Brandon Millman, Phantom CEO, stated the company will not launch a proprietary blockchain, as it contradicts crypto’s open principles. Phantom is committed to enhancing user experience within the Solana ecosystem and has no current projects aimed at institutional users.
Phantom is expanding its offerings with Phantom Cash, a stablecoin financial service, and Phantom Terminal, a professional trading tool. While an IPO may occur in the future, they currently prioritize private funding from investors like A16Z for growth.
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