Wallets and Whims: Sui Joins the Phantom Party!

In a world where wallets are more than just places to keep your loose change (and perhaps a few questionable receipts), the non-custodial crypto wallet known as Phantom has decided to throw its hat into the ring of the layer-1 blockchain Sui. Yes, you heard that right! 🎩💰

After a rather dramatic announcement back in the frosty days of early December, the two platforms have finally confirmed that they are indeed on speaking terms. With this integration, Sui has become the first Move-based blockchain network to cozy up to the Phantom wallet. It’s like a blockchain ball, and everyone’s invited! 🕺💃

This momentous occasion means that SUI holders can now strut their stuff in the multichain wallet, allowing millions of Phantom users to access this top 20 cryptocurrency token without having to resort to carrier pigeons or smoke signals. Not to mention, Phantom boasts a staggering 15 million monthly active users—because who doesn’t want to be part of a digital crowd? 📈

“The launch of Sui as the first Move-based chain on the Phantom Wallet validates what the community has accomplished in the past year,” declared Christian Thompson, the managing director of the Sui Foundation, probably while wearing a very serious expression. “Sui’s time has arrived, and it is clear that the ecosystem is ready to onboard the next billion users into crypto,” he added, likely while sipping a cup of optimism. ☕✨

But wait, there’s more! Beyond the ability to send, receive, and manage SUI on Phantom, users will also gain access to Sui token standard assets like BLUE and SEND. It’s like a buffet of digital delights! The integration supports swaps and connects to top decentralized applications, including Suilend, Bluefin, Navi, and Aftermath. Because who doesn’t want to navigate the wild seas of decentralized finance? 🏴‍☠️

Phantom, which launched as a Solana (SOL)-centric wallet in 2021, has since morphed into one of the crypto market’s most beloved wallets. Its growth has been nothing short of spectacular, featuring in-app token swaps, staking, non-fungible token storage, and multichain integration. This latter feature led to its expansion to the layer-2 blockchain Base in November 2024, because why not? 🚀

“When we transformed Phantom into a multichain wallet in 2023, we did so with the commitment that only the most capable chains would be integrated into the app,” said Brandon Millman, the chief executive officer of Phantom, probably while wearing a cape. “Sui’s focus on scalability and its superior user experience aligns perfectly with Phantom’s goal of making crypto accessible for everyone.” And by everyone, he probably means even your great-aunt Edna who still thinks the internet is a series of tubes. 🥴

In a final flourish, Phantom raised a whopping $150 million in its Series C round at a $3 billion valuation. The platform announced this development on January 17, noting that it received backing from venture capital firms Sequoia, Paradigm, and a16z Crypto. All in all, the wallet provider has raised a grand total of $268 million in VC funding. That’s a lot of digital coins! 💸

2025-01-29 19:36

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