What is Phantom

Phantom is a wallet and browser extension that can be used to manage digital assets and access decentralized applications on the Solana blockchain. It works by creating and managing private keys on behalf of its users, allowing them to store funds and sign transactions.

Phantom doesn’t have a token yet and could potentially launch a token in the future. Phantom has raised $118 million in funding from investors like a16z, Paradigm, and Solana Ventures. There’s a rumor that making a swap on the platform may make you eligible for an airdrop if they create their own token.