PANews reported on November 12th that in an Empire podcast, Phantom Wallet CEO Brandon Millman and VP of Strategy Donnie Dinch discussed the team's future strategic direction. Brandon clearly stated that Phantom has no intention of launching its own blockchain, as this contradicts the open and permissioned principles of the crypto industry. He emphasized that Phantom will continue to focus on its existing ecosystem, such as Solana, and will continue to optimize the user experience, focusing on serving ordinary consumers. There are currently no plans to develop products for institutional users. In addition, the team is working to expand its product line, including launching Phantom Cash, a stablecoin-based financial service, and the upcoming professional trading terminal, Phantom Terminal. Regarding an IPO, Brandon believes Phantom has the potential to become one of the few on-chain consumer companies to go public, but there are currently no concrete plans. He points out that while an IPO can bring funding and brand recognition, it also comes with a significant operational burden. Phantom prefers to secure sufficient private funding from existing investors (such as A16Z, Paradigm, and Sequoia) to support the company's growth.PANews reported on November 12th that in an Empire podcast, Phantom Wallet CEO Brandon Millman and VP of Strategy Donnie Dinch discussed the team's future strategic direction. Brandon clearly stated that Phantom has no intention of launching its own blockchain, as this contradicts the open and permissioned principles of the crypto industry. He emphasized that Phantom will continue to focus on its existing ecosystem, such as Solana, and will continue to optimize the user experience, focusing on serving ordinary consumers. There are currently no plans to develop products for institutional users. In addition, the team is working to expand its product line, including launching Phantom Cash, a stablecoin-based financial service, and the upcoming professional trading terminal, Phantom Terminal. Regarding an IPO, Brandon believes Phantom has the potential to become one of the few on-chain consumer companies to go public, but there are currently no concrete plans. He points out that while an IPO can bring funding and brand recognition, it also comes with a significant operational burden. Phantom prefers to secure sufficient private funding from existing investors (such as A16Z, Paradigm, and Sequoia) to support the company's growth.
Phantom CEO: No plans for an IPO or launching a proprietary blockchain; no products currently being developed for institutional users.
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PANews reported on November 12th that in an Empire podcast, Phantom Wallet CEO Brandon Millman and VP of Strategy Donnie Dinch discussed the team's future strategic direction. Brandon clearly stated that Phantom has no intention of launching its own blockchain, as this contradicts the open and permissioned principles of the crypto industry. He emphasized that Phantom will continue to focus on its existing ecosystem, such as Solana, and will continue to optimize the user experience, focusing on serving ordinary consumers. There are currently no plans to develop products for institutional users. In addition, the team is working to expand its product line, including launching Phantom Cash, a stablecoin-based financial service, and the upcoming professional trading terminal, Phantom Terminal.
Regarding an IPO, Brandon believes Phantom has the potential to become one of the few on-chain consumer companies to go public, but there are currently no concrete plans. He points out that while an IPO can bring funding and brand recognition, it also comes with a significant operational burden. Phantom prefers to secure sufficient private funding from existing investors (such as A16Z, Paradigm, and Sequoia) to support the company's growth.
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