Phantom’s march to add support for a variety of chains has gone one step further with the announcement that users can now trade and transfer Bitcoin, Ordinals, and BRC-20 tokens.
The wallet’s new option is “currently in beta, so it’s 100% optional,” Phantom said. Posted on. “without Bitcoin BTC
+3.14%
Phantom, known as the Solana wallet, has taken its first steps towards multichain by adding support for the Ethereum and Polygon blockchains. “We believe the future of digital asset management lies in cross-chain interoperability,” Brandon Millman, co-founder and CEO of Phantom, said at the time.
Phantom’s rapid rise
Phantom has quickly become a popular wallet since its launch in 2021, with over 3 million active users as of just over a year ago. Ethereum developers are credited with creating a wallet with a browser extension for accessing decentralized finance applications.
Phantom raised $109 million in Series B financing in early 2022 in a round led by Paradigm with participation from a16z, Variant, Solana Ventures, and Jump Crypto.
Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.
© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.
About the author
RT Watson is a senior reporter at The Block, covering a variety of topics including US-based companies, blockchain games, NFTs, and more. He previously covered entertainment for The Wall Street Journal, writing about Disney, Netflix, Warner Bros. and the creator economy, focusing primarily on technological disruption across media. Previously, she covered corporate, economic and political news in Brazil at Bloomberg. She interviewed a variety of figures for RT, including CEOs, media moguls, top influencers, politicians, blue-collar workers, drug traffickers, and convicted criminals. She holds a Master’s degree in Digital Sociology.