Venture capital firms love growth, though winter forecasts settling into cryptocurrency, the forecast for the global crypto wallet is anything but cold. Estimates expect that the crypto wallet market will grow by $686.05 million between 2022 and 2026
Phantom, one of the best Solana-focused wallet apps, recently joined the unicorn club – thanks to closing a $109 million funding round led by Paradigm at a $1.2 billion valuation. That’s a whole bunch of VC love.
This milestone is just one of the many reasons we are thrilled that Brandon Millman, co-founder and CEO of Phantom, will be joining us on stage at TC Sessions: Crypto on November 17 in Miami.
We’ll talk to Millman about the rapid growth of consumer wallet startups, a topic he knows well. In the summer of 2021, Phantom had 40,000 active users when it closed a $9 million Series A from Andreessen Horowitz. When the monster unicorn round arrived six months later, the startup had 2.1 million active users and was adding 100,000 users a week.
As of February 2021, there were 82 cryptocurrency wallets with more than 68 million blockchain wallet users worldwide. We’re curious to hear how Phantom plans to differentiate itself from such a large, competitive field.
Other topics of discussion included the status of Phantom’s plan to go multichain, its plan to go mobile, the security challenges facing wallet providers, and how these startups can help reduce risk for new users. We’ll also talk about the cryptocurrency downturn and how consumer-focused web3 startups can make the most of the shrinking market and keep their bottom line strong.
Prior to the startup’s launch in April 2021, Millman served as the engineering lead for the Ethereum-focused open protocol 0x. Before joining 0x, he worked at Twitter as a senior engineer. Millman received his BSE in Electrical and Computer Engineering, Computer Science from Duke University.
Take advantage of our special introductory price — save $250 on general admission passes and $200 for Exhibitor Starter Packs while stocks last. Buy your pass or package today and then join the web3, DeFi and NFT communities on TC Sessions: Crypto on November 17 in Miami.
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