Phantom Solana Wallet Adds Ethereum and Polygon Support
Tue, 02 May 2023, 09:40 am UTC
Phantom, a self-custodial wallet, has added simultaneous support for Ethereum and Polygon networks to its mobile app and browser wallets. With this update, users can now access dApps across the Web3 landscape, including Uniswap, Aave, blur, OpenSea, and Magic Eden.
The company aims to simplify managing multiple accounts and assets across blockchains, removing the requirement to switch between wallets and adding the ability to import existing MetaMask, Solana, and EVM wallets.
Phantom first announced support for Ethereum and Polygon in November 2021, with the goal of providing the ability to interact with the three largest blockchains for digital collectibles in one place. According to the company, the new features will simplify managing multiple accounts and assets across blockchains.
Phantom CEO Brandon Millman said the company is dedicated to leveraging its expertise from the Solana ecosystem to drive innovation in the wallet space to deliver the most versatile and user-friendly experience across all platforms, especially the three most prominent ecosystems: Ethereum, Polygon, and Solana.
"As crypto continues to go multichain, our wallet stands out as the premier choice for users," Millman added.
The Phantom wallet has onboarded over 100,000 users since its Ethereum and Polygon support beta last fall, the company says. In addition to broadening its user base, Phantom has stepped up its security measures in light of a rise in phishing and scam attacks on NFT holders. In January, Phantom said it had scanned over 85 million transactions and blocked over 18,000 wallet-draining transactions.
Phantom's 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. The company believes that the future of digital asset management lies in cross-chain interoperability and is committed to providing its users with the tools and resources they need to easily navigate and transact across various blockchain networks.
"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," Co-Founder and CEO Brandon Millman said in a statement.
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