The on-chain identity system Phi will issue tokens in September

ChainCatcher news, according to official information, the on-chain identity system Phi will issue tokens in September, with the code set as PHI.

On November 5th 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 Phi's second round of financing following the $2 million seed round led by ChapterOne and Delphi Digital in 2022. The new funding will be used to build a decentralized authentication system specifically for on-chain identity.

Phi was founded in January 2022 and launched its first product, Phi Land, which is a social metaverse that visualizes on-chain activities on ENS, designed by pixel artist eBoy.