Markets News Report
December 21, 2023

Phantom Solana Wallet Adds Bitcoin, Ordinals and BRC-20 Support

In Brief

Crypto wallet Phantom announced it is now compatible with Bitcoin, Ordinals and BRC-20 tokens, after Ethereum and Polygon blockchain support.

Phantom Solana Wallet Adds Bitcoin, Ordinals and BRC-20 Support

Self-custody crypto wallet Phantom announced it is now compatible with Bitcoin, Ordinals and BRC-20 tokens. Bitcoin support is currently available in beta, allowing any Phantom wallet holder to activate it in app settings, with the ability to import Bitcoin, Ordinals and BRC-20 from existing Bitcoin wallets.

Known primarily as a Solana wallet, Phantom made an initial move towards becoming a multichain wallet by expanding its compatibility with the support of Ethereum and Polygon blockchains.

“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”

stated Phantom.

Launched in 2021, Phantom gained popularity, with over 3 million active users approximately a year ago.

Originally created by Ethereum developers, the wallet has a browser extension for 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.

​​Phantom Expands Multichain Capabilities

Earlier this year, Phantom expanded beyond its native Solana to add support for dApps and assets on Ethereum and the scaling network Polygon, broadening users’ access to dApps across the Web3 landscape, including Magic Eden, Uniswap, Aave, Blur and OpenSea.

The recent Phantom announcement is part of the ongoing trend indicating that Bitcoin, traditionally positioned outside the dynamic realm of NFT ecosystems such as Ethereum and Solana due to its absence of smart contract support, is gaining centrality in the digital asset economy.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

More articles
Alisa Davidson
Alisa Davidson

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

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