Phantom Acquires Bitski to Strengthen Solana Ecosystem
CryptoNewsTerminal Staff21 May, 2024
Phantom Acquires Bitski to Strengthen Solana Ecosystem
Phantom, a leading Solana-based crypto wallet, has acquired Bitski, a Web3 wallet backed by notable investors like Andreessen Horowitz (a16z) and Galaxy Digital. The acquisition price remains undisclosed. Phantom's acquisition of Bitski aims to bolster the Solana ecosystem by integrating Bitski's user-friendly features and developer tools. Bitski users will gradually migrate to Phantom, enhancing the accessibility and functionality of Solana wallets. This move is part of Phantom's ongoing commitment to expanding its offerings and solidifying its position as a key player in the Solana ecosystem. The acquisition follows Phantom's recent launch of a mobile version, further broadening its reach and catering to mobile-first users. With the addition of Bitski's expertise, Phantom aims to accelerate the growth of the Solana ecosystem by providing seamless and user-centric wallet solutions.
