Phantom Wallet now supports Ethereum and Polygon networks

Phantom wallet
  • The Phantom wallet has added simultaneous support for Ethereum and Polygon networks to its mobile app and browser wallets, giving users access to dApps across the Web3 landscape.
  • This move will simplify managing multiple accounts and assets across blockchains and will allow users to import existing MetaMask, Solana, and EVM wallets.
  • The Phantom wallet has onboarded over 100,000 users since its Ethereum and Polygon support beta last fall and has stepped up its security measures in light of a rise in phishing and scam attacks on NFT holders. Future plans include the introduction of instant NFT sales and the development of a bridge to enable the transfer of assets between the Solana and Ethereum networks.

Phantom, a popular mobile and browser wallet, has added support for Ethereum and Polygon networks, allowing users to access dApps across the Web3 landscape. The wallet first announced support for Ethereum and Polygon in November 2021, with the goal of providing users with the ability to interact with the three largest blockchains for digital collectibles in one place. The company has stated that the new features will simplify managing multiple accounts and assets across blockchains, removing the requirement to switch between wallets and adding the ability to import existing MetaMask, Solana, and EVM wallets.

Since its launch in March 2021, Phantom has onboarded over 100,000 users since its Ethereum and Polygon support beta last fall, following the launch of an iOS wallet in January 2022 and an Android version in April 2021. Aside from broadening its user base with these additions, Phantom has also stepped up its security measures in response to a rise in phishing and scam attacks on NFT holders. In January, Phantom said it had scanned over 85 million transactions and blocked over 18,000 wallet-draining transactions.

Phantom CEO Brandon Millman said that the wallet’s future plans include the introduction of instant NFT sales and the development of a bridge to enable the transfer of assets between the Solana and Ethereum networks. The company is committed to providing users with the tools and resources they need to easily navigate and transact across various blockchain networks.

Visited 1 times, 1 visit(s) today

Stay ahead in the financial world – Sign Up to Rateweb’s essential newsletter for free. Get the latest insights on business trends, tech innovations, and market movements, directly to your inbox. Join our community of savvy readers and never miss an update that could impact your financial decisions.

Do you have a news tip for Rateweb reporters? Please email us at

Sponsored

Start trading with a free $30 bonus

Trade stocks, forex, commodities, metals and CFDs on stock indices with an internationally licensed and regulated broker. For all clients who open their first real account, XM offers a $30 trading bonus without any initial deposit needed. Learn more about how you can trade over 1000 instruments on the XM MT4 and MT5 platforms from your PC and Mac, or from a variety of mobile devices.

Related

Personal Financial Tools

Below is a list of tools built to assist South Africans to make the best financial decisions:

Latest

Rateweb

South Africa’s primary source of financial tools and information

Contact Us

admin@rateweb.co.za

Disclaimer

Rateweb strives to keep its information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products, shopping products and services are presented without warranty. When evaluating offers, please review the financial institution’s Terms and Conditions.

Rateweb is not a financial service provider and should in no way be seen as one. In compiling the articles for our website due caution was exercised in an attempt to gather information from reliable and accurate sources. The articles are of a general nature and do not purport to offer specialised and or personalised financial or investment advice. Neither the author, nor the publisher, will accept any responsibility for losses, omissions, errors, fortunes or misfortunes that may be suffered by any person that acts or refrains from acting as a result of these articles.