Crypto wallet Phantom acquires token data platform SimpleHash
Powered by @unfolded- Phantom, a crypto wallet provider valued at $3 billion, has acquired SimpleHash, a token and NFT data platform, marking its third acquisition in recent months.
- The acquisition aims to enhance token and NFT data availability for Phantom's users by integrating SimpleHash's technology, although its existing services will be discontinued.
- SimpleHash, founded in 2022 and backed by Y Combinator, supports over 80 blockchains and provides real-time pricing and historical data services.
- Phantom's recent acquisitions, including Blowfish and Bitski, reflect a broader trend of increased M&A activity in the crypto sector, driven by market maturation and regulatory clarity.
https://www.theblock.co/post/343523/crypto-wallet-phantom-acquires-token-data-platform-simplehash