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.
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