Phantom Wallet To Launch Multichain App Support For Ethereum And Polygon

Key Points:

• Phantom will support the Ethereum and Polygon blockchains in a public launch that will span browsers, iOS, and Android.
• This development could boost Phantom’s popularity and put MetaMask’s position as a popular wallet under threat.
• Users will be able to view all of their holdings and NFTs in one place with the upgraded wallet.

According to TechCrunch, Phantom Wallet, Solana’s leading retail-facing self-custody cryptocurrency wallet, has announced that it will now support Ethereum and Polygon for all browsers, Android, and iOS users.

Three months ago, the initial plans to add support were shared. Phantom has expanded its services beyond Solana to include Ethereum and Polygon. Users can now take advantage of the wallet’s new assistance. This development could boost Phantom’s popularity and put Metamask’s position as a popular wallet under threat.

Phantom wallet users will be able to transfer assets across blockchains and dApps such as Uniswap and Aave, as well as NFT marketplaces such as Blur and OpenSea, thanks to support for Ethereum and Polygon. Existing assets from MetaMask, Solana, or Ethereum Virtual Machine (EVM) wallets can now be imported.

Brandon Millman, co-founder and CEO of Phantom, commented on the matter:

“We believe that the future of digital asset management lies in cross-chain interoperability, and we’re committed to providing our users with the tools and resources they need to easily navigate and transact across various blockchain networks. By bridging the gap between different protocols, we’re enabling a new era of decentralized innovation for all digital asset users.”

Phantom received a $1.2 billion valuation on a $109 million funding round in January 2022, more than a year ago. Paradigm led the round, which included participation from Andreessen Horowitz, Jump Capital, Solana, and other investors.

Phantom is a cryptocurrency wallet and browser extension that uses the Solana blockchain to simplify digital asset management and access to decentralized services.

Users can use the wallet to perform a variety of tasks, including purchasing, sending, receiving, transferring, and exchanging tokens and NFTs. It is available on mobile devices as well as web browsers, and it includes support for Solana dApps with Ledger Support.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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