Key Notes
- Phantom acquires SimpleHash to enhance real-time token and NFT information for customers, integrating the platform’s know-how into its pockets ecosystem.
- The deal will see SimpleHash’s group be a part of Phantom to supply complete insights and real-time market information for customers.
- SimpleHash providers shall be discontinued, permitting its group to focus completely on enhancing Phantom’s blockchain information capabilities.
Main decentralized pockets supplier Phantom has at the moment introduced the acquisition of SimpleHash, a blockchain information platform specializing in token and NFT analytics. The transfer is aimed toward enhancing the corporate’s capability to supply real-time asset insights, enhancing person expertise throughout its pockets ecosystem.
Whereas the monetary particulars of the deal stay undisclosed, Phantom confirmed that SimpleHash’s group will be a part of its ecosystem to assist “supercharge token information for customers.” With the group onboard, Phantom goals to push the boundaries of what’s attainable for crypto information accessibility.
We’ve bought huge 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 Underneath a Yr
As a part of the acquisition, SimpleHash will steadily part out its standalone. Phantom stated in a blog post printed February 26 that the corporate, established in 2022 had already knowledgeable prospects concerning the service discontinuation.
“With SimpleHash now a part of Phantom, customers can anticipate 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 prospects that the present service shall be sundown,” reads the weblog put up.
With the providers discontinued, the group will now focus completely on integrating its know-how into Phantom’s ecosystem, making certain a easy transition.
Since final 12 months, Phantom has been steadily 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 area. Nevertheless, with SimpleHash, the agency plans to concentrate on offering real-time market insights to customers.
Correct Token Knowledge Insights
As a blockchain information platform, SimpleHash already helps greater than 80 protocols. Based on the weblog put up, the agency processes 1000’s of requests per second, making it one of the crucial strong token information 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 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 likely one of the main self-custodial wallets for Solana customers. Nevertheless, the multi-chain pockets has since expanded its capabilities to assist 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 corporations like a16z and Variant. At present, the Web3 pockets supplier is valued round $3 billion.
Disclaimer: Coinspeaker is dedicated to offering unbiased and clear reporting. This text goals to ship correct and well timed info however shouldn’t be taken as monetary or funding recommendation. Since market situations can change quickly, we encourage you to confirm info by yourself and seek the advice of with an expert earlier than making any selections based mostly on this content material.
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 financial system. She combines her ardour for blockchain know-how together with her love for journey and meals, bringing a recent and fascinating perspective to her work.
