With its revolutionary smartphone, Solana aims to reach Google and Apple.
Solana enters the smartphone hardware industry in an effort to compete with Apple, Samsung, and Google for a little slice of the market in the years to come.
At TechCrunch’s annual Global Startup Conference, Solana co-founder Anatoly Yakovenko discussed the company’s new subsidiary, Solana Mobile. He said that the new smartphone, Saga, will provide web3 developers with an option and a departure from the established business models.
“They are designed on a rent-seeking paradigm, in which the creator owns all the material and you, the user, rent it. Everyone is aware that when you purchase a film from Amazon, you do not actually own it.”
Saga, he continued, is “one of the moonshots” that might alter the nature of web3, as developers are now at the forefront of its development. The startup has received accolades from developers for incorporating hardware functionalities for digital assets. The smartphone will come equipped with built-in cryptocurrency wallets, Solana Pay, and simple access to Solana-based games and markets.
Yakovenko has praised the projects as significant victories but claims that the business does not anticipate significant sales volumes in the near future. He adds that he would be “quite delighted with 25,000 to 50,000 units sold in the following year” and predicts that sales would go up afterwards.
Drive into cellphones by Solana
Saga was one of several projects that Solana announced in June along with the timing of its release in 2023’s first quarter. A 6.67″ OLED display, 12GB of RAM, 512GB of internal storage, and a Qualcomm Snapdragon 8+ Gen 1 engine are just a few of Saga’s impressive features.
Yakovenko expressed excitement at the potential of Saga and predicted that it will raise the bar for the sector.
“Around the world, about 7 billion people use smartphones, and more than 100 million individuals own digital assets; both of these figures will rise. Saga creates a new benchmark for mobile web3 experiences.”
Additionally, Solana unveiled the Solana Mobile Stack (SMS), a platform for Android developers to design fresh user interfaces for Solana applications. Leading technology development company OSOM, which has extensive expertise building hardware for Intel, Google, and other companies, built Saga.
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