Phantom Launches Bitcoin Support on Its Wallet
Phantom, a popular Solana wallet, has expanded its offering by adding support for Bitcoin. This move marks Phantom’s entry into the world of multichain functionality. The wallet had previously supported Ethereum and Polygon blockchains. According to Brandon Millman, co-founder and CEO of Phantom, the company believes in the importance of cross-chain interoperability in the future of digital asset management.
Phantom’s Success Story
Since its launch in 2021, Phantom has gained significant popularity and amassed over 3 million active users. The wallet was created by Ethereum developers and offers a browser extension for accessing decentralized finance applications. In early 2022, Phantom secured $109 million in Series B financing led by Paradigm, with participation from a16z, Variant, Solana Ventures, and Jump Crypto.
About the Author
RT Watson is a senior reporter at The Block, specializing in various topics including U.S.-based companies, blockchain gaming, and NFTs. With a background in entertainment journalism at The Wall Street Journal and experience covering corporate and political news in Brazil for Bloomberg, RT brings a wealth of expertise to his reporting.
Hot Take: Phantom Expands its Reach with Bitcoin Integration
Phantom’s decision to add Bitcoin support to its wallet demonstrates its commitment to becoming a multichain platform. By embracing cross-chain interoperability, Phantom aims to provide users with more options for managing their digital assets. This strategic move positions the wallet as an all-in-one solution for crypto enthusiasts who want to access different blockchain networks seamlessly. With its rapid rise in popularity and successful funding rounds, Phantom continues to solidify its position as a leading player in the crypto wallet space.
Theon Barrett shines as a distinguished crypto analyst, accomplished researcher, and skilled editor, making significant strides in the field of cryptocurrency. With an astute analytical approach, Theon brings clarity to intricate crypto landscapes, offering insights that resonate with a broad audience. His research prowess goes hand in hand with his editorial finesse, allowing him to distill complex information into accessible formats. Theon’s work serves as a guiding light for both experienced enthusiasts and newcomers, providing well-researched perspectives that empower informed decision-making in the ever-evolving realm of cryptocurrencies.
