Phantom Expands Web3 Wallet to Embrace Bitcoin, Ordinals, and BRC20 Tokens Amid Soaring Demand

Phantom, the Web3 cryptocurrency wallet initially developed for Solana, has expanded to include Ethereum and Polygon, and is now introducing support for Bitcoin, Ordinal inscriptions, and BRC20 tokens. Users of Phantom have the ability to integrate their existing bitcoin wallets, allowing them to manage their Bitcoin-centric digital collectibles and fungible tokens through 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, have gained considerable traction, leading numerous companies to adopt the supporting infrastructure. As of December 21, 2023, the Bitcoin blockchain boasts over 50 million inscriptions.

On Wednesday, Phantom, the Web3 wallet that secured $109 million in Series B funding from key investors last year, announced its foray into the Bitcoin realm. Phantom acknowledges Bitcoin’s foundational role, stating that without it, there would be no Solana, Ethereum, or Web3.

“Introducing Bitcoin on Phantom,” the company said in a post shared on X. “You can now buy, sell, trade, transfer, and HODL Bitcoin, Ordinals, and BRC20 tokens with your favorite multi-chain wallet.”

Phantom’s integration of Ordinals and BRC20s coincides with a surge in demand for Bitcoin digital collectibles and fungible tokens. Recent data from cryptoslam.io reveals that Bitcoin-based NFT sales have exceeded $400 million in the past week.

Phantom’s Bitcoin feature is currently in beta and available on an opt-in basis. Users can also link with the NFT marketplaces Magic Eden and Unisat, and Phantom indicates that additional “trusted” applications will be introduced shortly.

What do you think about Phantom supporting Bitcoin, Ordinals, and BRC20 tokens? Share your thoughts and opinions about this subject in the comments section below.