[Phantom CEO Says No Intention to Launch Proprietary Blockchain or Pursue IPO] Phantom Wallet CEO Brandon Millman recently 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 regular users. He believes that building a proprietary chain goes against the principles of openness and composability in the crypto industry and expressed that the company prefers to rely on support from investors such as a16z, Paradigm, and Sequoia to continue expanding through private fundraising.