Solana’s multi-chain crypto wallet now interacts with Polygon and Ethereum chains
According to a recent TechCrunch Articlethe Solana-based Phantom wallet will welcome users of the Ethereum (ETH) and Polygon (MATIC) chains on May 1.
Solana Wallet Adds ETH and MATIC
Initially, the wallet was supposed to start integrating these chains during the first quarter of this year. However, the start date has been postponed. According to wallet chief Brandon Millman, Phantom’s three million users will be exposed to the Solana, Ethereum and Polygon chains through the wallet.
Solana Wallet Phantom adds support for Ethereum and Polygon, which was originally planned for 2023Q1 but was delayed until today. Phantom has already completed $109 million to $1.2 billion in funding in January 2022. Paradigm led and A16Z participated.
– Wu Blockchain (@WuBlockchain) April 26, 2023
This became possible after the portfolio achieved a valuation of $1.2 billion after raising $109 million in early 2022; that is, a year has passed since then. The main players who participated in this investment round were Paradigm and Andreessen Horowitz, as well as Solana.
Integration with the aforementioned chains will give Phantom users exposure to decentralized platforms, like Aave and Uniswap, as well as NFT platforms, like OpenSea. Users will also be able to move their crypto from the MetaMask, Solana or EVM wallet to Phantom.
Also, users of this wallet have the ability to trade and hold cryptos. They will now be able to do so on three leading blockchains, rather than just one. Also, as mentioned above, Phantom users will now be able to interact with dApps and other multi-channel products.