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Phantom Wallet Enhances Multichain Capabilities with Coinbase's Base Integration

Blockchain

Business Honor
08 October, 2024

New integration enables users to manage diverse digital assets and access DeFi and NFT platforms seamlessly.

Phantom Wallet now integrates with Coinbase's Base in order to further enhance its multichain capabilities, which have now grown to integrate assets on the Solana, Ethereum, Bitcoin, and Base blockchain. This has streamlined managing cryptocurrencies and NFTs on multiple blockchains as users can manage all their digital assets in one wallet.

Base is a Layer 2 blockchain by Coinbase that increases the speed of transactions on Ethereum and lowers fees. Through this integration, Phantom can better interact with an increasingly growing base of decentralized finance (DeFi) applications and NFT platforms within the Base ecosystem.

Other key features of integration also include ledger compatibility for enhanced security, meaning the users can connect their Ledger devices through a mobile app or through a browser extension. The innovation also introduces spam detection to filter malicious tokens and NFTs for safety in the transactions.

Users will be able to turn on Base via the Phantom wallet by entering the settings and enabling the network. This will allow users to access the full features of Base conveniently. This integration could help increase trading in a host of cryptocurrencies, such as popular tokens, and meme coins.

Phantom joins forces with Base, in a pursuit of creating a safe and accessible environment for the exploration and usage of blockchain technologies. As the size of the Base ecosystem expands, users on Phantom are well-set for an enhanced crypto experience.