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New MetaMask Competitor? Top Solana Wallet Phantom Goes Multichain With Expansion to Ethereum and Polygon

April 26, 2023
in Altcoin
Reading Time: 2 mins read
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Phantom, a number one self-custody pockets within the Solana (SOL) ecosystem, is reportedly increasing to assist the Ethereum (ETH) and Polygon (MATIC) chains.

Phantom informed TechCrunch that it plans to assist the Ethereum and Polygon blockchains starting Might 1st on each iOs and Android units.

Says Phantom,

“The Phantom multi-chain is now accessible in all places that MetaMask is.”

With the growth, Phantom customers could have the flexibility natively hop between DApps (decentralized purposes), and NFT (non-fungible token) market websites akin to Blur and OpenSea, in response to TechCrunch.

Customers may also have the capability to import belongings from MetaMask.

Brandon Millman, CEO and co-founder of Phantom, says Phantom has the flexibility the maintain a number of seed phrases whereas MetaMask can solely maintain one.

Millman additionally says Phantom is including new security options to Phantom as they start supporting a number of blockchains, together with anti-phishing measures by hiding spam despatched to the pockets and warning about any potential threats when navigating web sites on-line.

Says Millman,

“The analogy is much like e-mail: typically spam emails slip by way of, however customers can simply mark it as spam, and over time it will get higher and higher at catching it…

When you go to a web site, we offer you a warning that you just’re leaving Phantom, and if we’ve got an understanding {that a} web site is malicious, we preemptively block it…

There are instances the place you fall by way of all these protecting layers and do get phished, however we’ve got a buyer assist group that’s principally 24/7 and may attempt to get you assist with exchanges, listing of native authorities or issues like that to discover routes…

I feel that’s an enormous factor, as a result of afterward, normally you don’t know what you are able to do.”

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Disclaimer: Opinions expressed at The Day by day Hodl usually are not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual danger, and any loses it’s possible you’ll incur are your duty. The Day by day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Day by day Hodl an funding advisor. Please observe that The Day by day Hodl participates in online marketing.

Featured Picture: Shutterstock/Bisams

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Tags: CompetitorEthereumexpansionMetaMaskMultichainPhantomPolygonSolanaTopWallet
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