On-chain Identity System Phi to Launch Token in September
BlockBeats News, August 8 — According to official sources, the on-chain identity system Phi will launch its token in September, with the ticker PHI.
On November 5 last year, Phi announced the completion of a new round of strategic financing, led by Neoclassic Capital, with participation from Decima Fund, Cyber, PAKA fund, and Incubate Fund.
This marks Phi’s second round of financing, following a $2 million seed round in 2022 led by ChapterOne and Delphi Digital. The new funds will be used to build a decentralized authentication system dedicated to on-chain identity.
Phi was founded in January 2022 and launched its first product, Phi Land, a social metaverse that visualizes on-chain activities on ENS, designed by pixel artist eBoy.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
RootData: VANA to Unlock Tokens Worth Approximately $7.29 Million in One Week
Eric Trump, Donald Trump's Second Son, Urges Against Betting on BTC and ETH Declines
A major swing whale bought 2,045 ETH in a FOMO move 5 hours ago
Bitcoin Miner TeraWulf Posts Net Loss of Over $79 Million in First Half of the Year
Trending news
MoreCrypto prices
More








