Business News Report

Now featuring the Ethereum and Polygon blockchains, the Solana Phantom Wallet continues to evolve.

In Brief

Phantom, Solana's crypto wallet, has just rolled out support for Ethereum and Polygon blockchain networks.
These new integrations are currently in a beta phase and are expected to launch publicly in early 2023.
phantom crypto
Source: Phantom

The self-custody wallet Phantom has significantly broadened its horizon by adding Ethereum and Polygon to its supported blockchains. The cryptocurrency company has detailed that this integration is actively being tested on desktop, iOS, and Android platforms, with a full launch anticipated in Q1 2023. announced By embracing support for three distinct networks, the crypto wallet is expanding its capabilities beyond its original Solana foundations. Users can now also manage NFT collections and tap into decentralized applications using this wallet.

Phantom positions itself as a preferable alternative to centralized exchanges and services that manage user data. Its self-custodial nature allows users complete control over their digital asset keys, ensuring a user-friendly experience.

Thanks to the new integrations with Ethereum and Polygon, Phantom enables users to trade cryptocurrencies and NFTs seamlessly across all three blockchain ecosystems, while also reinforcing security measures within the NFT market.

“Collaborating with Phantom empowers us to create a wallet filled with features that are intuitive and ready for everyday consumers engaging with Polygon-based applications,”

Since its inception, Phantom has attracted over 3 million users, averaging more than 2.5 million sessions daily, along with an impressive tally of over 25 million decentralized application transactions every month.

said  the CEO of Polygon Studios, Ryan Watt. 

One of Phantom's standout achievements was the launch of an in-wallet token swapper in June, which facilitates token exchanges among users and has already surpassed a total swap volume of $1 billion.

Launched in 2021 by the trio of co-founders Brandon Millman, Chris Kalani, and Francesco Agosti, the motivation behind Phantom stemmed from their dissatisfaction with Metamask's user experience.

“We aimed to address the frustrations with Metamask and the challenges of developing user-friendly applications on Ethereum. The critical issue that has always loomed over us was whether this blockchain could accommodate mainstream adoption and cater to millions of users,”

The company raised $109 million during its Series B funding round, spearheaded by Paradigm, which elevated its valuation to $1.2 billion. Other notable investors include Jump Capital, Solana, Variant, and venture capital firm Andreessen Horowitz (a16z).

Agosti stated. 

In January,  Phantom closed Phantom isn't the only wallet rooted in Solana that has started integrating with other blockchain ecosystems; the NFT marketplace Magic Eden is also jumping on the bandwagon.

This shift towards supporting additional blockchains comes as Solana works to regain its footing in the ever-volatile crypto market. crypto company Please consider that the details presented on this page are for informational purposes only and should not be regarded as legal, tax, financial, or investment guidance. It’s crucial to only invest what you can afford to lose and to seek independent financial advice if you have any uncertainties. For additional information, we recommend reviewing the terms and conditions along with the support resources available from the issuer or advertiser. MetaversePost is dedicated to delivering accurate and unbiased news, though market conditions may fluctuate without prior notice. integrated Ethereum and Polygon Agne, a journalist for Metaverse Post, reports on the latest trends and advancements within the metaverse, AI, and Web3 sectors. Her enthusiasm for storytelling drives her to conduct numerous interviews with industry experts, always on the lookout for engaging narratives. Agne possesses a Bachelor's degree in literature and has a rich background in writing about diverse subjects, including travel, art, and culture. She has also volunteered as an editor for an animal rights organization, where she contributed to raising awareness about animal welfare issues. You can reach her at

Disclaimer

In line with the Trust Project guidelines Gate Dubai has obtained a full operational license from VARA, extending its compliant presence in the Middle East.

From AlphaFold 3 to Med-Gemini and beyond: Discover how AI is revolutionizing healthcare in 2024.

AI is making a significant impact on healthcare, from identifying new genetic correlations to enhancing robotic-assisted surgical systems.

Know More

Copyright, Permissions, and Linking Policy

The Solana Phantom Wallet has now incorporated Ethereum and Polygon blockchains, as highlighted by Metaverse Post.

Know More
Read More
Read more
Business News Report Technology
OpenAI has introduced new features to ChatGPT, broadening its capabilities for search and shopping.
News Report Technology
Shardeum has empowered its validators and launched an autoscaling mainnet roadmap.
News Report Technology
Bitcoin, Ethereum, and Toncoin witnessed a notable rally last week - here's a comprehensive update and perspective on what’s ahead.
Press Releases Business Markets Technology
Exploring how various cryptocurrency initiatives contribute to charitable causes from Ripple to The Big Green DAO.