Phantom Wallet Announces Support For Ethereum and Polygon

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Jeff Horseman
Jeff Horseman
Jeff Horseman got into journalism because he liked to write and stunk at math. He grew up in Vermont and he honed his interviewing skills as a supermarket cashier by asking Bernie Sanders “Paper or plastic?” After graduating from Syracuse University in 1999, Jeff began his journalistic odyssey at The Watertown Daily Times in upstate New York, where he impressed then-U.S. Senate candidate Hillary Clinton so much she called him “John” at the end of an interview. From there, he went to Annapolis, Maryland, where he covered city, county and state government at The Capital newspaper. Today, Jeff writes about anything and everything. Along the way, Jeff has covered wildfires, a tropical storm, 9/11 and the Dec. 2 terror attack in San Bernardino. If you have a question or story idea about politics or the inner workings of government, please let Jeff know. He’ll do his best to answer, even if it involves a little math.
  • Adding support for the two new blockchains was supposed to happen in Q1 of 2023.
  • Users may now trade assets across decentralized applications (dApps) like Uniswap.

Phantom, a cryptocurrency wallet for Solana blockchain users, has announced that it will begin public support for the Ethereum and Polygon blockchains on May 1 at 9 a.m. EST across browsers, iOS, and Android.

Adding support for the two new blockchains was supposed to happen in Q1 of 2023, but that deadline has been pushed out. Brandon Millman, CEO and co-founder of Phantom, told that the company’s 3 million customers would have access to the multichain integration.

Moreover, after raising $109 million at a $1.2 billion valuation in January 2022, Phantom released these additional features more than a year later. Paradigm led the funding round, which also included Andreessen Horowitz, Jump Capital, Solana, and others.

Banking on Multichain Growth

With Phantom wallet’s Ethereum and Polygon support, users may trade assets across decentralized applications (dApps) like Uniswap and Aave and NFT markets like Blur and OpenSea. MetaMask, Solana, and Ethereum Virtual Machine (EVM) wallets are now supported for importing user assets.

Furthermore, wallet owners may now trade, keep, and engage across all three blockchains (instead of just one), making Phantom accessible to a wider pool of crypto users beyond the millions it now has from the Solana ecosystem.

It is vital that Phantom has decided to open up to other blockchains because of the growing possibility of a multichain future and the possibility that other big players (such as MetaMask) may follow suit.

Phantom’s new feature may also facilitate cross-chain communication between dApps and other projects and their users.

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