Phantom Introduces Beta Functionality for Base, Allowing Users to Navigate Its Ecosystem
In Brief
Today, Phantom has unveiled beta functionality for Base, enabling users to delve into the ecosystem while handling all their activities through one wallet.
A self-custodial crypto wallet Phantom has announced the introduction of beta functionality for Base on Coinbase’s Ethereum Layer 2 blockchain. This enhancement enables users to navigate the Base ecosystem while managing all their transactions from one wallet.
Additionally, users can now enjoy the integrated features of Solana, Ethereum, Bitcoin, and Base all through a single interface. They can send, receive, and purchase various tokens like USDC and ETH on Base using a range of payment options such as debit and credit cards, Apple Pay, or Coinbase. Furthermore, users can engage in decentralized finance (DeFi) and non-fungible token (NFT) ecosystems, along with many other valuable functionalities.
At the same time, security is being bolstered with features like Ledger integration, spam filtering, and transaction simulation. Users can connect their Ledger devices via both the mobile application and browser extension, enhancing the security of their crypto assets. Also, a scam detection feature will quickly identify and flag any suspicious transactions.
Currently, support for Base is in its beta phase and participation is entirely optional. To enable Base, users simply need to open their Phantom wallet on either mobile or browser, access the ‘Settings,’ click on ‘Active Networks,’ and turn on the ‘Base’ option.
Phantom Wallet Broadens Its Horizons with Multi-Blockchain Compatibility
Phantom Wallet is a non-custodial digital wallet and browser extension designed to provide users with a safe and user-friendly method to handle their digital assets. Initially built for the Solana blockchain , it has now extended its support to encompass Ethereum, Polygon, and Bitcoin, while still being recognized as a top choice for Solana transactions.
The wallet was originally developed by a group of Ethereum experts and features a browser extension that facilitates access to DeFi applications. In early 2022, Phantom secured $109 million in Series B funding, spearheaded by Paradigm, alongside contributions from companies like a16z, Variant, Solana Ventures, and Jump Crypto.
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