Phantom Wallet Integrates Bitcoin, Ordinals, and BRC-20 Tokens
Phantom, originally a Solana-centric self-custody crypto wallet, has made a significant stride by integrating Bitcoin, Ordinals, and BRC-20 tokens into its platform. This development, announced on December 20, 2023, marks a notable shift in the crypto world. Once viewed as the less dynamic member of the cryptocurrency family, Bitcoin gains a stronger foothold in the diverse digital asset economy.
Bitcoin’s Growing Influence in the Digital Asset Space
The integration by Phantom follows its earlier expansion to support Ethereum and Polygon-based dapps and assets. Bitcoin’s ecosystem has seen considerable growth in 2023, especially with the advent of the Ordinals protocol.
This protocol has enabled the creation of NFT-like assets and Bitcoin-based tokens, signifying a significant expansion in Bitcoin’s use cases and its appeal within the broader crypto community.
Reaction from Crypto Influencers
The announcement garnered enthusiastic responses from key figures in the crypto sphere. Udi Wertheimer, a Bitcoin influencer and co-founder of Taproot Wizards, expressed his excitement over this development.
After reflecting on Bitcoin’s evolution over the past year, Wertheimer noted the increased adoption of Bitcoin inscriptions by major marketplaces and exchanges, highlighting the cryptocurrency’s rejuvenated status in the industry.
Phantom’s All-in-One Wallet Vision
Phantom’s move is more than just adding another cryptocurrency; it represents the wallet’s vision as an all-encompassing platform. Users can now manage a diverse portfolio in one place, including Solana, Ethereum, and Bitcoin assets. This integration simplifies the user experience, allowing seamless management of various cryptocurrencies and digital assets, including NFTs and Ordinals.
The inclusion of Bitcoin in Phantom’s wallet is a testament to the evolving landscape of the crypto ecosystem. The expansion signifies bridging the gap between Bitcoin and newer blockchain technologies. Moreover, it’s a win for Phantom and the entire crypto community, reflecting the growing interconnectedness and versatility of different blockchain platforms.
Read Also: China Initiated First Cross-Border Digital Yuan Transaction
- USDH Launch Boosts Hyperliquid Amid Competitive Market Pressure
- SEC to Decide on Six Spot XRP ETF Applications in October
- Ripple Partners with Ondo Finance to Tokenize U.S. Treasuries on XRPL
- Ethereum Exchange Supply Drops 52% as $3,700 Liquidation Risk Grows
- XRP News: mXRP Vault Surpasses $22M as Investors Capitalize on Staking Rewards
- Pepe Coin Price Bounce Likely as Support Zone Aligns With Rising Social Activity
- Solana Price Set for Recovery Amid Wyckoff Accumulation and Canary Capital ETF Filing
- Avalanche Price Could Surge to $50 as Transactions Jump 200%
- CHMPZ Price Prediction:Will This Net-Zero Community Token be the Next Gem?
- Ethereum (ETH) Price Set for a rebound as Whales Accumulate $1.6B ETH and Outflows Hit $622M
- HYPE Price Prediction As Bitwise Files For Hyperliquid ETF – Is $55 In Sight?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
