With this acquisition, the Bitski staff can be becoming a member of Phantom to carry embedded wallets to Solana, make onboarding simpler for customers and builders, and unlock new use circumstances.
Why Bitski?
Bitski was based in 2016 and is a supplier of embedded wallets. With almost a decade of expertise, the corporate has a confirmed observe file in web3. Since launch, Bitski has constructed developer-friendly web3 instruments and labored with main manufacturers comparable to Adidas, Main League Soccer (MLS), and WWE.
By means of its embedded pockets know-how and infrastructure, Bitski permits builders to create wealthy pockets experiences and customers to sign-in to apps utilizing their electronic mail handle or Apple, Google, or X accounts. This acquisition will assist Phantom pave the way in which for mainstream crypto adoption.
Commenting on this acquisition, officers from Phantom mentioned they’re pleased to welcome Bitski to the Phantom household. By means of this, they’re not simply including technological experience, they’re aligning with a staff that shares a typical imaginative and prescient that customers ought to be capable to signal into web3 apps as simply as any web2 app.
The way forward for onboarding
Solana’s acquisition of Phantom goals to introduce embedded wallets, easing onboarding to dApps and navigating the ecosystem. Phantom prioritises simplification and person expertise enhancement, supported by Solana’s cofounders.
By eliminating the necessity for seed phrases, Phantom plans to streamline web3 app utilization, guaranteeing a seamless transition akin to web2 apps. Their seedless self-custody strategy addresses considerations of complexity and serves as a contemporary answer for security and safety.
This innovation opens doorways to numerous person demographics and builders, fostering new use circumstances and alternatives within the crypto house. With a deal with accessibility and safety, Phantom anticipates broader participation and accelerated innovation within the digital financial system.