On-chain identity system Phi will launch its token in September

Mars Finance News, on August 8, according to official sources, the on-chain identity system Phi will launch its token in September, with the code PHI. On November 5 last year, the on-chain identity 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 after the $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 established 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.