30 Nov 2022
Phantom Wallet Will Soon Support Ethereum and Polygon, Posing New Threat to MetaMask
Phantom wallet has announced that it will soon support the Ethereum (ETH) and Polygon (MATIC) blockchains, creating competition for popular non-custodial wallets like MetaMask.
By way of Twitter, Phantom has announced its intention to grow into a multichain existence, with the Ethereum network as its initial focus.
“Phantom was actually founded with the intent of going multichain towards Ethereum, and we have been hard at work for months developing a wallet that makes web3 more cohesive for both users and developers. And by partnering closely with the Polygon team, we’re offering a first-class wallet experience for the rapidly growing number of NFTs, games, and apps powered by Polygon.”
Phantom, possibly referring to the failure of FTX, says that users are uncertain about managing multiple wallets on different chains, even though self-custodying crypto assets is “more important than ever.”
“No need to toggle. Phantom is your companion for the Ethereum, Polygon and Solana ecosystems in a single wallet. In the same way people don’t switch web browsers to access different websites, we believe web3 needs one wallet to access what you need seamlessly.”
Phantom also highlights the wallet's support for non-fungible tokens (NFTs), citing features like spam burning, a listing manager, and the ability to view NFTs within a browser extension.
Phantom's new wallet, previously only available on the Solana (SOL) blockchain, has a waitlist.
Disclaimer: Nothing on this site should be construed as a financial investment recommendation. It’s important to understand that investing is a high-risk activity. Investments expose money to potential loss.
