The on-chain identification system Phi will issue coin in September.

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On August 8th, according to official news, the on-chain identification system Phi will issue coin in September, with the code set as PHI. On November 5th last year, the on-chain identification system 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 is Phi's second round of financing following the $2 million seed round led by ChapterOne and Delphi Digital in 2022. The new financing will be used to build a decentralized verification system specifically for on-chain identification. Phi was founded in January 2022 and launched its first product Phi Land, a social Metaverse that can visualize on-chain activities on ENS, designed by pixel artist eBoy.

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