Phantom’s march toward adding support for a variety of chains took another step as it announced that users can now trade and transfer bitcoin, Ordinals and BRC-20 tokens.

The wallet’s new optionality is “currently in beta so itÔÇÖs 100% opt-in,” Phantom said in a post to X.
“Without Bitcoin, thereÔÇÖd be no Solana, Ethereum, or web3. And for that, weÔÇÖre forever grateful for Bitcoin and thrilled to launch it (in Ôé┐eta) on Phantom,” it also said. In addition to Bitcoin, the wallet now also supports trading and transferring Ordinals and BRC-20 tokens, providing users with more options for managing their digital assets.

Phantom, known for being a Solana wallet, took its first steps toward becoming multichain when it added support for the Ethereum and Polygon blockchains. “We believe that the future of digital asset management lies in cross-chain interoperability,” Brandon Millman, co-founder and CEO of Phantom, said at the time. The addition of support for Bitcoin, Ordinals, and BRC-20 tokens further solidifies Phantom’s position as a versatile and comprehensive wallet for managing various digital assets across different blockchains.

Phantom’s quick rise

After launching in 2021, Phantom quickly became a popular wallet, and, as of about a year ago, had more than 3 million active users. Ethereum developers are credited with creating the wallet, which has a browser extension for accessing decentralized finance applications. The rapid growth of Phantom’s user base and the continuous expansion of its supported assets highlight its significance in the rapidly evolving landscape of digital asset management.

Phantom raised $109 million in Series B financing in early 2022 in a round led by Paradigm with participation a16z, Variant, Solana Ventures, and Jump Crypto. The substantial investment in Phantom reflects the confidence of prominent investors in the platform’s potential and its ability to drive innovation in the digital asset space.

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