Phantom Wallet’s $150M Funding: Is This the Next Big Crypto Scam?

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  • So, Phantom just hit a $3 billion valuation. I mean, who knew wallets could be worth more than my entire life savings? 🤷‍♂️

  • They’re gonna use this $150 million to “encourage innovation.” Sounds fancy, right? Like they’re gonna invent a wallet that makes coffee too. ☕️

So, Phantom, this self-custody wallet, just snagged $150 million in Series C funding. And guess what? They’re now worth $3 billion. I can’t even get a decent sandwich for that kind of money! 🥪

They’ve got some big names backing them—Sequoia, Paradigm, and a16z. I mean, if I had a dollar for every time I heard those names, I’d probably have… well, a lot of dollars. 💰

Phantom Wallet: The New Crypto Superstar

With over 15 million monthly active users, Phantom is like the popular kid in school. You know, the one who gets all the attention while I’m over here just trying to figure out how to open a can of tuna. 🐟

In 2024, they bought Bitski and Blowfish. I don’t know about you, but I’m still trying to figure out how to blowfish my way through life. Brandon Millman, the CEO, says they want to make crypto “accessible, intuitive, and safe.” Sounds great, but can they make it so I don’t have to read a manual? 📚

Phantom’s valuation is up 150% from their last round. They’re like that kid who keeps getting taller while I’m still stuck at 5’8”. And they even ranked among the most-used iPhone apps. I can’t even get my mom to use my app! 📱

With this funding, they’re looking to form partnerships and make acquisitions. It’s like a high school dance, and they’re just trying to find a date for the prom. Will they be the king and queen of Web3? Only time will tell! ⏳

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2025-01-21 12:13