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Phantom CEO: No Plans for IPO or Building Own Chain, Will Continue to Focus on Solana Ecosystem and Consumer Products
Summary: In a podcast interview, Phantom wallet CEO Brandon Millman stated that the company has no intention of launching its own blockchain or pursuing an IPO, with the current focus remaining on the Solana ecosystem and consumer-oriented product services. Brandon pointed out that creating a proprietary blockchain goes against the openness and composability principles of the ...
In a podcast interview, Phantom wallet CEO Brandon Millman stated that the company has no intention of launching its own blockchain or pursuing an IPO, with the current focus remaining on the Solana ecosystem and consumer-oriented product services. Brandon pointed out that creating a proprietary blockchain goes against the openness and composability principles of the crypto industry. Phantom will continue to deepen its presence in the Solana ecosystem and introduce new products such as the stablecoin financial service Phantom Cash and the upcoming trading terminal Phantom Terminal. The team has no plans to develop products for institutional users. Regarding the possibility of an IPO, Brandon mentioned that Phantom has the potential to become one of the few consumer-oriented blockchain companies with the conditions for going public, but they are not currently advancing the process. Instead of taking on the operational burden of going public, Phantom prefers to rely on the support of existing investors like A16Z, Paradigm, and Sequoia to continue driving business growth through private fundraising.
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Link: Phantom CEO: No Plans for IPO or Building Own Chain, Will Continue to Focus on Solana Ecosystem and Consumer Products [Copy]
