In the near future, the Ethereum (ETH) and Polygon (MATIC) blockchains will be added to the Phantom digital wallet, which was previously restricted to the Solana (SOL) blockchain. Phantom positions itself as a significant rival to the enormous MetaMask thanks to its straightforward and fluid user interface.
Phantom arrives on Polygon and Ethereum.
The community has been anticipating the news for a number of weeks due to rumors. It is officially announced that the Ethereum (ETH) and Polygon (MATIC) blockchains will soon be interoperable with the Phantom digital wallet.
1/ Coming soon: one wallet for everything.
— Phantom (@phantom) November 29, 2022
Phantom is a digital wallet for cryptocurrencies that was first created to work with the Solana (SOL) network. It is a mobile app and web extension that works with the Microsoft Edge, Brave, Firefox, and Google Chrome browsers.
Phantom seeks to “bring together communities from all around Web3” to encourage “wide public acceptance”, as Brandom Millman, CEO and co-founder, explains to our colleagues at TechCrunch. Phantom is interoperable with the Ethereum and Polygon blockchains:
“Just like people don’t switch web browsers to access different websites, we believe Web3 needs one wallet to access everything you need. […] We have always understood that the world would eventually evolve towards a multi-channel system. »
The public introduction of the new Ethereum and Polygon integrations is planned for Q1 2023; they are presently in beta. You may still sign up on the waiting list if you want to be among the first to use a multi-chain wallet.
Phantom now claims to have over 2.5 million daily users and performs over 25 million transactions monthly through decentralized apps. But the recent decrease of Solana, which is closely tied to the demise of the FTX platform, has had a direct influence on these numbers and unquestionably validates this opening up to other blockchains and ecosystems.
Phantom positions itself as a formidable rival to MetaMask, which is currently the market leader in Ethereum digital wallets, with its fluid and user-friendly interface. Additionally, the time seems to be exactly right. In fact, MetaMask was in trouble after learning that its parent company was gathering user personal information.