Phantom, a number one crypto pockets within the Solana ecosystem, lately introduced its acquisition of the wallet-as-a-service platform, Bitski.
Within the coming months, Phantom plans to completely combine Bitski’s workforce and know-how into its ecosystem, and present Bitski merchandise will sundown as customers transition to Phantom’s embedded pockets options.
Whereas the phrases of the deal weren’t disclosed, the acquisition has been finalized with Bitski becoming a member of Phantom’s present workforce of over 80 workers.
Embedded Wallets for Mass Adoption
Phantom goals to simplify the onboarding course of for brand spanking new customers by eliminating the necessity to handle complicated seed phrases and decrease limitations to entry into the crypto market by permitting customers to enroll and log in utilizing solely their e mail addresses, Apple, Google, or X accounts with out compromising safety.
Brandon Millman, CEO of Phantom, celebrated the acquisition saying, “By bringing the Bitski workforce to Phantom, we’re not simply including technological experience, we’re aligning with a workforce that shares a typical imaginative and prescient that customers ought to be capable of signal into web3 apps as simply as any web2 app.”
Raj Gokal, Co-founder of Solana, expressed his pleasure and commented, “This transfer goes to make it a lot simpler for individuals to onboard to dApps and navigate the Solana ecosystem. Phantom is doing nice work to simplify issues and enhance the general consumer expertise, and we couldn’t be happier to help their efforts.”
Donnie Dinch, Co-founder and CEO at Bitski, additionally shared by way of Bitski’s official web site, “It is a huge step in direction of a future the place possession is a normal a part of the web. We’re thrilled to proceed our mission of creating possession accessible to everybody.”
Phantom is additional in search of collaboration from builders on the Solana blockchain to advance embedded wallets and onboarding options. Builders inquisitive about partnerships can attain out to Phantom to assist develop the ecosystem.
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Blockchain fanatic and lifelong gamer.
