Phantom Wallet is a hot or web3 wallet that works as a mediator between Solana (SOL) blockchain and cryptocurrency users. Chris Kalani, Brandon Millman, and Francesco Agosti launched the wallet in 2021, intending to make cryptocurrency easy to use. The wallet offers a safe and straightforward way to receive and transact SPL tokens and connect to different dApps (decentralized applications) on the SOL blockchain.