Leading Solana-based self-custodian wallet Phantom said Tuesday it would expand across the Ethereum and Polygon blockchains to enable user interaction on both platforms through the launch of its multi-chain wallet.
The protocol is the second crypto project from the Solana ecosystem to add support to external blockchains this month.
Recall that Magic Eden had on November 22 announced that it would integrate the Polygon network into its marketplace with plans to launch other innovative solutions to the protocol in the future.
Today, another platform from the Solana ecosystem has followed in its footsteps.
MultiChain Wallet
Sharing the latest developments on Twitter, the platform, which prides itself on being a user-friendly gateway to the Web 3 ecosystem, noted that Phantom was built to adopt multiple chains to make Web 3 accessible to both users and software developers.
Phantom said it aims to bring the three protocols together so that users can easily access all their crypto assets, non-fungible tokens (NFTs) and digital collectables in a single product.
8/ By creating a safe and easy-to-use multichain wallet, we aim to bring these amazing ecosystems together into a single, delightful product experience that makes web3 accessible for everyone.
— Phantom (@phantom) November 29, 2022
Brandon Millman, CEO and co-founder of Phantom, told TechCrunch that the company is moving from a “mono-chain wallet to a multi-chain wallet.”
“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. We’re graduating from a mono-chain wallet to a multi-chain wallet. It was always our goal to bring Phantom to a multi-chain world. It was always our understanding that the world was moving to a more multi-chain world, so it’s something that is more of a homecoming for us,” said Millman.
Beta Phase
According to the announcement, the wallet is in beta and will be fully integrated into the two ecosystems in early 2023. The upcoming product is designed to support Android and iOS browser extensions.
The Solana-based platform said it would soon roll out invites for the public pilot before the official launch next year. Meanwhile, the Solana crypto wallet, with direct competition with the likes of MetaMask, hit $1.2 billion in valuation after its series B fundraising in January.
