Phantom

Phantom was founded in March 2021 by Chris Kalani, Francesco Agosti, and Brandon Millman and is a dynamic crypto wallet solution designed to manage NFTs and DeFi activities across Solana, Ethereum, and Polygon blockchains. The wallet offers a seamless experience accessible from Chrome, Android, and iOS platforms, catering to both casual users and seasoned crypto enthusiasts. With support for other prominent blockchains like Bitcoin, Phantom bridges the gap between various crypto ecosystems, allowing users to manage their digital assets with ease and security.

Why do users trust Phantom for securing their crypto assets?

Security is a paramount concern for Phantom. The wallet practices self-custodial security, meaning users have full control over their funds—Phantom does not have access. This ensures privacy and security by design, with no requirement for personal information such as names, emails, or phone numbers. Additionally, Phantom leverages scam detection technology to flag malicious transactions instantly, adding an extra layer of protection. For enhanced security, users can connect their Phantom wallets to a Ledger hardware wallet, further safeguarding their assets with industry-leading security protocols.

Key features of Phantom

• Multi-chain Support: Manage NFTs and DeFi assets across Solana, Ethereum, and Polygon seamlessly.
• User-friendly Interface: Accessible via Chrome, Android, and iOS, offering a streamlined user experience.
• Token Swaps and Staking: Quickly swap tokens at competitive rates and stake assets to earn rewards.
• Ledger Compatibility: Connect with Ledger for enhanced security.
• NFT Management: Pin, hide, burn, and list NFTs with ease.
• Transaction Monitoring: Keep track of activities with detailed transaction history and notifications.

Highlights about the origin and history of Phantom

Phantom was founded in 2021 and raised $9 million in a Series A funding round led by Andreessen Horowitz, Variant, Jump Capital, and others, which was pivotal for expanding its vision into a multi-chain wallet. One of the founders, Brandon Millman, is known for being a former senior engineer at Twitter and involved with the decentralized exchange 0x. In January 2022, the company secured a $109 million Series B funding round led by Paradigm, valuing Phantom at $1.2 billion. By the end of 2021, Phantom had over 1.8 million monthly active users, showcasing its rapid adoption. As of 2024, Phantom has over 4 million Chrome users and 10 Million Android users, indicating strong growth and trust in its platform.