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Opera adds Polygon to native digital wallet

Daniela Kirova
Daniela Kirova
Daniela Kirova
Author:
Daniela Kirova
Writer
Daniela is a writer at Bankless Times, covering the latest news on the cryptocurrency market and blockchain industry. She has over 15 years of experience as a writer, having ghostwritten for several online publications in the financial sector.
January 31st, 2023

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Browser developer Opera will add Polygon to its native digital wallet early next year, the Norwegian company announced in a press release. The move will expand its development into a popular Ethereum layer 2. Polygon will be the first layer 2 token supported by Opera.

MATIC, the native token of the Ethereum scaling solution, is the gas for the Ethereum Virtual Machine (EVM)-compatible ecosystem of 3,000 decentralized applications, including NFTs, trading, and lending.

Seamless access to native Opera wallets

According to Opera’s press release, select users will have that functionality starting in the first quarter. Their Android users will be the first to access the limited rollout. Opera estimates that this pool is around 80 million active users per month.

The wider release will be to just under 400 million users, comprising Opera’s full audience. An Opera spokesperson told CoinDesk that integrations “typically” began with Android before encompassing iOS and desktop. They said:

This was also the development path for our crypto wallet.

Opera to include support for Solana next year

Opera, which has pointed out readiness for Web 3 since 2018, pledged to become the first browser to add wallet support for Solana. This will also happen in the first quarter of next year. This space is currently dominated by Phantom, a browser plugin and closed-source platform.

Stiff competition from Brave

Brave also plans to add Solana support. However, it might not be quick enough. They have said their integration will come in the “first half” of next year.

Solana is a low-cost and fast network with around $12 billion in total value locked, data from DeFi Llama show. The network has benefited from huge price gains and a year of strong development.

Solana Labs, the network’s scientific arm, will work with Opera on the integration.

Brave offers new crypto wallet

Brave updated its desktop browser to add a built-in crypto wallet named Brave Wallet that lets people buy, sell, and swap all kinds of assets. 

Brave claims that the built-in wallet will come with fewer security risks than usual browser add-ons and will also cut down on performance penalties. The Brave Wallet is a self-custody wallet that will give users access to other wallets and will tie into hardware wallets the likes of Trezor and Ledger. 

With the wallet, you will be able to track cryptocurrency market data, find the best price matches, and include portfolios (including those that hold NFTs). Brave Wallet supports EMV-compatible blockchains and is both open-source and open-license. 

Contributors

Daniela Kirova
Writer
Daniela is a writer at Bankless Times, covering the latest news on the cryptocurrency market and blockchain industry. She has over 15 years of experience as a writer, having ghostwritten for several online publications in the financial sector.