Phantom Wallet CEO Discusses Company's Strategic Focus

According to Foresight News, Phantom Wallet CEO Brandon Millman stated on the Empire podcast 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 aimed at general users. Millman emphasized that creating a proprietary blockchain would contradict the principles of openness and composability in the crypto industry. Phantom intends to continue its deep involvement with Solana. Millman also mentioned that while the company has the potential to go public, it prefers to expand through private funding with the support of investors such as a16z, Paradigm, and Sequoia.