Phantom Protocol (PHM) is a next-generation DeFi+NFT solution supporting fractional trading and NFT issuance. Non-fungible tokens (NFT) can be issued via a smart contract system and minted into NFT tokens which provide higher liquidity for transactions of NFTs. NFT is an exclusively created synthetic asset by Phantom anchored in the value of real-world assets. Phantom includes a cross-chain protocol for its DeFi applications which are supporting NFT issuance and asset generation. Cross-chain is a technology enhancing the interconnection between blockchain networks by allowing the exchange of information and value.

Phantom allows users to build synthetic assets in a decentralized way using a smart contract with NFT as collateral or mainstream cryptocurrencies. Phantom allows users to trade fractional non-fungible tokens while getting engaged in GameFi applications with platform-issued NFT trading characters and items. 

Phantom Protocol (PHM) has many different attributes, such as PHM supporting multi-market asset aggregation. Users are not restricted to the range of assets they require, for instance, securities, NFT, cryptocurrency, etc. PHM is also capable of mortgaging a wide range of assets. Users can mortgage multiple assets by joining Phantom in order to create synthetic assets native coins, stablecoin, NFTs, etc. 

There are some main features of Phantom which can be divided into three different categories: NFT issuance includes NFT and token, Multimarket synthetic asset support, and cross-chain compatibility & AMM (Automated Market Maker) liquidation. Phantom is currently working with various e-sports market influencers to explore collaborations for combining e-sports and blockchain. 

Phantom Protocol (PHM) was introduced and built by a team of experienced developers in the field of crypto. The team also included Johnny, a formal chief technology officer at Meituan who has been in charge of MXC SpaceM projects. The PHM token was first deployed in December 2021.