Phantom Acquires SimpleHash To Enhance NFT Data Tracking

Disclosure

Updated: 27 February 2025

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

Join Our Telegram channel to stay up to date on breaking news coverage

Phantom, a renowned multi-chain crypto and non-fungible token wallet services provider, has acquired SimpleHash, a token data platform, to enhance real-time price tracking, non-fungible token metadata, and marketplace activity. This announcement has led to immediate market reactions, with Phantom’s native token, PHANT, experiencing a 5.3% price surge from $1.13 to $1.19 within the first hour.

Phantom is getting even better!

— Kumeka Team (@KumekaTeam) February 26, 2025

Phantom Acquires SimpleHash

In a February 26 press release, Phantom confirmed that they had acquired SimpleHash, a token data platform. Under the acquisition, the SimpleHash and Phantom teams will join hands to supercharge token data tracking for Phantom users, ensuring they get the most accurate and high-performance wallet experience possible. In a short statement after the acquisition, Brandon Millman, CEO of Phantom, remarked:

“By bringing on SimpleHash, we’re ensuring that Phantom users have the most accurate and comprehensive token data. SimpleHash unlocks a whole new level of usability for Phantom users.”

In turn, Olly Wilson, the co-founder of SimpleHash, remarked:

“Joining Phantom allows us to scale our technology and bring even more powerful Token and NFT data to millions of users. We’re excited to push the boundaries of what’s possible for crypto data accessibility.”

Launched in 2021, Phantom is a non-custodial crypto and non-fungible token wallet services provider. The NFT wallet was founded in San Francisco, California, by Brandon Millman, Chris Kalani, and Francesco Agost. Phantom is a go-to wallet for crypto and non-fungible tokens on Solana, Ethereum, and Polygon. Phantom is a great crypto and NFT wallet, especially due to its smooth user experience and easy staking options.

In terms of security, Phantom is one of the most secure crypto and non-fungible token wallets. It has enhanced features, including multi-chain support, phishing protection, NFT tools, and staking rewards of up to 9% APY on Solana. Phantom claims to have over 15 million monthly active users and has overseen $20 billion in annual swap volume and $25 billion in self-custody assets.

Phantom X SimpleHash Integration

On the other hand, SimpleHash is a non-fungible token market data platform specializing in infrastructure for multi-chain NFT indexing and querying. This industry-leading token data platform provides real-time, comprehensive blockchain insights. Supporting over 80 chains with infrastructure that handles thousands of requests per second, SimpleHash has set the standard for token data reliability.

The token data platform is renowned for delivering real-time prices, accurate historical data, and instant on-chain updates. These essential features will help Phantom NFT users make informed decisions about their digital assets. Phantom anticipates leveraging SimpleHash functionality to give its users a faster, richer, and more reliable experience when interacting with their assets.