The Phantom digital wallet, which previously operated only on the Solana (SOL) blockchain, has announced that it will soon open to the Ethereum (ETH) and Polygon (MATIC) blockchains. With its simple and fluid interface, Phantom presents itself as a main competitor against the giant MetaMask.
Phantom Lands on Ethereum and Polygon
Rumors had been circulating for several weeks and the public was eagerly awaiting the announcement. It’s now official: the digital wallet Phantom will soon be compatible with Ethereum (ETH) and Polygon (MATIC) blockchains..
1/ Coming soon: one wallet for everything.
— Phantom (@phantom) November 29, 2022
Phantom is a cryptocurrency digital wallet, originally designed interact with Solana blockchain (SOL). It exists as a mobile app and web extension, available on Google Chrome, Brave, Firefox and Microsoft Edge browsers.
By making itself compatible with the Ethereum and Polygon blockchains, Phantom wants to “bringing communities together across the web3” to facilitate “acceptance by the general public”, as Brandom Millman, CEO and co-founder, explains to our colleagues at TechCrunch:
“Just like people don’t switch web browsers to access different websites, we believe Web3 needs one wallet to access everything you need. […] We always understood that the world would eventually evolve towards a multi-channel system. »
The new Ethereum and Polygon integrations are currently in beta, with target public launch in the first quarter of 2023. It is still possible to be on the waiting list to be among the first to experience the multi-chain use of the wallet.
Right now, Phantom demands an end 2.5 million daily users and more than 25 million transactions through decentralized applications per month. However, Solana’s recent decline – strongly related to the collapse of the FTX platform – had a direct impact on these figures and certainly justifies this opening to blockchain and other ecosystems.
With its fluid and easy-to-use interface, Phantom presents itself as a strong competitor to MetaMask, currently the leader in digital wallet on Ethereum. Moreover, the time seems to have been chosen perfectly. In fact, MetaMask found itself in turmoil after its parent company announced that it was collecting personal data from its users.
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