.
