Phantom, a leading crypto wallet in the Solana ecosystem, recently announced the acquisition of wallet-as-a-service platform Bitski.
In the coming months, Phantom plans to fully integrate Bitski’s team and technology into its ecosystem, and existing Bitski products will disappear as users move to Phantom’s embedded wallet solutions.
Although terms of the deal were not disclosed, the acquisition has been completed and Bitski has joined Phantom’s existing team of more than 80 employees.
Built-in wallets for mass adoption
Phantom aims to simplify the onboarding process for new users by eliminating the need to manage complex initial sentences and lowering the barriers to entry into the crypto market by allowing users to sign up and log in using just their email address , Apple, Google or X accounts. without endangering safety.
Brandon Millman, CEO of Phantom, celebrated the acquisition, saying: “By bringing the Bitski team to Phantom, we are not only adding technology expertise, but joining a team that shares a common vision of empowering users Register web3 apps as easily as any other web2 app.”
Raj Gokal, co-founder of Solana, expressed his excitement, noting, “This move will make it so much easier for people to use dApps and navigate the Solana ecosystem. Phantom is doing a great job simplifying things and improving the overall user experience, and we couldn’t be happier to support their efforts.”
Donnie Dinch, co-founder and CEO of Bitski, also shared via Bitski’s official website: “This is a big step towards a future where ownership is a standard part of the internet. We are pleased to continue our mission to make ownership accessible to everyone.”
Phantom continues to seek developer collaboration on the Solana blockchain to advance embedded wallets and onboarding solutions. Developers interested in partnerships can contact Phantom to help grow the ecosystem.
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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational materials only. Individuals are required to fully research any product before making any form of investment.