Phantom Wallet announces help for Ethereum and Polygon

Recently, one particular of the tasks founded on the Solana ecosystem, Phantom, has moved to increase into other ecosystems.

In the most recent announcement tweet, the Phantom wallet explained it will help solutions for two EVM networks, Ethereum and Polygon.

one/ Coming quickly: a wallet for every little thing.

We are satisfied to announce that we are including help for @ethereum And @0xPolygon! pic.twitter.com/gOy9lZcxnI

— Ghost (@ghost) November 29, 2022

Also in this line of sharing, Phantom underlined that the original orientation for the improvement of this wallet is multichain (i.e. parallelism on quite a few distinctive chains). The Phantom staff says it is doing work closely with Polygon to deliver new experiences to the NFT asset class.

The growth to two EVM networks, noticed as a main counterweight to Solana (a non-EVM chain), is the most recent manifestation of the marketplace shift. As a end result, the Solana blockchain encountered quite a few liquidity troubles and network improvement bottlenecks immediately after the FTX crash.

Additionally, Slope, a native wallet for the Solana ecosystem, also encountered a safety flaw, creating a variety of users’ keys to be exposed and assets misplaced.

These troubles and reduction of self-confidence may perhaps be aspect of the determination for this move by Phantom.

One of the other factors for Phantom’s move to increase to EVM chains could be mainly because the Neon Labs resolution (the EVM bridge resolution for the Solana ecosystem) will quickly be launching the mainnet in December.

> See additional: Neon Labs is anticipated to comprehensive the EVM virtual machine infrastructure on Solana by the finish of 2022

Quickly setting up an EVM-compatible infrastructure is also a way for Phantom to appeal to additional end users in the close to potential.

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