Phantom CEO: There are currently no plans for an IPO or building our own blockchain; we will continue to focus on the Solana ecosystem and consumer products.

According to Odaily Planet Daily, Phantom Wallet CEO Brandon Millman stated on the Empire podcast that the company has no intention of launching its own blockchain or pursuing an IPO, and its current focus will remain on the Solana ecosystem and products and services for ordinary users.

Brandon pointed out that creating its own blockchain contradicts the openness and composability principles of the crypto industry. Phantom will continue to deepen its presence in the Solana ecosystem and launch new products such as the stablecoin financial service Phantom Cash and the upcoming trading terminal Phantom Terminal. The team currently has no plans to develop products for institutional users.

When discussing the possibility of an IPO, Brandon stated that Phantom does have the potential to become one of the few on-chain consumer companies qualified for listing, but it will not pursue that process at present. Rather than bearing the operational burden of a post-IPO listing, Phantom prefers to rely on the support of existing investors such as A16Z, Paradigm, and Sequoia Capital to continue driving business development through private equity financing.