The popular self-custody wallet for Solana-based DApps and NFTs, Phantom, is expanding its support to two well-known blockchains, Ethereum and Polygon. With the expansion to Ethereum and Polygon, Phantom seeks to broaden users’ access from only Solana to all three of the ecosystems.
Brandon Millman, CEO and co-founder of Phantom said that the move intends to bring communities together from across web3 with a safe and easy-to-use self-custody product that is suitable for mainstream adoption.
With the “one wallet for everything” concept, Phantom has made web3 more cohesive for both users and developers. Similar to how people don’t change web browsers to visit various websites, Web3 only needs one wallet to access everything you require seamlessly, stated Phantom in a tweet.
The new Ethereum and Polygon integrations are currently live in beta mode on Phantom’s browser, iOS, and Android applications. The public launch is expected in the first quarter of 2023. This integration will enable users to trade, receive, and swap tokens in its wallets as well as collect NFTs across all three blockchains.
Earlier this year, Phantom raised $109 million in a Series B funding round led by Paradigm to expand its cross-platform capabilities beyond Solana. The latest transition from a mono-chain wallet to a multi-chain wallet demonstrates the firm determination of Phantom to hit a milestone in the evolving crypto world.
Milliman expressed his enthusiasm for the expansion saying, “It was always our goal to bring Phantom to a multi-chain world. It was always our understanding that the world was moving to a more multi-chain world so it’s something that is more of a homecoming for us.”
