Quick take:
- Phantom sees an opportunity to collaborate with the Polygon community to grow the NFT, gaming, and dApp adoption.
- The wallet will allow users to see their Solana, Ethereum and Polygon NFTs in one place.
- A private multi-chain beta will go live in the coming weeks.
Solana-based wallet for NFTs and decentralised apps, Phantom, today announced that it is adding support for Ethereum and Polygon. In January, the wallet raised $109 million in a Series B funding round led by Paradigm, at a valuation of $1.2 billion.
In adding support for Ethereum and Polygon, Phantom aims to create a single wallet that can be used for anything NFT, gaming and dApp-related. The company also said that it was “founded with the intent of going multichain towards Ethereum.”
Phantom says that self-custody is now “more important than ever” – perhaps alluding to the fact when an exchange or lending platform collapses, users who keep their crypto on those platforms may never see them again – and that it aims to give users the ability to interact with three of the largest blockchains in a unified interface.
The multi-chain wallet will offer transaction previews that provide users with real-time warnings and human-readable transaction context as well as a support team available 24/7 to help users with whatever they need.
It will also allow users to manage NFTs listings, burn spam, stay updated with push notifications, and showcase their NFTs across all file formats and devices including Phantom’s browser extension. It also offers In-wallet discovery of new collections, transaction history for NFT bids, sales and listings
With Polygon gaining user momentum and developer activity, Phantom wants to bring its wallet to the Polygon ecosystem. The company sees similarities between is user base and Polygon’s as both place an emphasis on low transaction fees, security and scalability.
In partnering with Polygon, Phantom sees an opportunity to collaborate with the Polygon community to grow the NFT, gaming, and dApp adoption.
The Phantom team also says that its support for Ethereum is a return to its roots as the wallet’s leadership team has a deep understanding of Ethereum from their time at 0x. In addition, many of Phantom’s team members have had extensive experience with Ethereum at companies such as Metamask, Consensys, and Coinbase Wallet.
Phantom will be rolling out invites to its beta in the next few weeks with a public launch planned soon after. In the meantime, interested users can join Phantom’s waiting list to access the multi-chain wallet.
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