Key Notes
- Phantom acquires SimpleHash to enhance real-time token and NFT information for customers, integrating the platform’s expertise into its pockets ecosystem.
- The deal will see SimpleHash’s staff be a part of Phantom to supply complete insights and real-time market information for customers.
- SimpleHash providers will likely be discontinued, permitting its staff to focus fully on enhancing Phantom’s blockchain information capabilities.
Main decentralized pockets supplier Phantom has right this moment introduced the acquisition of SimpleHash, a blockchain information platform specializing in token and NFT analytics. The transfer is aimed toward bettering the corporate’s potential 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 staff will be a part of its ecosystem to assist “supercharge token information for customers.” With the staff onboard, Phantom goals to push the boundaries of what’s potential for crypto information accessibility.
We’ve received massive information…
We’ve acquired @SimpleHashInc, the main token information platform that gives real-time, complete blockchain insights. 🎉 pic.twitter.com/lbCirdzxu8
— Phantom (@phantom) February 26, 2025
Third Acquisition in Below a Yr
As a part of the acquisition, SimpleHash will progressively part out its standalone. Phantom stated in a weblog submit 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 present clients that the present service will likely be sundown,” reads the weblog submit.
With the providers discontinued, the staff will now focus fully on integrating its expertise into Phantom’s ecosystem, making certain a easy transition.
Since final yr, Phantom has been progressively pushing to develop into a extra complete monetary platform for crypto customers. The corporate stated the most recent acquisition of SimpleHash marks its third buy in underneath one yr.
Phantom beforehand acquired Blowfish in November 2024 to bolster safety measures and Bitski in Might 2024, increasing its attain within the Web3 pockets area. Nonetheless, with SimpleHash, the agency plans to deal with offering real-time market insights to customers.
Correct Token Knowledge Insights
As a blockchain information platform, SimpleHash already helps greater than 80 protocols. In accordance with the weblog submit, the agency processes 1000’s of requests per second, making it some of the sturdy token information infrastructures within the trade.
By integrating SimpleHash, Phantom is making certain that customers have entry to real-time worth monitoring for cryptocurrencies and non-fungible tokens (NFTs), prompt metadata updates, superior spam detection and scalable infrastructure that may deal with excessive site 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 probably the most correct and complete token information. SimpleHash unlocks a complete 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 provides 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 the moment, the Web3 pockets supplier is valued round $3 billion.
subsequent
Disclaimer: Coinspeaker is dedicated to offering unbiased and clear reporting. This text goals to ship correct and well timed data however shouldn’t be taken as monetary or funding recommendation. Since market situations can change quickly, we encourage you to confirm data by yourself and seek the advice of with knowledgeable earlier than making any choices primarily based on this content material.
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 financial system. She combines her ardour for blockchain expertise along with her love for journey and meals, bringing a contemporary and interesting perspective to her work.
