Phantom Wallet CEO Brandon Millman has confirmed that the company has no plans to launch its own blockchain or pursue an initial public offering (IPO) in the near future. Speaking on the Empire podcast, Millman emphasized that creating a proprietary blockchain would contradict the open principles of the crypto industry. Instead, Phantom will continue to focus on enhancing its existing ecosystem, particularly on Solana, and improving the user experience for ordinary consumers. Millman also stated that Phantom is not currently developing products for institutional users. The company is expanding its product line with offerings like Phantom Cash, a stablecoin-based financial service, and the upcoming Phantom Terminal, a professional trading platform. While acknowledging the potential benefits of an IPO, Millman noted the operational challenges it presents and expressed a preference for securing private funding from investors such as A16Z, Paradigm, and Sequoia to support growth.