According to the company exclusively, Phantom is expanding its support to two more blockchains, the ones that are related to Solana.
According to Brandom Millman, CEO and co-founder of Phantom, the company is expanding users' access to all three of the ecosystems by adding support for the two other platforms. It is our goal to bring communities together from across web3 with a safe and easy to use self-Custody product that is suitable for mainstream adoption.
Millman said that the public launch of the new integrations will take place in the first quarter of 2020. Users can trade, receive and swap NFTs in its wallet.
A multi-chain wallet is graduating from a mono-chain wallet. We wanted Phantom to be a multi-chain world. It was always our understanding that the world was moving towards a more multi-chain world.
There is a new window.
The co-founders of Phantom used to work in the 0x financial protocol and wanted to integrate it into their wallet.
Phantom has over 25 million dApp transactions per month. It launched an in-wallet token swapper in June that has completed over $1 billion in swap volume and has cost less than 1 cent in network fees.
After closing a $109 million funding round, Phantom became a $1.2 billion company. There are other investors in the wallet.
Millman noted that the coin world is changing quickly. When it came to multi-chain, people didn't think it was going to be a thing, but they saw it as the only place for users and developers to interact with the world of web 3. It is accepted that the world is moving to a multi-chain world, and there are competitors to Solana.
Millman doesn't think there will be a world with thousands of chains, but one with about three to five majorBlockchains. There will be consolidation around it.
The Phantom team will work with Polygon to create a wallet that is compatible with the layer-2Blockchain. "Phantom will allow us to deliver a feature-rich wallet that's ready for mainstream consumers to use when interacting with apps powered by Polygon," said Ryan Wyatt, CEO of Polygon Studios.
Millman said that Phantom will consider making its wallet native with other ledgers. The whole wallet space is going to be growing a lot, especially in the wake of some of the failures around centralized systems. There will be a lot of non-custodial and self-custodial systems in the forefront.
The non-custodial wallet wants to focus on security and protecting users against malicious transactions and websites that could compromise their wallet, assets or permission.
The ability for a user to understand what they are authorizing when interacting with a web3 application has been improved by the company. Over 20,000 wallets have been prevented from being drained thanks to our transaction preview technologies.
Millman said that Phantom has taken down over 2,000 fake websites that targeted Solana communities.
Millman believes that Phantom will become the onboarding point and discovery point for users entering web3 in the future. If a user wants to interact with web3 they need to download our app. That is our goal.
All Rights Reserved © 2024
