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§ Private Profile · San Francisco, CA, USA
Phantom is the leading non-custodial crypto wallet, designed for mass adoption.
Phantom has raised $293.0M across 6 funding rounds.
Key people at Phantom.
Phantom was founded in 2021 by Francesco Agosti (Founder) and Chris Kalani (Founder) and Brandon Millman (Founder).
Phantom has raised $293.0M in total across 6 funding rounds.
Phantom is a simple multichain crypto wallet designed to make crypto accessible for everyone, allowing users to manage tokens, NFTs, and transactions seamlessly.
Key people at Phantom.
# Phantom: The Gateway to Mass-Market Crypto Adoption
Phantom is a non-custodial cryptocurrency wallet that has emerged as one of the most widely adopted platforms in the Web3 ecosystem, with over 15 million users choosing it as their dedicated wallet[5]. The platform was purpose-built to democratize access to blockchain technology and decentralized applications, making crypto self-custody intuitive and accessible to mainstream users rather than just technical enthusiasts.
The wallet serves a critical function in the Web3 infrastructure stack: it acts as a bridge between users and the decentralized internet. Phantom solves the fundamental problem of how ordinary people can securely manage digital assets, interact with DeFi protocols, and participate in NFT ecosystems without requiring deep technical knowledge or trusting centralized intermediaries. The product has achieved remarkable growth momentum, establishing itself as the default entry point for millions entering the Solana ecosystem and increasingly across multiple blockchain networks[5].
Phantom emerged from a clear market need: existing crypto wallets were either too technical for newcomers or compromised on security and user experience. The wallet was specifically designed with crypto beginners in mind, recognizing that mass adoption would require removing friction from the onboarding process[8]. Rather than launching with a narrow focus, the team built Phantom with extensibility in mind—starting with Solana but architecting the platform to support multiple blockchain ecosystems from the ground up.
The platform's evolution reflects a deliberate strategy to expand beyond its Solana origins. While the wallet originated on Solana, it now supports Bitcoin, Ethereum, Base, Sui, and Monad, allowing users to manage assets across multiple chains through a single interface[5]. This multi-chain approach represents a maturation of the product vision: recognizing that the future of crypto would not be dominated by a single blockchain, Phantom positioned itself as a chain-agnostic gateway rather than a single-chain solution.
Rather than remaining tethered to Solana, Phantom built genuine multi-chain support, allowing users to seamlessly manage Bitcoin, Ethereum, Solana, Base, Sui, and Monad assets from one wallet[5]. This architectural decision differentiates it from single-chain competitors and positions it as a universal Web3 access layer.
Phantom doesn't force users to leave the wallet to trade or swap assets. The platform includes a built-in decentralized exchange aggregator that collates rates from multiple DEXes and offers users the best available pricing[1]. Users can also stake tokens, earn rewards, and access yield farming opportunities directly within the wallet interface[1].
The wallet treats NFTs as first-class citizens rather than an afterthought. Users can pin, hide, burn, and list NFTs directly within the interface, and can sell NFTs in just two clicks[2]. The platform seamlessly integrates with major NFT marketplaces, allowing users to showcase and manage their collections[2].
Phantom's DApp interactivity algorithm packages complex smart contract commands into simple prompts that wallet owners can easily sign[1]. This abstraction layer dramatically reduces friction for users interacting with decentralized applications, making Web3 feel less intimidating.
The wallet implements non-custodial architecture—users maintain complete control of their private keys and seed phrases, with Phantom never having access to recovery phrases[5]. Biometric security (fingerprint and facial recognition) is available on mobile, and users can enable notifications for transaction monitoring[5].
The interface was deliberately designed for accessibility. Setup takes under five minutes on both mobile and desktop, with clear onboarding flows that guide users through seed phrase generation and security setup[5]. The wallet presents asset details, transaction history, and DApp access through a clean, organized interface that doesn't overwhelm newcomers[1].
Phantom sits at the intersection of several powerful trends reshaping technology and finance. First, it represents the maturation of self-sovereign identity and asset ownership—a fundamental shift from Web2's custodial model where centralized platforms control user data and assets. As regulatory scrutiny on centralized exchanges intensifies and users become more security-conscious, non-custodial wallets like Phantom become increasingly essential infrastructure.
Second, Phantom is riding the wave of blockchain interoperability. The era of single-chain dominance is ending; the future is multi-chain. By supporting multiple blockchains, Phantom positions itself as the neutral interface layer that will matter regardless of which chains ultimately win market share. This is strategically brilliant—the wallet doesn't bet on Solana's success; it bets on the user's need for a unified experience across all chains.
Third, Phantom is enabling the mainstream adoption of Web3 applications. The barrier to entry for crypto has historically been technical complexity and security anxiety. By making wallet setup trivial and DApp interaction intuitive, Phantom removes the primary friction point preventing ordinary users from exploring blockchain applications. Every new user who successfully sets up Phantom and completes their first transaction represents a potential gateway to broader Web3 participation.
The wallet also influences the broader ecosystem by establishing user experience standards. Competitors must now match Phantom's ease of use or risk irrelevance. This competitive pressure raises the bar across the entire wallet category, accelerating the timeline for mainstream adoption.
Phantom has transcended its origins as a Solana wallet to become something more significant: a platform for Web3 mass adoption. With 15 million users and multi-chain support, the wallet has achieved critical mass and network effects that will be difficult for competitors to displace.
The trajectory forward likely involves deepening integration with real-world financial systems. The mention of a debit card tied to Phantom accounts suggests the team is thinking about bridging crypto and traditional finance—allowing users to spend their digital assets in the physical world. This represents the natural evolution of a wallet platform: from pure crypto infrastructure to a genuine financial operating system.
Phantom's influence will likely expand beyond individual users to become embedded in the infrastructure that institutions use to access blockchain networks. As institutional adoption of crypto accelerates, wallets that have already achieved mainstream trust and proven security will become the default choice for sophisticated users and organizations.
The company's success ultimately hinges on a simple thesis: whoever makes crypto feel as natural as email will win the mainstream market. Phantom has come closer to achieving this than any competitor, and with continued focus on user experience, security, and multi-chain support, it is well-positioned to remain the dominant gateway through which billions eventually enter Web3.
Phantom has raised $293.0M across 6 funding rounds. Most recently, it raised $150.0M Series C in January 2025.
Phantom was founded in 2021 by Francesco Agosti (Founder) and Chris Kalani (Founder) and Brandon Millman (Founder).
Phantom has raised $293.0M in total across 6 funding rounds.
Phantom's investors include CapitalG, Castle Island Ventures, Paradigm, Polygon, Sequoia Capital, Summit Partners, George Burke, 2xN, Kevin Hartz, Coatue, Craft Ventures, Electric Capital.
