Phantom CEO: No IPO or self-built chain plans for now, will continue to focus on the Solana ecosystem and consumer-grade products

In the Empire podcast, Phantom Wallet CEO Brandon Millman stated that the company has no intention of launching its own blockchain or pursuing an IPO plan, and its current focus will remain on the Solana ecosystem and products and services aimed at ordinary users.

Brandon pointed out that creating a proprietary blockchain contradicts the principles of openness and composability in the crypto industry. Phantom will continue to deepen its layout 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 mentioned that Phantom does have the potential to become one of the few on-chain consumer-grade companies that meet the listing conditions, but it will not advance the related process at this time. Rather than taking on the operational burdens post-IPO, Phantom prefers to rely on the support of existing investors such as A16Z, Paradigm, and Sequoia to continue driving business development through private financing.