Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
According to a recent TechCrunch article, Solana-based Phantom wallet is going to welcome users of Ethereum (ETH) and Polygon (MATIC) chains on May 1.
Solana's wallet adds ETH and MATIC
Initially, the wallet was scheduled to start integrating these chains during Q1 of this year. However, the start date was postponed. According to the chief of the wallet Brandon Millman, all three million users of Phantom will be exposed to the Solana, Ethereum and Polygon chains via the wallet.
Solana Wallet Phantom adds support for Ethereum and Polygon, which was originally scheduled for the 2023Q1, but was delayed until today. Phantom once completed a financing of $109 million at $1.2 billion in January 2022. Paradigm led and A16Z participated. https://t.co/MimvkmqvMc
— Wu Blockchain (@WuBlockchain) April 26, 2023
This has become possible after the wallet obtained a valuation of $1.2 billion after the $109 million fundraising round at the start of 2022; that is, a year has passed since then. The leading players who participated in that investment round were Paradigm and Andreessen Horowitz, along with Solana.
Integration with the above-mentioned chains will provide Phantom users with exposure to decentralized platforms, like Aave and Uniswap, and also to NFT platforms, such as OpenSea. Users will also be able to move their crypto from MetaMask wallet, Solana or EVM to Phantom.
Besides, users of this wallet have options to trade and hold crypto. They will now be able to do it on three leading blockchains, rather than just one. Besides, as mentioned above, Phantom's users will now be able to interact with dApps and other multichain products.
Vladislav Sopov