Solana’s Developers Introduce a Web3 Focused Smartphone
The new Saga Android phone was unveiled by Solana Labs CEO Anatoly Yakovenko at a gathering in New York City. The group is creating the hardware with web3 — which includes everything from decentralized trading platforms to NFT marketplaces — in mind.
A new subsidiary of Solana Labs is being established to develop technology for mobile applications, currently Solana developers are creating a crypto-native phone as part of the effort.
With the introduction of an Android phone and a new subsidiary specializing in web3 mobile apps, the Solana team is attempting to barge into the telecom sector.
The phone will come equipped with a 6.6-inch display, 512 GB of storage, and private key security features.
Yakovenko’s transition into mobile is a reflection of his prior work as an engineer at Qualcomm, where he oversaw teams that developed technology used by companies like Samsung, LG, and Google.
Yakovenko, a co-founder of Solana, stated that “nearly 7 billion people use smartphones worldwide and more than 100 million people own digital assets, and both of those numbers will continue to grow.” “Saga establishes a new benchmark for the mobile web3 experience.”
Saga, the flagship product of Solana Labs’ new subsidiary, Solana Mobile. Solana Mobile will provide developers with a toolkit to develop mobile-first crypto apps on the Solana blockchain in addition to expanding Saga.
In order to put Solana in the hands of mobile web3 users, there has been a noticeable shift toward hardware. A year ago, the network also had to contend with a number of technological challenges, such as several network outages, the most recent of which happened in early June.
According to a press release, the so-called Solana Mobile Stack “offers a new set of libraries for wallets and apps, allowing developers to create rich mobile experiences on Solana.” To encourage developers to create apps utilizing the Solana Mobile Stack, Solana is investing $10 million into a new ecosystem fund.
Pre-orders for the gadget require a $100 deposit and could cost up to $1,000. By early 2023, Solana Mobile hopes to start shipping the device.
What is Solana?
Solana is an open source project implementing a new, high-performance, permissionless blockchain. The Solana Foundation is based in Geneva, Switzerland and maintains the open source project.
To learn more about Solana, visit their website
