Phantom Protocol is a next-generation “DeFi+NFT” solution that supports NFT issuance and fractional trading. Phantom includes the cross-chain DeFi protocol that supports synthetic asset generation and NFT issuance. Utilizing smart contracts, Phantom allows individuals to build synthetic assets (pAssets) in a decentralized manner with mainstream cryptocurrencies or NFT as collateral. Phantom enables more people to join in a diverse range of investments by lowering the obstacles to entry. Phantom is incubated by Conflux and invested by LD Capital, NGC Ventures, Kyros Ventures, Gate Labs, DFG, MXC among others.