Q We're growing to 2.4 million people. I know we're in early 2022, so it has to be in a year or less. Definitely the proof is in the pudding there on people being attracted to its ease of use. I know it's built on Solana. How did you make the call to build in that ecosystem?
A Actually from 2017 to 2021, before we started Phantom, the co-founders and myself all worked at this previous crypto startup called ZeroX, which was focusing on building DeFi technology on Ethereum. And so we actually have a very deep Ethereum background and worked in that space for a while. And while we were working there, we, we noticed that wallets were in general pretty hard to use and are mostly geared towards developers. We realized that in order to really bring crypto to the mainstream, We needed to develop an experience that was much more user-friendly. At the same time, the underlying Ethereum platform was becoming more and more expensive and less usable and approachable to the average consumer, so we decided we needed a faster and cheaper platform, and that platform ended up being Solana.
AI assessment note: “we decided we needed a faster and cheaper platform, and that platform ended up being Solana.”