Solana Labs Is Building A Smartphone Web3

Solana blockchain advocates say the web3 smartphone will cost around $1,000 and be available for delivery in early 2023.

Solana makes Web3 smartphone and dApp store

At an event in New York City, Solana Labs CEO Anatoly Yakovenko revealed the Solana Mobile Stack software ecosystem for Android, along with the look and feel of a smartphone called “Saga” that will ship next week early 2023. This is the next move that shows Solana Labs placing huge bets on Web3.

Solana Mobile Stack (SMS) is a crypto layer built on Android to make the user’s Web3 experience more seamless. According to the company, the feature will work on all mobile devices not just Android. This is a toolkit for developers who want to create crypto mobile apps on Solana and SMS is now available for download.

SMS includes:

• Seed Vault: a software solution for storing private keys, seed phrases, as well as sensitive information that needs to be protected on Android devices
• Solana Pay: to facilitate mobile payments
• Decentralized dApp store: for mobile devices, providing easy access to Web3 applications and wallets built on Solana at no cost
• SMS also allows mint (create) and NFT transactions, access to Solana Defi as well as Web3 games on Solana

Not stopping there, Solana Labs will release its own Android smartphone called Saga early next year. This is the main product of Solana Labs in the near future. The smartphone is packed with top specs including a Snapdragon 8+ Gen 1 processor, a 6.67-inch OLED display, 12GB of RAM, and 512GB of storage.

Saga will have a secure hardware module to integrate the Seed Vault and protect users’ personal information from exploits and attacks.

The phone is expected to retail for around $1,000. Solana Labs is accepting a deposit of 100 USD and will give priority to Solana developers first. Those who pre-order early will receive a limited edition NFT marking the launch of the phone.

Additionally, the Solana Foundation will establish a $10 million developer ecosystem fund to provide grants to mobile creators. Projects in the Solana ecosystem that will develop apps/support for Saga include NFT MagicEden, Move-to-Earn StepN application, OkayBears NFT project, Orca DEX exchange, Phantom wallet, etc.

“The world is home to nearly 7 billion smartphone users and over 100 million digital asset holders, and both of these numbers will continue to grow. Saga will set a new standard for mobile Web3 experiences.”

Mr. Anatoly Yakovenko said

“Developers can now bring the power of Solana to our ‘pocket computers’. Solana could revolutionize a lot of what we do every day, but we need to open up the possibility of decentralized apps on our mobile devices for this potential to be realized.”

Solana co-founder Raj Gokal said

“Everything is going to be on mobile. However, mobile apps for crypto are falling behind. The best solution now is to have the wallet built into your smartphone.”

FTX CEO Sam Bankman-Fried, a supporter of the Solana ecosystem, commented

In the past, the history of the crypto industry has seen two units that have produced blockchain smartphones, SIRIN LABS and HTC Exodus. However, both of these products did not receive widespread attention and gradually fell into oblivion. Will this Web3 product of Solana make a breakthrough?

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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