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Solana-Based Wallet Phantom Buys Web3 Specialist Bitski

Phantom, the leading crypto wallet in the Solana ecosystem, has bought Web3-focused browser extension wallet Bitski, the companies said on Tuesday. The Bitski team will be joining Phantom to bring embedded wallets to Solana, according to a press release. The financial terms of the deal were not disclosed. The recent non-fungible token (NFT) boom, which Bitski enthusiastically supported, saw an expansion of the Web3 ecosystem towards mainstream users, and with it usability challenges particularly when using mobile devices. Phantom has seen its user base double over the past three months to 7 million monthly active users.

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