Solana is launching a phone called the Saga. Users will be able to download dApps including trading platforms and NFT marketplaces. The device will also include hardware security measures and tools for developers to release their own products. The phone is expected to ship in early 2023.
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Solana plans to release a mobile phone, marking the industry’s first attempt to extend Web3 technology beyond the desktop. The phone will include a dApp store, Solana SDK, and hardware private key security.
Web3 goes mobile
The team behind Solana is launching a new phone.
Solana Labs CEO Anatoly Yakovenko announced the launch today at an event in New York City Saga, an Android phone built for Web3. The phone will provide access to a decentralized application (dApp) mobile store where users can download decentralized exchanges and NFT marketplaces.
Free distribution on dApp store; team acknowledges Target is to finally involve the Solana community in the governance of its directory.
Solana is one of the largest blockchains in the crypto space.The protocol is known for its high throughput (65,000 transactions per second compared to Ethereum’s 30) and very low fees due to its high degree of centralization and multiple power outages.
The Saga phone will feature a 6.6-inch display, 512 GB of storage and 12 GB of RAM. While Solana Labs doesn’t expect it to ship before the first fiscal quarter of 2023, users can pre-order it now on the website for 100 USDC.
Other products on the device include the Solana SDK, which provides a framework for developers to publish and distribute their own mobile dApps, and a hardware-encoded Seed Vault for users to store their private keys.
The Solana Foundation will supply A $10 million fund to “help launch a new mobile ecosystem” and “encourage the growth of mobile dApps.”
The market wasn’t concerned by the news, with Solana’s SOL token trading around $36.5 at the time of writing, down 2% from the time of the announcement.
Disclosure: At the time of writing, the author of this article owns ETH and several other cryptocurrencies.
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