Technology
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Phase blockchain launches mainnet with forty five million dollar commitment
Image: CointelegraphPhase launched its new Layer 1 blockchain alongside the Phase Proxy service. The network lets smartphone users earn PHASE tokens by validating transactions and sharing internet connections. Unlimit founder Kirill Eves provided a forty five million dollar funding commitment to cover the first two years of development. The project has no outside investors. Phase plans to introduce computing and routing services in November.
Key points
- Phase launched its new blockchain network alongside a service called Phase Proxy.
- Smartphone users can earn PHASE tokens by validating transactions and sharing internet connections.
- Kirill Eves provided a forty five million dollar funding commitment covering the first two years of development.
- The project stated it has no outside investors on its cap table.
- Phase plans to launch an AI computing service and a request routing service in November.
Why it matters
The project combines decentralized infrastructure with artificial intelligence agents by utilizing smartphone connections. This setup allows everyday device owners to participate as network validators without specialized equipment.
Sources · 2 publishers
Crypto Briefing
Tier 2
Phase blockchain launches mainnet with $45M commitment from Unlimit founder Kirill Eves
Coverage timeline
- First reported by Cointelegraph
- Also reported by Crypto Briefing
- CryptoVideos brief published
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