Crypto Wallet for Solana Phantom Expands Support for Ethereum and Polygon
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Nov. 29, 2022

Phantom, a cryptocurrency wallet initially designed to be focused on the Solana ecosystem only, has announced it is working on support for Ethereum and Polygon.

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According to a tweet published on Tuesday, there won't be immediate support for the networks as the team behind the wallet will be rolling out invites to public beta in the next few weeks. In a tweet thread, the team noted that Phantom was "actually founded with the intent of going multichain."

It is expected that non-fungible tokens (NFTs) based on the Polygon protocol will also be supported on Phantom.

Scammers Target Phantom Users with Fake NFTs

In January this year, Phantom raised $109 million in a Series B funding round led by Paradigm alongside past investors, including a16z, Variant, Solana Ventures, and Jump Capital.

The company said then that the funds would be used to further onboard users, expand the multi-chain wallet support and scale the team. The latest investment round brings the company's total valuation at $1.2 billion. Phantom says its users collectively staked over 112.4 million SOL (over $10 billion), swapped over $1.35 billion in tokens and made over 55M NFTs, DeFi and app transactions.

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