The popular Solana wallet launches on iOS mobile devices.
Over the weekend, Phantom Wallet made a massive announcement.
Phantom for iPhone is finally here! Everything you can do on desktop, now in your pocket. The power of Phantom and @solana everywhere you go!
— Phantom (@phantom) January 31, 2022
Much like its Ethereum-based competitor, MetaMask, the non-custodial wallet is now usable on iOS mobile devices. Users can still collect NFTs and participate in the SOL ecosystem. But, they can do this now directly from their mobile devices.
With the launch of the mobile app, Phantom also announced a $109 million Series B seed round. This brings the company to a total valuation of $1.2 billion, only six months after launch. The seed round, led by Paradigm, cements Phantom as not only the lead wallet on Solana, but one of the top crypto wallets in the entire space. With 2.1 million active users, there is no doubt this wallet is here for the long run.
The Importance of a Mobile Solana App
We can’t understate how important this is for the growth of the space. Let’s take a look at some stats.
Spoiler alert: a shocking amount of people have access to mobile phones, and the iOS operating system specifically.
According to Statista, there were 6.378 billion smartphone users in 2021. That number is expected to grow to 7.5 billion by 2026. As of the beginning of 2021, 1.65 billion Apple devices are in active use, a billion of which are iPhones.
Worldwide, personal computer access is also very low. Only 47.1% of households in the world had access to a personal computer in 2019.
Phantom Wallet is now accessible to almost double the number of people worldwide that it was previously. If that doesn’t make you more bullish on this ecosystem, I’m not sure what will.
The Future of Solana
We took a look at Solana Pay today in this article by Lawrence. Lightning-fast payments on the cheap Solana network, now fully mobile, is a massive move for the network.
As this ecosystem continues to expand, let’s look for some profit opportunities. Solana NFTs are really undervalued right now, for example. Now with mobile support for iOS users, and the rumored integration with OpenSea, NFTs from this space are ready to explode. Projects like:
are a few examples of blue-chip Solana NFT collections that are going to see massive gains this quarter. If you see the gas fees on the ETH network when trading NFTs and wonder why people even bother, the Solana ecosystem is for you. Start investing now, and reap the benefits in the very near future as more users onboard onto the network.
NOTE: Remember always to do your research, make your own decisions, and invest in projects that interest you!
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