Phantom Wallet Adds Support for Bitcoin, Ordinals and BRC-20 Tokens

TL;DR

• Phantom Wallet has added support for BTC and Bitcoin-based assets.

• The wallet continues to expand as it seeks to become a multi-chain wallet. 

BTC and Ordinals Now Available on Phantom Wallet

Phantom, originally a Solana wallet created by Ethereum developers, announced on Wednesday, December 20th, that it now supports Bitcoin, Ordinals and BRC-20 tokens. This latest development means that Phantom users can now trade and transfer bitcoin, Ordinals and BRC-20 tokens.

Introducing: ₿itcoin on Phantom 🟠

You can now buy, sell, trade, transfer, and HODL Bitcoin, Ordinals, and BRC-20 tokens with your favorite multichain wallet.

Here’s what’s to love👇 pic.twitter.com/hmuizc8Ec0

— Phantom (@phantom) December 20, 2023

The development team said this new option is currently in beta, which means it is 100% opt-in. According to Phantom, the support comes due to Bitcoin’s importance to the crypto ecosystem. The team said

"Without Bitcoin, there’d be no Solana, Ethereum, or web3. And for that, we’re forever grateful for Bitcoin and thrilled to launch it (in ₿eta) on Phantom."

Phantom began as a Solana wallet but has since added support for other blockchains. It also supports the storage of Ethereum and Polygon-based assets. Brandon Millman, co-founder and CEO of Phantom previously said that the team believes that the future of digital asset management lies in cross-chain interoperability.

Since launching in 2021, Phantom has become one of the most popular wallets in the crypto space. As of 2022, the wallet had more than 3 million active users. Phantom was developed by Ethereum developers, with the wallet also featuring a browser extension for accessing decentralized finance applications.

The development team raised $109 million in Series B financing early last year, in a round led by Paradigm with participation a16z, Variant, Solana Ventures and Jump Crypto.