Phi On-chain Identity System to Launch Coin in September

BlockBeats News, August 8, according to official sources, the on-chain identity system Phi will launch its coin in September, with the code designated as PHI.

On November 5 last year, the on-chain identity system Phi announced the completion of a new round of strategic financing. This round of financing was led by Neoclassic Capital, with participation from Decima Fund, Cyber, PAKA Fund, and Incubate Fund.

This is Phi's second round of financing after a $2 million seed round led by ChapterOne and Delphi Digital in 2022. The new financing 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.