Phantom Bolsters Network Support with Integration of Ethereum and Polygon for Enhanced Performance

Phantom Announces Simultaneous Support for Ethereum and Polygon Networks

Phantom, a popular self-custodial wallet, has recently announced its support for Ethereum and Polygon networks on its mobile app and browser wallets. This new feature will allow users to access a wider range of dApps across the Web3 landscape, including Magic Eden, Uniswap, Aave, Blur, and OpenSea. The move is significant in the crypto industry’s progress towards cross-chain interoperability.

Phantom Delivers on Its Promise of Interoperability

In November 2021, the Solana wallet announced support for Ethereum and Polygon. With Phantom’s latest development, users can interact with the three largest blockchains for digital collectibles in one place. This simplifies managing multiple accounts and assets across blockchains, removing the need to switch between wallets. Additionally, the new feature allows importing of existing MetaMask, Solana, and EVM wallets. The move is expected to broaden the user base of Phantom’s wallet, positioning it as a top choice for those who engage in multichain activities in the crypto space. Phantom CEO, Brandon Millman, said that the company is dedicated to leveraging their expertise from the Solana ecosystem to drive innovation in the wallet space. The company aims to provide the most versatile and user-friendly experience across all platforms, especially the three most prominent ecosystems: Ethereum, Polygon, and Solana. This commitment to delivering top-notch service and enhancing the user experience makes the wallet a leader in the crypto wallet space.

Phantom Enhances Security Features

Phantom has onboarded over 100,000 users since its Ethereum and Polygon support beta last fall. The rise in phishing and scam attacks on NFT holders has prompted the company to step up its security measures. In January, the company reported that it had scanned over 85 million transactions and blocked over 18,000 wallet-draining transactions. Phantom’s commitment to security measures is evident in its efforts to provide a safe and secure environment for its users. The company’s security measures include a built-in phishing detector, two-factor authentication, and the ability to whitelist certain addresses. By prioritizing security, Phantom provides a level of trust and reliability to its users, which is essential in the crypto industry.

Future Plans for Phantom

Phantom’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 believes that the future of digital asset management lies in cross-chain interoperability and is committed to providing its users with a versatile and user-friendly experience across all platforms. In conclusion, Phantom’s simultaneous support for Ethereum and Polygon networks on its mobile app and browser wallets marks a significant step towards cross-chain interoperability in the crypto industry. With the company’s focus on providing top-notch service and enhancing the user experience while prioritizing security measures, Phantom’s wallet is well-positioned to be a leader in the crypto wallet space.