Phantom’s march toward adding support for a variety of chains took another step as it announced that users can now trade and transfer bitcoin, Ordinals and BRC-20 tokens.
The wallet’s new optionality is “currently in beta so it’s 100% opt-in,” Phantom said in a post to X. “Without Bitcoin, there’d be no Solana, Ethereum, or web3. And for that, we’re forever grateful for Bitcoin and thrilled to launch it (in ₿eta) on Phantom,” it also said.
Phantom, known for being a Solana wallet, took its first steps toward becoming multichain when it added support for the Ethereum and Polygon blockchains. “We believe that 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 quick rise
After launching in 2021, Phantom quickly became a popular wallet, and, as of about a year ago, had more than 3 million active users. Ethereum developers are credited with creating the wallet, which has 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 a16z, Variant, Solana Ventures and Jump Crypto.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.