Phantom, a number one crypto pockets within the Solana ecosystem, just 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 expertise into its ecosystem, and current 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 current workforce of over 80 workers.
Embedded Wallets for Mass Adoption
Phantom goals to simplify the onboarding course of for brand new customers by eliminating the necessity to handle complicated seed phrases and decrease boundaries 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 team to Phantom, we’re not just adding technological expertise, we’re aligning with a team that shares a common vision that users should be able to sign into web3 apps as easily as any web2 app.”
Raj Gokal, Co-founder of Solana, expressed his pleasure and commented, “This move is going to make it so much easier for people to onboard to dApps and navigate the Solana ecosystem. Phantom is doing great work to simplify things and improve the overall user experience, and we couldn’t be happier to support their efforts.”
Donnie Dinch, Co-founder and CEO at Bitski, additionally shared through Bitski’s official web site, “This is a big step towards a future where ownership is a standard part of the internet. We’re thrilled to continue our mission of making ownership accessible to everyone.”
Phantom is additional in search of collaboration from builders on the Solana blockchain to advance embedded wallets and onboarding options. Builders all for partnerships can attain out to Phantom to assist develop the ecosystem.
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Blockchain fanatic and lifelong gamer.