What Is Pharos Network?

Pharos Network is a new crypto Layer-1 blockchain that’s been designed to handle real-world asset (RWA) adoption at scale. Built for speed, efficiency, and developer flexibility, it’s trying to solve one of the biggest challenges in crypto right now: how to bring traditional financial systems and physical assets into the decentralised world without compromising performance or trust. Let’s take a closer look at what it offers, how it works, and why it’s gaining attention in the crypto space.

A Blockchain Built to Handle Real-World Assets

Pharos Network isn’t just another blockchain promising speed and scalability. Its entire architecture has been developed with real-world utility in mind—especially for use cases that extend beyond DeFi and NFTs. The platform is structured into three layers: Base, Core, and Extension. Each of these plays a specific role in how data is stored, validated, and executed.

At its foundation, the Base layer deals with efficient data handling and hardware optimisation. This is where low-level performance gains are made, and it’s partly what allows the network to process thousands of transactions per second. The Core layer is where the bulk of the consensus and transaction logic happens. Pharos uses a variant of asynchronous Byzantine Fault Tolerance (AsyncBFT) for consensus, which helps it achieve finality in under one second—a critical feature when dealing with payments or asset transfers. Finally, the Extension layer supports more experimental and specialised use cases, such as machine learning or sidechain deployment, without interfering with the main chain’s stability.

What sets Pharos apart from many other Layer-1s is its Ethereum Virtual Machine (EVM) compatibility, alongside support for WebAssembly (WASM). This makes it attractive to both Solidity developers coming from Ethereum and Rust/C++ developers who want to work in more flexible environments. Essentially, it tries to offer the best of both worlds—familiar tooling and cutting-edge performance.

Security is another important piece. With AsyncBFT, the network maintains resilience even in the presence of malicious nodes, and thanks to its modular structure, updates and enhancements can be made without destabilising the entire system.

Practical Use Cases in the Crypto Economy

Pharos is particularly focused on real-world asset (RWA) tokenisation, a growing segment in crypto that looks to bring tangible items—like property, commodities, or even equity—onto the blockchain. Tokenising these assets allows for more flexible ownership, faster transfers, and the possibility of fractional investment, which could open up previously illiquid markets to more people.

Take real estate, for instance. On traditional platforms, buying and selling property can be slow, expensive, and riddled with intermediaries. But with RWA tokenisation, properties can be represented as tokens on-chain and traded in near real-time, potentially transforming how we handle ownership.

Another major focus is real-time payments. With sub-second finality and low transaction fees, Pharos is positioning itself as a backend for fast, crypto-based money movement—whether that's peer-to-peer remittances or point-of-sale merchant payments. This real-time aspect is crucial in making crypto payments viable beyond just online or niche scenarios.

Pharos also supports decentralised exchanges (DEXs) that can accommodate more advanced order types. While most DEXs today operate with basic market and limit orders, Pharos’ infrastructure opens up possibilities for features that are more common in traditional finance, such as stop-losses or high-frequency trading strategies—without losing the benefits of decentralisation.

And then there’s NFTs. While the hype around NFTs may have cooled, the underlying tech still holds value for identity, gaming, intellectual property, and ticketing. Pharos supports NFT minting and trading, offering an alternative platform with potentially faster transaction times and broader smart contract support.

More uniquely, Pharos also embraces DePIN—short for decentralised physical infrastructure networks. This is where blockchain connects to real-world devices, allowing things like sensors, machines, or even smart homes to interact with the chain. Whether it's for supply chain logistics or environmental monitoring, these use cases could make blockchain much more relevant outside of finance.

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Ecosystem Growth and Support for Developers

Beyond the tech itself, Pharos is actively trying to build a thriving developer ecosystem. To that end, they’ve launched a $20 million Ecosystem Grant Program, aimed at funding projects that align with its mission. The grant is open to developers, startups, and researchers working on anything from DeFi to real-world infrastructure applications.

In terms of funding, Pharos recently closed an $8 million seed round led by Lightspeed Faction and Hack VC, two major names in the crypto investment world. Other investors include SNZ Capital and Dao5, which gives Pharos both capital and credibility as it enters a highly competitive space.

Partnerships are also central to its growth. A key one is with ZAN, the Web3 division of Ant Digital Technologies, known for its role in building out decentralised infrastructure in Asia. With ZAN’s help, Pharos will be working on secure node operations, enhanced validator services, and hardware acceleration features that could further boost performance.

Pharos’s roadmap includes support for "SuperApps", which combine multiple decentralised services into one experience. The idea is to streamline how users interact with DeFi, NFTs, and real-world applications by eliminating the fragmentation currently common in Web3. These SuperApps would run across multiple virtual machines and use a unified wallet system—making crypto tools feel less like a tech demo and more like an everyday product.

Crucially, Pharos is not trying to reinvent the wheel; it’s trying to make it spin faster, more reliably, and in more places. And with developer-friendly features, financial backing, and a long-term vision, the network is setting itself up to become a serious player in the Layer-1 race.

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Conclusion

Pharos Network enters the crowded Layer-1 space with a specific mission: make crypto infrastructure suitable for real-world use. With its high-speed design, support for both EVM and WASM, and strong focus on RWA tokenisation, it offers a fresh take on what a blockchain can be used for. Whether it’s real estate, payments, or on-chain applications that interact with the physical world, Pharos is worth keeping an eye on—especially for those building at the intersection of traditional finance and decentralised tech.

Frequently Asked Questions

1. Is Pharos Network a cryptocurrency?
   Pharos Network is not a cryptocurrency itself, but a blockchain infrastructure that supports crypto assets, smart contracts, and decentralised applications.
2. Can I build Ethereum-based apps on Pharos?
   Yes, Pharos is EVM-compatible, so developers can deploy existing Ethereum-based applications and smart contracts with minimal changes.
3. What makes Pharos different from other Layer-1 blockchains?
   Its focus on real-world asset integration, ultra-fast transaction finality, and modular infrastructure gives it a unique position in bridging crypto and traditional finance.