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.

In an episode of the Empire podcast, Phantom Wallet CEO Brandon Millman stated that the company has no plans to launch its own blockchain or pursue an IPO. The current focus remains on the Solana ecosystem and products and services for general users. Brandon pointed out that creating a proprietary 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. Regarding the possibility of an IPO, Brandon stated that Phantom does have the potential to become one of the few on-chain consumer companies with the qualifications to go public, 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.