Technology giants reminiscent of Apple Inc AAPL and Samsung might have competitors within the cell phone market quickly. A main blockchain firm introduced a brand new cell phone coming in 2023.
What Happened: Solana Labs, the corporate behind Solana SOL/USD, introduced a crypto cell phone in partnership with Osom, as reported by The Verge.
The Osom OV1 cellphone that was beforehand in improvement is being renamed and repurposed as the Saga.
The cellphone might be accessible within the first quarter of 2023 in markets that embrace the U.S., Canada, U.Okay. and elements of Europe. A $100 deposit is required to order the cellphone, which has a price ticket of $1,000.
Specs on the cellphone embrace a 6.67-inch OLED show, 512GB of storage, 12GB of RAM and a Snapdragon 8 Plus Gen 1 chip from Qualcomm, Inc. QCOM.
The cellphone will include many crypto-specific software program gadgets together with help for decentralized apps from the Solana blockchain.
The Saga cellphone may also function Magic Eden and Phantom, the main NFT market and pockets for the Solana blockchain, respectively.
“Osom is incredibly excited to partner with Solana in building the Saga,” Osom CEO Jason Keats stated. “The world needs novel hardware companies to support the future that is Web3.”
Solana builders may get early entry to the Saga.
“We’re targeting those hardcore people that understand what self-custody means,” Solana Labs CEO Anatoly Yahovenko stated.
A slide in the course of the presentation stated, “developers and degens first.”
Related Link: How To Buy Solana
Why It’s Important: Yakovenko confirmed off the cellphone and specs on Thursday in New York calling the cellphone one other evolution in a quest for cryptocurrency to “go mobile.”
“We didn’t see a single crypto announcement at Apple’s developer conference, 13 years after Bitcoin went live,” Yakovenko stated throughout a Q&A Thursday. “I think it’s going to be up to us.”
FTX CEO Sam Bankman-Fried is a key investor in Solana Labs and spoke Thursday on the brand new cellphone.
“Everything is going mobile. In most countries, most of the access happens through mobile phones,” Bankman-Fried stated. “But crypto mobile is behind the times.”
The FTX CEO stated that an choice to maneuver the needle ahead is to have wallets constructed into telephones.
Yakovenko echoed the assertion from Bankman-Fried in a press launch Thursday.
“We live our lives on our mobile devices — except for Web3 because there hasn’t been a mobile-centric approach to private key management,” Yakovenko stated. “The Solana Mobile Stack shows a new path forward on Solana that is open source, secure, optimized for Web3 and easy to use.”
An app retailer for the Saga cellphone could have no “extractive fess,” Yahkovenko stated, which was famous as being in stark distinction with the app shops from Apple and Alphabet Inc GOOGGOOGL-owned Google Play Store.
A blockchain cellphone was deliberate by Sirin Labs in 2018, Coindesk famous Thursday. The cellphone confronted litigation and failed to realize steam by means of its improvement.
Yakovenko mentioned the shortcomings of crypto telephones earlier than the Saga and stated the brand new cellphone is healthier positioned resulting from extra builders within the crypto house now in comparison with 2018.
SOL Price Action: Solana is up 7.62% to $37.45 on Thursday afternoon.
Photo: pakie through Shutterstock