Crypto Data

Phantom Wallet Preps Mobile Launch After Reaching 1.2 Million Users on Solana

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“The Phantom wallet is a popular way for Solana traders to navigate DeFi. It says a mobile version is coming soon.

Phantom, the popular cryptocurrency wallet and browser extension that allows Solana users to transact with DeFi protocols, says it is preparing to launch a mobile version of its wallet.

Chris Kalani, chief product officer and co-founder of Phantom, told Decrypt, the company is planning a “private beta around the holidays” with a full launch in January.

Phantom is Solana’s answer to MetaMask, the Ethereum wallet built to interact with decentralized finance (DeFi) and other applications on the network. Via DeFi protocols, crypto owners can take out loans, earn interest on their digital assets, and trade them with other users, all without relying on a financial intermediary. 

But to take advantage of the growing DeFi ecosystem on Solana, which now controls over $15 billion in assets, you need a crypto wallet that can integrate with the network’s nascent decentralized exchanges, lending protocols, and liquidity pools.  

hough there are other usable wallets, Phantom is perhaps the most popular. It allows traders to send, receive, or swap tokens within the Solana ecosystem. It also has options for buying, selling, and even creating NFTs, the digital deeds of ownership to digital and/or real collectibles.

The project recently touted reaching 1.2 million weekly active users. (Kalani assured Decrypt those were “not accounts or installs” but actual users.) Thus far, however, they’ve been confined to desktop, which is less than ideal for DeFi traders on the go. The mobile app, should it arrive on time, will give Solana DeFi traders a much needed resource in a market with limited options. Most other wallets, for instance, don’t support staking—dedicating SOL to the network so it can become more secure (and you can get rewarded in crypto).

“This means they can mint NFTs, stake tokens, and more while not being tied to their computers, which carries considerable weight considering how fast the Solana ecosystem currently moves,” said Phantom CEO and co-founder Brandon Millman in a press release.

Solana is indeed moving fast. The Solana coin recently overtook Tether to become the fourth-largest crypto asset by market capitalization. Phantom is growing along with it, according to the firm’s estimates. In July, it secured a $9 million Series A round led by Andreessen Horowitz. At the time, it claimed just 70,000 users.

In addition to Solana, Phantom is branching out to other blockchains, with a beta Ethereum wallet in the works. That’s all further down the road. Said Kalani, “Phantom is laser-focused on Solana.” Decrypt

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Blockchain Gaming

Esports Organization TSM FTX Partners With Solana and Serum-Powered NFT Game Aurory

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October 1, the global esports firm TSM FTX announced the launch of the organization’s first-ever non-fungible token (NFT) collection in partnership with the Solana blockchain-based NFT game Aurory.

TSM FTX Collaborates With Solana and Serum-Powered Blockchain Game Aurory

During the first week of June, FTX Trading Limited, revealed the crypto company inked a naming rights deal with the U.S. professional esports organization TSM for $210 million. The announcement said that the crypto firm would rename the esports organization “TSM FTX,” and the two companies would collaborate in a multi-year partnership arrangement.

On Friday, TSM FTX explained the company is launching the organization’s first-ever NFT collection. The NFTs were crafted by The Aurory game is similar to the blockchain-powered game Axie Infinity but leverages the Solana blockchain and Serum, a decentralized exchange (dex) built on Solana.

“Aurory is a JRPG computer game where people will evolve in a rich and diverse universe,” the game’s website details. “In this world, you will discover Antik and Cryptos, two different areas and biomes. You will meet several NPCs and the mystical creatures that are living in this world, called Nefties. Throughout your journey, you will own Nefties and use them to fight in awesome battles.”

TSM FTX Drops 4 NFT ‘Aurorians’

TSM FTX dropped four individual NFTs dubbed “Aurorians” and each one is wearing TSM merchandise like the 2017 LCS-winning jersey. There’s also a new 2021 version that features the TSM FTX logo, the announcement details.

“These exclusive avatars have multiple functions both in and out of the game,” TSM FTX explains. “Including acting as a player’s visual identity, allowing owners early access to play future game modes before they are made public, exclusive access to special modes and rewards, and much more.”

TSM FTX fans can also enter to win one of the exclusive NFT avatars and the firm says the remainder of the tokens will be auctioned at a later date. Concluding, TSM FTX says that the blockchain game Aurory aligns with TSM FTX’s “vision for the future.”

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Crypto News

Chainlink Partners With Solana, Launches Price Feeds On Solana Devnet

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Chainlink, an oracle network powering hybrid smart contracts, has partnered with Solana, a high-performance decentralized blockchain.

The partnership has enabled Chainlink’s Price Feeds oracle system for decentralized finance (DeFi) to be launched live on the Solana Devnet at sub-second updates. Chainlink says that it has planned mainnet integration for the oracle before the end of Q4. According to Chainlink, the integration was a result of months of close collaboration between Solana Labs and Chainlink’s development team.

Chainlink Price Feeds serves billions of dollars worth of transactions across the DeFi ecosystem, providing leverage to a wide network of professional nodes and institutional-grade benchmark providers. This generates global market-representative prices with robust coverage and multiple layers of decentralized security to ensure precision, uptime, and tamper-resistance, even during periods of extreme market volatility.

With the launch of Chainlink Price Feeds, developers on Solana can now leverage the oracle for highly decentralized, high-quality, and fast-updating price reference data, enabling them to build a wide variety of hybrid smart contract applications for the decentralized finance sector.

Chainlink Price Feeds has comprehensively aggregated data from sub-second data and analytics providers such as Coin Metrics, Cryptocompare, NCFX, Tiingo, and dxFeed, among others. The price feeds cover both crypto and traditional assets available for the public.

Chainlink now provides sub-second speeds on-chain without compromising on both quality and security because of its integration with Solana’s high-performance blockchain. Solana will support up to 65,000 transactions per second and diminished per-transaction fees. This addition of the Chainlink Price Feeds will bring decentralized finance development to a rapid phase to compete with centralized finance trade execution and risk management quality.

“With Chainlink Price Feeds providing sub-second updates on the Solana blockchain, smart contract developers will have the proven oracle infrastructure they need to build high-speed and tamper-proof DeFi applications. We are excited to be supporting the growth of the Solana ecosystem through oracle networks that provide end-to-end decentralization, data accuracy, and a wide range of secure off-chain services.” shared Chainlink co-founder Sergey Nazarov.” Cryptodaily

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice

Crypto Data Ecosystem

300 projects in the Solana Ecosystem.