certify
Home arrow Article arrow Article Detail

Solana launched its crypto native smartphone Saga to enhance crypto mobile relationship

Profile Image

Indrani bose Follow

INDIA

Jun, 29 2022

Jun, 29 2022

likes | comments 0

Article Image

Solana Labs which is the founders and core contributors of Solana blockchain network, announced the launch of Saga, an Android web3-focused smartphone that will go with the project’s latest stack for Web3 developers, the Solana Mobile Stack software ecosystem for Android.

At an event in New York City, Saga which is a flagship release from Solana Mobile got launched. The device has 6.6-inch display and 512 GB of storage with an embedded private key security component. Numerous web3 features are being integrated with the phone natively by the developers such as NFT marketplaces and decentralized applications (Dapps).

Solana Mobile Stack (SMS) is an open-source web software kit that enable the development of native Android apps built using the Solana blockchain. The framework includes the Mobile Wallet Adapter which is a protocol for plugging in mobile Solana wallets. This feature will work on all mobile devices including Android the firm said. Using the Solana blockchain, the team will develop mobile crypto software. As per press release, the new web3 mobile device provides users with a new set of libraries for wallets and software apps. Using the "Solana Mobile Stack," the team plans to finance this new ecosystem with $10 million. The company plans to develop digital asset products and services so that users can easily transact with cryptocurrency through a mobile device, rather than a laptop browser. The Solana executives pointed out that they will use a zero-fee SMS-powered store to beat existing Google Play and Apple App Stores.

According to Solana co-founder Anatoly Yakovenko, the cost of the mobile device will be $1000 and is already available for a $100 pre-order deposit. The company, a subsidiary of Solana Labs, predicts that shipping will begin in the first few months of 2023.

At the event notable speakers Sam Bankman-Fried, CEO of FTX exchange and a Solana proponent shared their positive sentiments about the smartphone stating mobile crypto wallets must improve to keep up with the fast-paced web3 space.

According to Charles Hoskinson, the founder of Cardano, to reboot the mobile phone people would need to find seven of their friends in Discord implying that the phone may suffer performance issues similar to the Solana blockchain.


likes | comments 0

Profile Image

Indrani bose

CBW - External Analyst

INDIA

Comments
Data Centre Construction - World First artificial intelligence AI-Tech Utility Token
banner
Article
WMG team up with OpenSea to expand Web3 opportunities 

WMG?team up?with OpenSea?to expand?Web3 opportunities for artists. This platform will enable artists to?build and extend their fanbase in the Web3 community. The nonfungible token (NFT) marketplace..;

Disclaimer: The information is for informational purposes only.​ This advertisement does not constitute financial advice or any other advice. You should consult with a financial professional to determine what may be best for your individual needs. None of the information and/or content available through this advertisement is intended as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any company, financial product, security or commodity. To the maximum extent permitted by law, we disclaim any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable or result in any investment or other losses. In Making the investment decision, investors must rely on their own examination of the issuer and the terms of the offerings, including the merits and risks involved. Investments are speculative, illiquid, and involve a high degree of risk , including the possible loss of investment.