Phase Launches AI Blockchain With $45M Commitment
Phase has launched its EVM-compatible Layer 1 blockchain and Phase Proxy, a service that routes AI agents’ web requests through internet connections shared by smartphone users. Unlimit founder Kirill Eves has committed $45 million to fund the project’s first two years; Phase says the commitment is expected to provide four years of runway and that it has no outside investors. The funding is a commitment, not a completed venture-capital round.
Users can earn PHASE tokens by validating blocks without staking or specialized hardware, and may receive extra rewards for routing proxy traffic. Participation can adjust to a phone’s battery and connectivity. Phase plans to launch AI computing and model-routing services in November, with revenue expected to fund open-market PHASE purchases for node operators. The launch adds an AI and decentralized-infrastructure use case, but the summaries provide no token price, exchange-listing or adoption data. Demand for PHASE will depend on actual network use and participation.
Neutral
The launch and $45 million funding commitment could support confidence in Phase and draw short-term attention to PHASE. Its low-barrier validator model and planned AI services also offer potential sources of network activity and token demand. However, the funding is a commitment rather than a completed financing round, and the summaries provide no evidence of exchange listings, market liquidity, token-price moves or user adoption. The planned open-market purchases are not yet a current source of demand. Traders may therefore react to the announcement, but sustained price effects depend on whether Phase attracts users and generates service revenue. With no direct market or adoption data, the expected impact on PHASE is neutral.