Expanding to Bitcoin: Phantom Wallet Includes Inscriptions and BRC20s
In the crypto world, Ordinals and BRC20 tokens, built on Bitcoin, have gained significant popularity, prompting many companies to adopt the necessary infrastructure. Today, the Bitcoin blockchain has over 50 million inscriptions.
Phantom Wallet Enters the Bitcoin Realm
Phantom, the Web3 wallet that raised $109 million in Series B funding, announced its expansion into the Bitcoin market. The company recognizes Bitcoin’s foundational role, stating that it is the reason for the existence of Solana, Ethereum, and Web3.
In a recent announcement, Phantom shared, “Introducing Bitcoin on Phantom. You can now buy, sell, trade, transfer, and HODL Bitcoin, Ordinals, and BRC20 tokens with your favorite multi-chain wallet.”
Meeting the Demand for Bitcoin Digital Collectibles
Phantom’s integration of Ordinals and BRC20s aligns with the growing demand for Bitcoin-based digital collectibles and fungible tokens. Data from cryptoslam.io reveals that Bitcoin NFT sales have exceeded $400 million in the past week.
Beta Version and Additional Features
Phantom’s Bitcoin feature is currently in beta and is available for opt-in. Users can also connect with NFT marketplaces such as Magic Eden and Unisat, with more “trusted” applications to be added soon.
Hot Take: Expanding Possibilities with Phantom Wallet
With its expansion to include Bitcoin, Ordinals, and BRC20 tokens, Phantom Wallet opens up new possibilities for crypto enthusiasts. By integrating their existing Bitcoin wallets, users gain access to a seamless interface that allows them to manage their digital collectibles and fungible tokens across multiple chains. This move by Phantom Wallet reflects the growing significance of Bitcoin in the crypto space and highlights the demand for Bitcoin-based NFTs. As the integration expands and additional features are introduced, Phantom Wallet aims to cater to the needs of its diverse user base and become a trusted platform for navigating the Web3 ecosystem.
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