On November 29, Phantom, a well-known non-custodial crypto wallet designed for Solana, announced that it is extending its support to two other blockchains: “Ethereum and Polygon.”
The platform aims to create a multi-chain wallet that is pleasant, secure, and simple to use and that will enable the crypto ecosystem to enter its next stage of development.
Collaborating with Polygon will help the platform bring the “first-class wallet” to the Polygon ecosystem. With their focus on quick transactions at low costs, security, and scalability – there are striking resemblances between Phantom customers’ needs and those of Polygon’s.
In terms of user and developer activity, Polygon is making significant strides as a top scaling solution for Ethereum. As such, the platform saw an opportunity to work closely with Polygon to foster the growth of the NFT, gaming, and dapp ecosystems.
Phantom has committed itself as a valued ally for Polygon’s ecosystem. Additionally, they are thrilled to be supporting Ethereum. The platform said:
For much of our team that has worked in crypto for many years, it is a return to our roots.
Phantom Expanding For Multi-Chain Wallet Design
The platform claimed in a Twitter thread that it was initially built with the intention of switching to a multi-chain design to support Ethereum. They have been working diligently for months on designing a wallet that makes web3 more coherent for both consumers and developers.
According to the statement:
It’s clear that self-custody is now more important than ever. But the multi-chain future feels uncertain with how people are expected to manage different wallets on different chains.
However, invites to the public beta will be issued over the next weeks, and a public launch is anticipated shortly after.
The wallet experience will be improved in a few significant areas for the initial launch, including “No need to toggle.” Second, a self-custodial wallet that is user-friendly and offers best-in-class security. Third, the ideal location to store your NFTs.
Phantom’s CEO and co-founder, Brandon Millman, said to TechCrunch:
We want to bring communities together from across web3 with a safe and easy to use self-custody product that is suitable for mainstream adoption.
A public rollout is planned for the first quarter of 2023, he noted, adding that the new Ethereum and Polygon integrations are now active in beta mode on Phantom’s browser and iOS and Android applications.
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