TREE NEWS update: Phase launched its mainnet with $45 million in backing from Unlimit founder Kirill Eves. The network lets smartphone owners earn tokens by validating transactions and sharing internet connections with AI agents. The funding was disclosed alongside the mainnet launch.
Phase blockchain launches mainnet with $45M backing from Unlimit founder
The pitch here is unusual: consumer phones as validation hardware and bandwidth as a sellable resource to AI agents, which reframes token rewards as payment for infrastructure rather than speculation. The single-backer structure, tied to a payments founder rather than a broad venture syndicate, concentrates conviction and influence in one place, which matters for how governance and token distribution may be read. Whether ordinary phone users actually supply meaningful capacity, and whether AI agents generate real demand for that connectivity, is the open question worth watching.
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