Unlimit founder backs Phase blockchain with $45M as mainnet launches

Phase, a new blockchain that lets smartphone users earn tokens by helping run AI services, has received a $45 million funding commitment from Unlimit founder Kirill Eves.

Phase announced the launch of its blockchain on Thursday alongside Phase Proxy, a service that routes AI agents’ web requests through internet connections shared via smartphones.

Phase has no outside investors, the company told Cointelegraph. Eves’ $45 million commitment covers its first two years of development and provides another two years of runway.

“Websites routinely block or rate-limit automated traffic originating from data centers, even when an agent is acting on a legitimate user request,” Eves told Cointelegraph. “As agents take on more tasks across multiple websites, these restrictions are becoming a significant barrier to their adoption.”