PANews reported on May 21 that Solana wallet Phantom has acquired Bitski, a wallet-as-a-service platform backed by well-known investors such as Andreessen Horowitz (a16z) and Galaxy Digital, according to The Block. As part of the acquisition of Bitski, Phantom plans to introduce embedded wallets to Solana to provide an easy entry experience similar to web2. Users will soon be able to choose to register and log in to Phantom using only their email address. Phantom co-founder and CEO Brandon Millman said that Bitski's team (including its co-founders) will join Phantom and expand its current team of more than 80 people.
Bitski has raised at least $25.5 million in funding from investors including a16z, Galaxy Digital, Coinbase Ventures, Winklevoss Capital, Kindred Ventures, American billionaire rapper Shawn "Jay-Z" Carter, and former American professional tennis player Serena Williams. Phantom has raised a total of $118 million in funding to date from investors including a16z, Paradigm, Solana Ventures, Variant, and Alliance.
