Self-custody pockets Phantom amplifies its assist for 2 extra blockchains, Ethereum and Polygon. The crypto firm introduced that the combination is stay in beta mode for desktop, iOS, and Android apps, with a public launch coming within the first quarter of 2023.
The crypto pockets will broaden its consumer attain to a few networks as a result of, till now, Phantom was utterly Solana-based. At the moment, customers can even use the pockets to retailer NFTs and decentralized purposes.
Phantom believes its pockets is the very best various to centralized exchanges and firms that carry consumer knowledge. It’s self-custodial (customers management the keys to their digital property) and simple to make use of.
With the brand new Ethereum and Polygon integrations, Phantom will permit customers to commerce cryptocurrencies and NFTs throughout the three blockchain ecosystems whereas enhancing safety issues for the NFT market.
“Working with Phantom will permit us to ship a feature-rich pockets that’s prepared for mainstream customers to make use of when interacting with apps powered by Polygon,”
mentioned the CEO of Polygon Studios, Ryan Watt.
Phantom has onboarded over 3 million customers since its creation, with greater than 2.5 million consumer classes per day and over 25 million decentralized software transactions per thirty days.
One among Phantom’s greatest successes was an in-wallet token swapper launched in June. The characteristic permits customers to alternate tokens with different customers and has already accomplished over $1 billion in whole swap quantity.
The pockets was launched in 2021 by co-founders Brandon Millman, Chris Kalani, and Francesco Agosti. The founders shared that the concept of Phantom got here from the frustration of utilizing the Metamask pockets.
“(It was) frustration with Metamask, and frustration with attempting to construct consumer-friendly apps on Ethereum. The massive elephant within the room has at all times been transactions (on Ethereum) and might this chain truly deal with mainstream utilization and hundreds of thousands of customers,”
Agosti said.
In January, Phantom closed a $109 million Sequence B funding spherical led by Paradigm, which gave the corporate a $1.2 billion valuation. Different collaborating buyers embody Leap Capital, Solana, Variant, and Andreessen Horowitz (a16z).
Phantom isn’t the one Solana-focused crypto firm that has lately determined to embrace different blockchain ecosystems. Solana’s NFT market Magic Eden built-in Ethereum and Polygon blockchains as Solana struggles to make a powerful comeback within the crypto market.
