Phantom Solana Wallet Expands To Ethereum And Polygon Networks

Key Points:

• Self-custodial wallet Phantom adds Ethereum and Polygon support, widening access to dApps across the Web3 landscape.
• Phantom CEO Brandon Millman says the company’s expertise from the Solana ecosystem drives innovation in the wallet space, delivering the most user-friendly experience on Ethereum, Polygon, and Solana.
• Phantom steps up its security measures in light of rising phishing and scam attacks on NFT holders, including the blocking of over 18,000 wallet-draining transactions.

Self-custodial wallet Phantom has recently announced that it now supports simultaneous use of Ethereum and Polygon networks on its mobile app and browser wallets.

This is great news for users who now have a wider access to dApps across the Web3 landscape, including popular ones like Magic Eden, Uniswap, Aave, blur, and OpenSea.

The addition of support for both networks was first announced by the popular Solana wallet in November 2021, with the aim of providing the ability to interact with the three largest blockchains for digital collectibles in one place. Phantom CEO Brandon Millman explained that the company is dedicated to leveraging their expertise from the Solana ecosystem to drive innovation in the wallet space, in order to deliver the most versatile and user-friendly experience across all platforms, especially the three most prominent ecosystems: Ethereum, Polygon, and Solana.

With the new features, users can now easily manage multiple accounts and assets across blockchains, without the need to switch between wallets. Additionally, users can now import their existing MetaMask, Solana, and EVM wallets. Phantom CEO Brandon Millman said, “As crypto continues to go multichain, our wallet stands out as the premier choice for users.”

Aside from broadening its user base with these additions, Phantom has also stepped up its security measures in light of a rise in phishing and scam attacks on NFT holders. The company has scanned over 85 million transactions and blocked over 18,000 wallet-draining transactions.

Phantom has onboarded over 100,000 users since its Ethereum and Polygon support beta last fall, the company says. Future plans include the introduction of instant NFT sales and the development of a bridge to enable the transfer of assets between the Solana and Ethereum networks. Co-founder and CEO of Phantom, Brandon Millman, said in a statement, “We believe that the future of digital asset management lies in cross-chain interoperability. We’re committed to providing our users with the tools and resources they need to easily navigate and transact across various blockchain networks.”

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