Quick take:
- Phantom sees an opportunity to work with the Polygon community to expand adoption of NFTs, games, and dApps.
- This wallet allows users to view Solana, Ethereum and Polygon NFTs in one place.
- A private multichain beta will be available in the coming weeks.
Solana-based wallet NFTs and decentralized app Phantom announced today that they are adding support for Ethereum and Polygon. In January, Wallet raised $109 million in a Series B round led by Paradigm, bringing the valuation to his $1.2 billion.
By adding support for Ethereum and Polygon, Phantom aims to create a single wallet that can be used for NFTs, games, and dApps.The company also Said “It was established for the purpose of migrating multi-chains to Ethereum,” he said.
Phantom says self-custody is now “more important than ever”. Perhaps it alludes to the fact that if exchanges or lending platforms collapse, users who store cryptocurrencies on those platforms will never be able to see them again. Ability to interact with the three largest blockchains in a unified interface.
Multichain wallets offer transaction previews that provide users with real-time alerts and human-readable transaction context, as well as a 24/7 support team to help users with anything they need.
It also allows users to manage NFT lists, burn spam, stay up-to-date with push notifications, and view NFTs across all file formats and devices, including Phantom’s browser extension.It also provides in-wallet discovery of new collections, transaction history of NFT bids, sales and listings
As Polygon gains user momentum and developer activity, Phantom is looking to bring its wallet into the Polygon ecosystem. The company sees similarities between its user base and his Polygon, both focused on low transaction fees, security, and scalability.
By partnering with Polygon, Phantom sees an opportunity to work with the Polygon community to expand the adoption of NFTs, games, and dApps.
The Phantom team also states that Ethereum support is a return to its roots, as the wallet leadership team has a deep understanding of Ethereum since the days of 0x. Additionally, many of his members on Phantom’s team have extensive experience with his Ethereum at companies such as Metamask, Consensys, and Coinbase Wallet.
Phantom plans to roll out invites to the beta in the coming weeks, followed by a public release soon. In the meantime, interested users can join Phantom’s waiting list Access your multi-chain wallet.
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