Phase Blockchain Raises $45M, Lets Phones Mine Tokens at Launch
Unlimit founder backs Phase's new blockchain with $45M as its mainnet goes live, enabling smartphone owners to earn tokens by validating transactions.
Phase, a newly launched blockchain network, has secured $45 million in backing from the founder of fintech firm Unlimit as its mainnet officially goes live, positioning the project as a mobile-first validator platform targeting everyday smartphone users.
The network's core proposition is straightforward: smartphone owners can earn tokens by participating in two key activities — validating transactions on the blockchain and sharing their internet connections with AI agents. The model attempts to democratize blockchain participation by removing the need for expensive, dedicated mining hardware.
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By routing AI agent traffic through user-owned mobile connections, Phase is betting that the convergence of decentralized infrastructure and artificial intelligence represents a durable market opportunity. The approach mirrors a broader trend of projects attempting to monetize idle device resources, though Phase's dual-function model — combining transaction validation with AI connectivity — marks a distinct angle in a competitive field.
The $45 million raise provides Phase with significant runway to build out its ecosystem at a moment when mobile-centric blockchain projects are competing intensely for developer and user attention. Backing from the Unlimit founder, a figure with established credibility in global payments infrastructure, lends the project a degree of institutional legitimacy beyond typical crypto-native fundraises.
Whether Phase can convert its mainnet launch momentum into sustained network activity will depend heavily on user adoption of its mobile validator model and the appetite of AI developers to integrate its connectivity layer. Continue reading at Cointelegraph.
