Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
Phantom browser
Tech and Marketing

Phantom adds the ability to use Ethereum and Polygon ecosystems

10.04.2023
2 min read

Phantom has expanded options for cryptocurrency wallet users

The Phantom browser improves its functionality for users. Now its Solana wallet can perform transactions with Ethereum and Polygon. So far, the new features are available in testing mode in the browser itself, as well as for iOS and Android devices.
This move will allow the Phantom service, designed for dApps and NFTs, to provide users with not just Solana blockchain, but also other popular coins. According to browser representatives, the new services will enable a unified ecosystem in the Web3 space and make the use of digital products more secure and understandable for most people. Phantom is ideally suited to create such solutions, in addition, it provides all the features for convenient cryptocurrency storage.
Phantom plans to expand integration with other coins in the future, following the concept of one wallet for different assets. And the service tries to make the functionality convenient not only for users but also for developers, providing them with wide opportunities. According to the Phantom idea, one wallet can be used to access all Web3 tools.PhantomIn the testing version, the integration with new systems does not work at full capacity yet, but soon it will be available for a large number of users. Thanks to the integration with Ethereum and Polygon, the Phantom service will not only be able to trade different currencies but also exchange tokens directly in the e-wallet. In addition, the developers also promise the ability to store NFTs in the three represented blockchains.
Phantom held another round of funding in 2022, which resulted in $109 million. This raised the valuation of the service to $1.2 billion. The main investor was Paradigm, and they also included Solana, Andreessen Horowitz, and others.
It should be noted that the Phantom wallet is considered the most popular for Solana. It belongs to the category of non-custodial and is characterized by the ease and high security of conducting transactions with cryptocurrencies and NFT.
As for the Solana ecosystem itself, it has shown instability over the past few months. In December 2022, its value fell to the lows of February 2021 but rose again in January 2023. It is now valued at over $400 billion. And the example of such fluctuations occurs not only in Solana. In general, after the collapse of the FTX exchange and other difficulties, the crypto market is going through a difficult time. As a result, investors are in no hurry to invest in the sector; they prefer to wait for some time until the situation in the industry stabilizes.

Tags: Tech and Marketing
0
Previous Post Hong Kong hosts the largest green bond sale in the sector Next Post Tallinn Stock Exchange evaluates its work for 2022

You Might Also Like

credit card
Tech and Marketing
DeFi credit card: a project of Kima and FinSec
18.09.2024
the model of live shopping
Tech and Marketing
How live shopping is changing the way we approach promotion
25.11.2022
european analogue to Apple Pay
Tech and Marketing
Norwegian company Vipps has created an analogue to Apple Pay
25.02.2025
fraud protection
Tech and Marketing
Financial fraud protection: an overview of innovative solutions
13.06.2023
banks create a digital wallet
Tech and Marketing
Major U.S. banks are developing their own digital wallet
26.04.2023
potential of generative AI technologies
Tech and Marketing
How Ireland is developing generative AI and distributed ledger technologies
05.09.2025

Popular Posts

  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Li Ka Shing: How can success be achieved without money and education?
  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Press Secretary
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Press Secretary
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Press Secretary
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Press Secretary
16.05.2020

Popular Posts

  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Spain’s economy performs best in the EU
  • Li Ka Shing: How can success be achieved without money and education?
  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram

© 2024 CHASLAU KONIUKH. ALL RIGHTS RESERVED. Expert in marketing and project management, international investments, financial analyst.

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics