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

Phantom, a leading self-custody wallet in the Solana (SOL) ecosystem, is reportedly expanding to support the Ethereum (ETH) and Polygon (MATIC) chains.

Phantom told TechCrunch that it plans to support the Ethereum and Polygon blockchains beginning May 1st on both iOs and Android devices.

Says Phantom,

“The Phantom multi-chain is now available everywhere that MetaMask is.”

With the expansion, Phantom users will have the ability natively hop between DApps (decentralized applications), and NFT (non-fungible token) marketplace sites such as Blur and OpenSea, according to TechCrunch.

Users will also have the capacity to import assets from MetaMask.

Brandon Millman, CEO and co-founder of Phantom, says Phantom has the ability the hold multiple seed phrases whereas MetaMask can only hold one.

Millman also says Phantom is adding new safety features to Phantom as they begin supporting multiple blockchains, including anti-phishing measures by hiding spam sent to the wallet and warning about any potential threats when navigating websites online.

Says Millman,

“The analogy is similar to email: sometimes spam emails slip through, but users can just mark it as spam, and over time it gets better and better at catching it…

If you go to a website, we give you a warning that you’re leaving Phantom, and if we have an understanding that a website is malicious, we preemptively block it…

There are cases where you fall through all these protective layers and do get phished, but we have a customer support team that’s basically 24/7 and can try to get you help with exchanges, directory of local authorities or things like that to explore routes…

I think that’s a huge thing, because afterward, usually you don’t know what you can do.”

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