Phantom, a non-custodial browser extension and cryptocurrency wallet, has announced it has raised $109 million in a Series B funding round led by Paradigm alongside past investors, including a16z, Variant, Solana Ventures, and Jump Capital.
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The company said in an announcement that it will use the raised funds to further onboard users, expand the multi-chain wallet support and scale the team. The latest investment round brings the company's total valuation at $1.2 billion. Phantom says its users collectively staked over 112.4 million SOL (over $10 billion), swapped over $1.35 billion in tokens and made over 55M NFTs, DeFi and app transactions.
Last December, Phantom canceled its initiative to sell 7,000 NFTs so that the owners of the tokens could get early access to the iOS app. The company behind the project wrote on Twitter it had never meant to alienate anyone and never intended on profiting from the auction in any way. The purpose of the Dutch Auction was to let the community find a fair price for the invite," the company said.
Meanwhile, Opera announced a partnership with Solana Labs to add support for the Solana blockchain and Solana dApps in Q1, 2022. The namesake company behind the browser said that Solana's technology will help onboard more people to Web3 and DeFi.
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