---
title: "Unlimit Founder Backs Phase Blockchain With $45M as Mainnet Goes Live"
description: "Kirill Eves funded the smartphone-powered network, which routes AI agent traffic and prepares to launch mobile compute services in November."
url: https://basisdesk.news/news/phase-blockchain-mainnet-unlimit-founder-funding
published: 2026-10-29T12:46:47.809Z
modified: 2026-10-29T12:46:47.809Z
section: AI × Crypto
author: Basis Desk Newsroom (AI-generated, source-verified)
sentiment: neutral
tickers: [PHASE]
tags: [Phase, AI, DePIN, Kirill Eves, Smartphones]
license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice.
---

# Unlimit Founder Backs Phase Blockchain With $45M as Mainnet Goes Live

Kirill Eves funded the smartphone-powered network, which routes AI agent traffic and prepares to launch mobile compute services in November.

## At a glance

- **What happened:** Unlimit founder Kirill Eves committed $45 million to Phase as the network launched its mainnet and smartphone proxy service.
- **Why it matters:** The network routes autonomous AI agent requests through consumer mobile connections to bypass data-center rate limits and blocking.
- **Who is affected:** Smartphone users running the Phase app, AI agent developers, and web infrastructure providers.
- **What's next:** Phase will launch an AI compute service and multi-model query router in November.
- **Status:** announced
- **Primary source:** [Unlimit founder backs Phase blockchain with $45M as mainnet launches](https://cointelegraph.com/news/unlimit-founder-phase-blockchain-mainnet-launches?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound) — cointelegraph.com

## Key points

- Unlimit founder Kirill Eves committed $45 million to finance Phase's initial two-year build and an additional two-year operational runway.
- Phase launched its mainnet and Phase Proxy to route AI agent requests through residential smartphone connections.
- The project plans to launch localized smartphone AI compute and model-routing services in November.

## Editorial remark

- **Context:** Traditional web hosts and services like Cloudflare routinely filter or block bot traffic from centralized data centers, creating operational friction for autonomous AI agents.
- **Impact:** Smartphone owners can monetize idle bandwidth and processing power for PHASE tokens, while AI developers gain access to residential proxy endpoints.
- **Watch:** Phase's scheduled deployment of its mobile AI compute service and multi-model request router in November.

Phase has launched its mainnet alongside Phase Proxy after securing a $45 million funding commitment from Unlimit founder Kirill Eves [1]. The capital covers the project's initial two years of development and finances an additional two years of operational runway, according to the team [1]. The network operates without outside venture investors [1].

The project aims to address restrictions imposed on autonomous AI agents by traditional web infrastructure [1]. Platforms such as Cloudflare frequently block or rate-limit automated data-center traffic, which restricts AI agents executing actions across web platforms [1]. To circumvent these bottlenecks, Phase Proxy routes agent requests through consumer internet connections provided by smartphones [1]. Device owners participate through a mobile application, receiving $PHASE tokens in return for validating blocks and routing proxy traffic [1]. The application dynamically adjusts network activity based on device connectivity and battery levels [1].

## Mobile AI Compute Rollout

Phase intends to broaden its network utility beyond web routing by rolling out two additional protocols in November [1]. The upcoming release includes an AI compute service enabling smartphone hardware to execute smaller, open-weight models locally, as well as a routing mechanism designed to direct queries across different AI systems [1]. Eves noted that modern flagship smartphones provide roughly 35 to 45 trillion operations per second (TOPS) of processing capacity, making localized inference viable [1].

The protocol intends to expand hardware support to include servers, personal computers, and dedicated graphics processing units, while also pursuing the development of an in-house model [1]. Commercial revenue generated from these enterprise offerings will be allocated to purchase $PHASE on open markets to distribute node operator incentives [1]. At the time of writing, the broader digital asset market was largely steady, with $BTC trading around $80,025 and $ETH at $2,320.

## Sources

1. [Unlimit founder backs Phase blockchain with $45M as mainnet launches](https://cointelegraph.com/news/unlimit-founder-phase-blockchain-mainnet-launches?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound) — cointelegraph.com, 2026-10-29

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Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai