Phantom CEO: The company has no intention of launching its own blockchain or pursuing an IPO

On November 12, according to the Empire podcast, Phantom wallet CEO Brandon Millman stated that the company has no intention of launching its own blockchain or pursuing an IPO. The current focus remains on the Solana ecosystem and products aimed at mainstream users. He said that building a proprietary chain goes against the principles of openness and composability in the crypto industry, and Phantom will continue to deepen its involvement in Solana. Brandon also mentioned that although the company has the potential to go public, it prefers to rely on support from investors such as a16z, Paradigm, and Sequoia, and to continue expanding through private fundraising.