Pharos launches AI Agent Carnival with 150,000 PROS prize pool to drive Agent transformation into production-grade applications

Pharos Network, an institutional-grade Layer 1 blockchain focused on RealFi (Real World Finance) and AI, announced the launch of a six-week global program marking the first anniversary of its public testnet, kicking off the summer of Alpha $PROS. Among the initiatives, the "Create Like a PRO · Agent Carnival" runs from today until July 21, with Pharos allocating a total prize pool of up to 150,000 $PROS tokens.

Over the past two years, AI Agents have bridged the gap from concept to product in traditional fields, but their on-chain presence remains largely in the demonstration phase. Most current Agents lack reusable skill assets and have yet to establish persistent social graphs and payment behaviors. Pharos believes the true value of AI Agents lies in their ability to operate as native on-chain economic entities, including autonomously holding assets, calling tools, coordinating with peers, and participating in value transfer on their own behalf. This transformation requires a Layer 1 built for high-frequency, low-cost, and composable Agent behaviors, as well as an entry platform capable of seamless orchestration. This carnival serves as Pharos's first large-scale operational test at the AI Agent layer, aiming to propel Agents from demos to continuous, production-grade economic activity, achieving the critical leap from narrative to scalable validation.

Wish Wu, Co-founder and CEO of Pharos, stated: "Over the past two years, there has been far more talk than action surrounding the AI Agent narrative. With this carnival, we are getting down to business, deploying real incentives and taking concrete steps. This also marks the first time Pharos's AI Agent layer is publicly subjected to stress testing and developer scrutiny, refocusing attention back on real-world implementation."

Anvita Flow will serve as the unified entry point for this Agent Carnival, connecting fragmented Agent behaviors into an observable and incentivized on-chain pathway, encompassing Skill design, Agent creation, Agent social interaction, Agent payments, and Agent co-creation.

The carnival is divided into two closely linked phases. The first phase, the "Developer Season," kicks off with a dual-hackathon structure of "Skills First, Agents Follow," aiming to progress from capability modules to complete intelligent agents within six weeks. An internal pioneer workshop was launched on May 25, followed by the large-scale public hackathon of the Anvita Flow Skills Summit starting today, culminating in the Pharos Agent Arena on July 6.

This hackathon has garnered support from industry sponsors including Alibaba Cloud, GoPlus, and CertiK. This progressive design requires Agents to call upon real Skills to complete complex tasks, pushing builders to transition from creating one-time demos to building reusable tools and production-grade primitives, establishing an on-chain value chain of "Skill Creator → Agent Developer → User Invocation."

The "AI Carnival," succeeding the Developer Season, will run from June 23 to July 21. Building upon assets developed during the Developer Season, it will guide users to gradually develop Agent-mediated social interaction and payment habits through the "Gravity Launch" track focusing on social connections and the "Resonance Creator" hub focusing on Agent-generated content, utilizing multi-dimensional leaderboards.

To support this end-to-end ecosystem loop, Pharos has allocated a total activity prize pool of 150,000 PROS tokens, incentivizing genuinely used and long-term retained assets. On the developer and infrastructure side, 100,000 PROS will be distributed for skill hackathons, development-side Agent invocation contests, Steward Agent first deployment incentives, and invocation contests. The remaining 50,000 PROS are dedicated to user participation, covering social and transfer tracks, top transfer and top friend leaderboards, and the anniversary community co-creation track.

By closing the value loop between skill creators, Agent developers, and AI users on a single chain, the network effects of the Pharos AI Agent layer are progressing from zero to one, heading towards one to a hundred. Exceptional developers and teams will enter the Pharos incubator selection pool, with opportunities to receive Pharos incubation support.

About Pharos

Pharos is an EVM-compatible Layer 1 public chain focused on Real World Finance, designed for institutional-grade assets, compliant finance, and global capital liquidity.

To synergize on-chain real financial activities, Pharos deeply integrates parallel execution, modular Special Processing Networks, and protocol-level compliance infrastructure, incorporating ZK-KYC/AML mechanisms, AsyncBFT consensus, and dualVM (simultaneously compatible with EVM + WASM). It supports RWA, stablecoins, cross-border settlement, on-chain yield markets, and programmable financial products at internet scale.

Pharos has established partnerships with several leading institutions in the global financial system, including Circle, Chainlink, Anchorage Digital, Morpho, and Centrifuge, bridging regulated capital markets with on-chain liquidity venues, enabling real-world assets to be allocated into strategies that generate real yields.

Pharos is founded by former core management and technical teams from Ant Group. Its investors include global financial institutions and infrastructure providers such as Hack VC, Faction VC, Sumitomo Corporation, Flow Traders, and SNZ.