Unlimit founder backs Phase blockchain with $45M as mainnet launches

Phase, a new blockchain that lets smartphone users earn tokens by helping run AI services, has received a $45 million funding commitment from Unlimit founder Kirill Eves.

Phase announced the launch of its blockchain on Thursday alongside Phase Proxy, a service that routes AI agents’ web requests through internet connections shared via smartphones.

Phase has no outside investors, the company told Cointelegraph. Eves’ $45 million commitment covers its first two years of development and provides another two years of runway.

“Websites routinely block or rate-limit automated traffic originating from data centers, even when an agent is acting on a legitimate user request,” Eves told Cointelegraph. “As agents take on more tasks across multiple websites, these restrictions are becoming a significant barrier to their adoption.”

Internet infrastructure provider Cloudflare allows website owners to manage AI traffic. For new domains, its settings block agent and training traffic on pages displaying ads.

Eves founded Unlimit in 2009 and built it into a global payments company. Unlimit said in December 2025 that it served more than 50,000 businesses worldwide.

Related: Cloudflare introduces wallets for AI agents, plans stablecoin payments