The digital wallet Phantom, which previously only worked on the Solana (SOL) blockchain, has announced that it will soon open for the Ethereum (ETH) and Polygon (MATIC) blockchains. With its simple and fluid interface, Phantom presents itself as a major competitor to the giant MetaMask.
Phantom lands on Ethereum and Polygon
Rumors had been circulating for several weeks and the announcement was eagerly awaited by the community. It’s now official: the digital wallet Phantom will soon be compatible with Ethereum (ETH) and Polygon (MATIC) blockchains.
1/ Coming soon: one wallet for everything.
Happy to announce that we are adding support for @ethereum and @0xPolygon! pic.twitter.com/gOy9lZcxnI
—Phantom (@phantom) November 29, 2022
Phantom is a cryptocurrency digital wallet originally designed to interact with the Solana blockchain (SOL). It exists as a mobile app and web extension, available in Google Chrome, Brave, Firefox, and Microsoft Edge browsers.
By making itself compatible with the Ethereum and Polygon blockchains, Phantom “bringing together communities from all over the web3” ease “an adoption by the general public”, as Brandom Millman, CEO and co-founder, explains to our colleagues at TechCrunch:
“Just like people don’t switch web browsers to access different websites, we believe Web3 needs one wallet to access everything you need. […] We always understood that the world would eventually evolve into a multi-channel system. »
The new Ethereum and Polygon integrations are currently in beta, with a public launch target in the first quarter of 2023. It is still possible to join the waiting list to be one of the first to experience the multi-chain use of the wallet.
Currently Phantom is claiming over 2.5 million daily users and more than 25 million transactions via decentralized applications per month. Anyway, Solana’s recent decline – highly correlated with the fall of the FTX platform – has had a direct impact on these numbers and certainly justifies this opening up to other blockchains and ecosystems.
With its fluid and user-friendly interface, Phantom presents itself as a strong competitor to MetaMask, currently the leader in digital wallets on Ethereum. Moreover, the timing seems perfectly chosen. Indeed, MetaMask was in turmoil after its parent company announced it was collecting personal data from its users.
👉 Find our tutorial on how to buy Ethereum (ETH) in 2022
The No. 1 Stock Exchange in the World – Regulated in France
Binance
-10% off fees with code SVULQ98B 🔥
Source: TechCrunch
Newsletter 🍞
Receive a summary of crypto news by email every Monday 👌
What you need to know about affiliate links. This page presents assets, products or services related to investments. Some links in this article are affiliates. This means that if you buy a product or register on a site from this article, our partner pays us a commission. This allows us to continue to provide you with original and useful content. There is no impact on you and you can even get a bonus by using our links.
Investing in cryptocurrencies is risky. Cryptoast is not responsible for the quality of the products or services presented on this page and cannot be held responsible, directly or indirectly, for any damage or loss caused by the use of any good or service mentioned in this article. Investments related to crypto assets are risky in nature, readers should do their own research before taking any action and only invest within the limits of their financial capabilities. This article does not constitute investment advice.
AMF recommendations. There is no guaranteed high return, a product with a high return potential entails a high risk. Taking this risk should be in line with your project, your investment horizon, and your ability to lose some of this savings. Do not invest if you are not prepared to lose all or part of your capital.
To continue, please read our Financial Condition, Media Transparency and Legal Notices pages.
Journalist for Cryptoast, I strive to dissect every detail of the exciting world of cryptocurrencies and make it accessible and understandable to as many people as possible.
Lilian Aliaga
286 articles