MetaMask Meets New Competitor As Crypto Wallet Phantom Expands to Ethereum (ETH) and Polygon (MATIC)

Crypto wallet Phantom is expanding its services to the Ethereum (ETH) and Polygon (MATIC) blockchains, bringing competition to other popular non-custodial wallets like MetaMask.

Announcing via Twitter, Phantom says it was founded with the intention of eventually expanding into a multichain existence, starting with the Ethereum network.

“Phantom was actually founded with the intent of going multichain towards Ethereum, and we have been hard at work for months developing a wallet that makes web3 more cohesive for both users and developers.

And by partnering closely with the Polygon team, we’re offering a first-class wallet experience for the rapidly growing number of NFTs, games, and apps powered by Polygon.”

Perhaps referencing the collapse of FTX, Phantom says it’s clear that self-custodying crypto assets is “more important than ever”, but that users are uncertain about managing multiple wallets on multiple chains.

“No need to toggle.

Phantom is your companion for the Ethereum, Polygon and Solana ecosystems in a single wallet.

In the same way people don’t switch web browsers to access different websites, we believe web3 needs one wallet to access what you need seamlessly.”

Phantom also emphasizes that the wallet will be non-fungible token (NFT) friendly, with features like spam burning, a listing manager, and the ability to view the NFTs within your browser extension.

At time of writing, Phantom has a waitlist for the new wallet, which was previously only available on the Solana (SOL) blockchain.

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Featured Image: Shutterstock/Bisams