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Blockchain software engineering
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More information about location
21-100 employees
To inspire the next generation of dapps by creating a new blockchain ecosystem that rewards developers.
Desirable
Decentralised app developers add immense value to the platforms they build on, but do not share enough in the network's success. Regardless of how many users their work brings into the blockchain, revenue mostly goes towards validators and miners. Phi Labs hopes to change this with Archway, a protocol that rewards developers fairly for the value they add to the blockchain.
Though there are other smart contracting platforms in the market, they have focused mainly on scalability and decentralisation. Phi Labs stands out with its focus on rewarding developers for the users they bring into the network rather than rewarding early participants. If the developer-first approach works, Phi Lab's Archway protocol stands to make a big splash in the $120B Cosmos ecosystem.
Phi Labs has secured early funding, led by notable investors CoinFund and Hashed. The capital raised is being strategically allocated towards product development, scaling up operational capacity, and talent acquisition, with the ambitious goal of more than doubling the size of the team. This infusion of resources is not only crucial for Phi Labs' immediate plans but also bodes well for the long-term trajectory and future success of the company.
Freddie
Company Specialist at Welcome to the Jungle
Mar 2022
$21m
SEED
Westminster, London, UK
Griffin Anderson
(CEO)Previously the Head of Product at Ignite/Tendermint and Senior Director of Product Management and ConsenSys.
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