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

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On August 8, according to official news, the on-chain identification system Phi will issue coin in September, with the code set as PHI. On November 5 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 the second round of financing for Phi, following the $2 million seed round financing 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 visualizes on-chain activities on ENS, designed by pixel artist eBoy.

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