This strategic move is expected to significantly elevate the wallet’s functionalities and expand its user base. With this integration, users will be able to seamlessly switch between the Solana, Ethereum, and Polygon networks, streamlining the management of their assets across different chains.
Views From the Phantom CEO
Brandon Millman, the CEO of Phantom, has expressed his enthusiasm for the new multi-chain integration with Ethereum and Polygon. He sees this integration as a significant milestone for both Phantom and the DeFi ecosystem as a whole.
The integration is expected to make it easier for users to access a wider range of services and applications, and Millman is excited about the impact it will have on the industry. The integration will be launched in the coming weeks and can be accessed through the Phantom wallet app.
About the Integrations
Phantom’s forthcoming launch in Q1 2023 will be a game-changer for its 3 million users. The addition of Ethereum and Polygon support will revolutionize the way anyone transfers assets across different blockchains and interacts with dApps such as Uniswap, Aave, and even the NFT marketplaces such as OpenSea and Blur.
As a new addition, users of Phantom wallet can now efficiently transfer their current assets from Solana, Ethereum Virtual Machine (EVM) wallets, and MetaMask.
Other Phantom Updates
The successful funding round for Phantom in January 2022, which saw the wallet company reach a valuation of $1.2 billion, included participation from Paradigm, Andreessen Horowitz, Jump Capital, Solana, and other investors.
Furthermore, Phantom is also implementing proactive measures to tackle the increasing menace of phishing by launching advanced security functionalities in its system.
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