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 part of Phantom to offer complete insights and real-time market information for customers.
- SimpleHash providers will probably be discontinued, permitting its group to focus totally on enhancing Phantom’s blockchain information capabilities.
Main decentralized pockets supplier Phantom has immediately 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 offer 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 part of its ecosystem to assist “supercharge token information for customers.” With the group onboard, Phantom goals to push the boundaries of what’s potential for crypto information accessibility.
We’ve obtained large 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 12 months
As a part of the acquisition, SimpleHash will step by step part out its standalone. Phantom mentioned in a blog post revealed 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 anticipate a sooner, richer, and extra dependable expertise when interacting with their property. As a part of this transition to Phantom, SimpleHash has notified all current clients that the present service will probably be sundown,” reads the weblog put up.
With the providers discontinued, the group will now focus totally on integrating its know-how into Phantom’s ecosystem, making certain a easy transition.
Since final 12 months, Phantom has been step by step pushing to change into a extra complete monetary platform for crypto customers. The corporate mentioned the most recent acquisition of SimpleHash marks its third buy in beneath 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 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. In line with the weblog put up, the agency processes hundreds of requests per second, making it one of the vital 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), instantaneous 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 mentioned.
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 flexibility to maneuver their property 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 trade 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 interesting perspective to her work.
