The device will allow digital assets to be managed securely

Solana developers unveiled Web 3.0-focused smartphone

24.06.2022 - 14:35


2 min

What’s new? Solana Mobile, a subsidiary of Solana Labs, has unveiled Saga, an Android-based smartphone. The device’s functionality is tightly integrated with the Solana blockchain, which will enable secure to transact in Web 3.0 and manage digital assets such as cryptocurrencies and NFTs. Saga is already available for pre-order. According to a statement on the company’s blog, the smartphone will go on sale in early 2023 at a price of $1000.

Solana’s blog

What else is known about Saga? The smartphone is being manufactured by OSOM, an Android development company, whose team has extensive experience building computing hardware for Google, Apple, and Intel. The device will support the Solana Mobile Stack toolkit, which allows the creation of decentralized applications (dApps) for mobile phones. It is noted that Solana Mobile Stack is already available to developers.

Saga features a 6,67-inch OLED display, 12GB RAM, and 512GB storage space. The smartphone is based on Qualcomm’s Snapdragon 8+ Gen 1 chipset.

In early June, Solana announced a $100 million fund to invest in Web 3.0 startups from South Korea. Investments will be directed to games-related projects, NFTs, and the field of decentralized finance (DeFi).

On June 10, Cointelegraph analyst Yashu Gola said that the price of the native token of the Solana (SOL) blockchain may collapse by 40% this month. According to him, periodic network outages and decreasing in smart contract reserves will affect the decline of the rate. As of June 24, 13:40 UCT, SOL is trading at $41,09, gained 11.45% per day, according to cryptocurrency exchange Binance.

Subscribe to Getblock Magazine and stay up to date with the latest news from the world of cryptocurrencies and the digital economy