4 months ago
Phantom, the Web3 cryptocurrency wallet initially developed for Solana, has expanded to see Ethereum and Polygon, and is present introducing enactment for Bitcoin, Ordinal inscriptions, and BRC20 tokens. Users of Phantom person the quality to integrate their existing bitcoin wallets, allowing them to negociate their Bitcoin-centric integer collectibles and fungible tokens done the Web3 platform’s interface.
From Solana to Bitcoin: Phantom Wallet’s Latest Expansion Embraces Inscriptions and BRC20s
In 2023, Ordinals and BRC20 tokens, developed atop Bitcoin, person gained sizeable traction, starring galore companies to follow the supporting infrastructure. As of December 21, 2023, the Bitcoin blockchain boasts implicit 50 cardinal inscriptions.
On Wednesday, Phantom, the Web3 wallet that secured $109 cardinal successful Series B backing from cardinal investors past year, announced its foray into the Bitcoin realm. Phantom acknowledges Bitcoin’s foundational role, stating that without it, determination would beryllium nary Solana, Ethereum, oregon Web3.
“Introducing Bitcoin connected Phantom,” the institution said successful a station shared connected X. “You tin present buy, sell, trade, transfer, and HODL Bitcoin, Ordinals, and BRC20 tokens with your favourite multi-chain wallet.”
Phantom’s integration of Ordinals and BRC20s coincides with a surge successful request for Bitcoin integer collectibles and fungible tokens. Recent data from cryptoslam.io reveals that Bitcoin-based NFT income person exceeded $400 cardinal successful the past week.
Phantom’s Bitcoin diagnostic is presently successful beta and disposable connected an opt-in basis. Users tin besides nexus with the NFT marketplaces Magic Eden and Unisat, and Phantom indicates that further “trusted” applications volition beryllium introduced shortly.
What bash you deliberation astir Phantom supporting Bitcoin, Ordinals, and BRC20 tokens? Share your thoughts and opinions astir this taxable successful the comments conception below.
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