Highlights:
- Phantom now supports Base, enabling users to manage assets across multiple blockchain networks seamlessly.
- Enhanced security features protect users from threats and scams, including ledger compatibility and spam detection.
- The integration allows access to a wide range of DeFi applications and NFT platforms within one wallet.
Phantom, a cryptocurrency wallet primarily known for its Solana-centered design, has introduced beta support for Base, Coinbase’s Ethereum-based Layer 2 blockchain. This integration marks an important expansion in Phantom’s functionality, enabling users to manage assets across multiple blockchain networks seamlessly.
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Your favorite multichain wallet is getting even more BASED 🔵
Starting today, we’re rolling out beta support for @Coinbase's Ethereum L2: @Base
🔵 Access your favorite DeFi and NFT apps
🔵 Buy and swap thousands of tokens in Phantom
🔵 Stay safe with Ledger support, spam… pic.twitter.com/TTeeCNOnE2— Phantom (@phantom) October 7, 2024
Phantom Expands Multichain Access with Base Integration
Adding Base broadens Phantom’s multichain reach, allowing users to engage with one of the rapidly growing blockchain ecosystems. Designed as a Layer 2 solution for Ethereum, Base provides faster transactions and reduced fees, making it an attractive option for digital asset holders.
By adding Base, Phantom users access a more comprehensive ecosystem of decentralized finance (DeFi) applications, tokens, and NFT platforms across blockchains like Solana, Ethereum, and now Base, all within a single wallet interface.
Phantom’s Base integration enables straightforward management of tokens, NFTs, and DeFi assets, removing the need to switch between blockchain wallets. Users can now handle assets like Solana, Ethereum, Bitcoin, and Base from one unified interface.
Users can easily send, receive, and buy tokens like USDC and ETH on the Base network with multichain support. They can use payment methods such as debit and credit cards, Apple Pay, and Coinbase.
Enhanced Features and Security for a Better User Experience
With the integration of Base, Phantom has rolled out several additional features that make managing assets more accessible and secure. Users now benefit from ledger compatibility, enabling them to connect a Ledger hardware wallet directly through the Phantom mobile app and browser extension. This improvement makes digital assets safer for users. It helps meet the rising demand for security as blockchain platforms face more risks.
Phantom also introduced spam detection for a safer experience. The wallet automatically removes spam tokens and NFTs to keep users safe. It flags any suspicious transactions right away to protect against scams. This focus on security is important because bad actors are taking advantage of weaknesses in smart contracts. This creates risks for both new and experienced cryptocurrency users.
Phantom users can view, manage, and display their NFTs across multiple networks, including Base, enhancing the wallet’s appeal to collectors and investors. Phantom makes it easy for users to manage NFTs from different blockchains. This feature keeps Phantom appealing to those interested in digital collectibles.
New DApp Access and Features in Phantom Wallet
With Base integration, Phantom users can explore a range of decentralized applications and platforms in the Base ecosystem. Users must open their wallets on mobile or a browser to activate Base on Phantom. They can go to settings, select Active Networks, and turn on the Base option to access all its features.
Jesse Pollak, the creator of Base, announced this integration on his official X account, highlighting how Base users can now explore Solana directly within the Phantom wallet. Pollak emphasized the importance of collaboration in the blockchain space, suggesting that working together, building projects, and learning collectively leads to better user experiences and innovations in the sector.
and if you're on @base, now is a great time to try @solana (and @phantom is the perfect place to do both)
we're better when be build, experiment, and learn together
— jesse.base.eth (@jessepollak) October 7, 2024
While integrating Base into Phantom’s multichain platform excites users, security remains a significant concern. In August, Trugard Labs reported over 34,000 high-risk detections in Base’s smart contracts, highlighting ongoing security challenges in high-traffic blockchain networks. As bad actors increasingly attack these systems, focusing on security is crucial for both Base and Phantom.
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