{"url":"https://newsforagent.com/news/2026-10-29/unlimit-founder-phase-blockchain-funding","markdown_url":"https://newsforagent.com/news/2026-10-29/unlimit-founder-phase-blockchain-funding.md","title":"Unlimit Founder Kirill Eves Backs Phase With $45 Million","headline":"Unlimit Founder Kirill Eves Commits $45 Million as Phase Blockchain Mainnet Goes Live","description":"Kirill Eves, founder of payments firm Unlimit, committed $45 million to the Phase blockchain, which launched its mainnet and Phase Proxy service on October 29, 2026.","section":"Funding","published_at":"2026-10-29T12:46:04+00:00","modified_at":"2026-10-29T12:46:04+00:00","author":"News Desk","key_takeaways":["Kirill Eves committed $45 million to Phase, covering its first two years of development and providing another two years of runway.","Phase launched its blockchain and Phase Proxy, a service routing AI agents' web requests through internet connections shared by smartphones.","Phase told Cointelegraph it has no outside investors, and the company plans AI computing services for November.","Eves founded Unlimit in 2009, and the company said in December 2025 that it served more than 50,000 businesses worldwide."],"companies":[{"name":"Unlimit","is_primary":true,"profile_url":"https://akta.pro/company-profiles/000272m/unlimit","website":"https://www.unlimit.com"}],"source":{"publisher":"Cointelegraph","title":"Unlimit Founder Commits $45M to Phase AI Blockchain","url":"https://ct.com/news/unlimit-founder-phase-blockchain-mainnet-launches"},"other_sources":[],"tags":["Funding","Unlimit"],"body_markdown":"Unlimit founder Kirill Eves has committed $45 million to Phase, a new blockchain whose mainnet launched on October 29, 2026 alongside a service called Phase Proxy. [Cointelegraph](https://ct.com/news/unlimit-founder-phase-blockchain-mainnet-launches) reported the commitment, which the company said covers its first two years of development and provides another two years of runway.\n\n## How the Phase Commitment Is Structured\n\nPhase has no outside investors, the company told Cointelegraph, making Eves' commitment the funding behind the network. The blockchain lets smartphone users earn PHASE tokens by validating blocks and by sharing their internet connection through Phase Proxy, which routes AI agents' web requests through those connections.\n\nEves described the problem the proxy addresses in terms of how sites treat automated traffic. \"Websites routinely block or rate-limit automated traffic originating from data centers, even when an agent is acting on a legitimate user request,\" he told Cointelegraph. He added that as agents take on more tasks across multiple websites, these restrictions are becoming a significant barrier to their adoption.\n\nInternet infrastructure provider Cloudflare lets website owners manage AI traffic, and for new domains its settings block agent and training traffic on pages displaying ads, according to akta.pro [company records](https://akta.pro/company-data). Eves founded [Unlimit](https://akta.pro/company-profiles/000272m/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.\n\n## What Smartphone Users Contribute to Phase\n\nUsers join through the Phase app and earn PHASE tokens for validating blocks and sharing connectivity through the proxy service. Eves said current flagship smartphones can deliver approximately 35 to 45 TOPS of AI processing performance depending on the device, allowing them to run smaller open-weight AI models locally. Participation is adjusted based on a device's battery level and connectivity.\n\n## Unlimit's Hong Kong and Payments Moves\n\nUnlimit signed a partnership agreement with the Hong Kong government as part of the OASES programme, The Paypers reported in October 2026, following its receipt of a Money Service Operator licence in August 2026. IBS Intelligence reported in October 2026 that Unlimit was selected as a Strategic Enterprise by Hong Kong's OASES and plans to use Hong Kong as a gateway for Asia-Pacific expansion. The Fintech Times reported in October 2026 that Gr4vy and Unlimit announced a partnership on October 8, 2026 to extend local payment methods including Pix, M-Pesa and WeChat Pay to Gr4vy's enterprise merchants.\n\n## Phase's November Service Plans\n\nPhase plans to launch an AI computing service in November, when smartphone users will be able to contribute computing power. A second service expected in November will route requests across AI models. Phase said it plans to develop its own model and expand to desktops, servers and graphics processing units, and that part of the revenue from these services would fund PHASE purchases on the open market to reward node operators.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}