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Phase blockchain launches mainnet with $45 million commitment from Unlimit founder Kirill Eves
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Phase blockchain launches mainnet with $45 million commitment from Unlimit founder Kirill Eves

Oct 29, 2026

Phase launched its Layer 1 EVM-compatible blockchain on October 29, 2026, supported by a $45 million funding commitment from Unlimit founder Kirill Eves. The network features a zero-stake validator model where smartphone users earn PHASE tokens by validating blocks and sharing bandwidth via Phase Proxy. The proxy routes AI agent requests through consumer devices to bypass data-center web blocking, funding four years of Phase development.

Phase network launch and AI services

  • ▪Phase plans to launch an AI computing service and a service routing requests across AI models in November 2026.
  • ▪Phase launched its Layer 1 blockchain network
  • ▪Phase is an EVM-compatible base blockchain designed to serve as infrastructure for an artificial intelligence agent economy.

Mobile smartphone validation model

  • ▪Phase adjusts smartphone network participation according to the device's battery level and connectivity status.
  • ▪Phase allows participants to become network validators without purchasing specialized hardware or staking initial tokens.
  • ▪Smartphone owners earn PHASE tokens by validating transactions on the Phase network through the Phase mobile app.

Phase Proxy web routing service

  • ▪Phase launched Phase Proxy alongside its mainnet on October 29, 2026 to route AI agent web requests through user-shared smartphone internet connections.
  • ▪Phase Proxy offers website access for AI agents at costs lower than traditional mobile proxies.
  • ▪Phase Proxy provides extra token rewards to Phase network validators who handle proxy internet traffic.

Blocking of automated AI traffic

  • ▪Unlimit founder Kirill Eves stated websites routinely block or rate-limit automated traffic from data centers carrying AI agent requests.
  • ▪Cloudflare automatically blocks AI agent and training traffic on new domain pages that display advertisements.

Kirill Eves funding and background

  • ▪Kirill Eves' $45 million commitment covers Phase's first two years of development and provides two additional years of runway.
  • ▪Unlimit founder Kirill Eves provided a $45 million funding commitment to Phase on October 29, 2026, with Phase having no outside investors.
  • ▪Kirill Eves founded global payment infrastructure provider Unlimit in 2009, which served over 50,000 businesses across 180 countries by December 2025.

Phase future development plans

  • ▪Phase plans to use a portion of service revenues to buy PHASE tokens on the open market to reward node operators.
  • ▪Phase plans to develop its own artificial intelligence model and expand its network to desktops, servers, and graphics processing units.

2 sources

Cryptobriefing
Phase blockchain launches mainnet with $45M commitment from Unlimit founder Kirill Eves
View source article
Cointelegraph
Unlimit Founder Commits $45M to Phase AI Blockchain
View source article

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