Phantom wallet android#
Later this year, Phantom will be releasing its mobile applications for iOS and Android and will be adding new features, including Ethereum and ETH L2 support, bridges between chains, ETH and SOL staking, and Fiat Onramp via Moonpay. Phantom also integrated with FTX Pay recently, allowing users to easily transfer currencies such as $SOL, $USDC and $USDT directly from FTX. Compatible with Google Chrome, Brave, Firebox, and Microsoft Edge, Phantom provides the basics and sets the user up to be able to take advantage of everything popping up in the ecosystem.Īt launch, Phantom is offering multi-chain, staking, ledger, and NFT support.
Phantom wallet install#
Tan, an early investor in Coinbase, said we’re entering a new phase of decentralized computing and Phantom is an important part of that story with its great user interface for dealing with digital assets and decentralized applications.īy visiting phantom.app, users can install the browser extension to manage digital assets and access decentralized applications on the Solana blockchain. Phantom aims to lower the barrier to entry by providing users an easy-to-use interface and helping guide new users through every step of the onboarding process.
DeFi is complex and the lack of guidance presents a steep learning curve. These are among the first points of interaction for consumers and that experience needs to be as seamless as it is robust so that it can be used by the growing number of users across the numerous blockchain ecosystems. In order to participate in DeFi, users need a good crypto wallet. With the world moving into a multi-chain future, the strong interest from the participants in the beta group indicates that Phantom has potentially designed a DeFi wallet for the masses, Millman said. He said the wallets and bridges currently available are preventing users from moving digital assets from one blockchain to another without third-party assistance, resulting in decreased usage and fragmented participation across the ecosystem.
Millman said that users are looking to seamlessly interact with decentralized exchanges and nonfungible tokens (NFTs). In regard to security, Phantom has a more streamlined onboarding experience that helps the user understand what they are doing better, leading to less mistakes made, Millman said in an email to VentureBeat. They’re looking to reimagine the crypto wallet with experiences like having the capability to see NFTs directly in the extension. Phantom is aiming to be the wallet that will help onboard new users, those new to crypto and those who are looking for a simpler process for holding their assets, as well as the veterans. As a result, DeFi will increasingly become more cross-chain and interoperable across layer one and two ecosystems. The number of DeFi users - 1.75 million - while still small for now, is growing fast, increasing by 50% in the first quarter of 2021. user base as the industry moves toward fostering global decentralized finance (DeFi) adoption. By providing a wallet capable of many key functions, Phantom has quickly grown its U.S. Phantom has seen extensive growth since its beta launch in April, adding 40,000 users, growing its signups to 70,000, and securing $500,000 in grants from Serum and Solana during that time period.
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