Solana launches Web3-focused Smartphone Saga to improve crypto-mobile relationship – Meczyki.Net

Solana’s co-founder and CEO, Anatoly Yakovenko, had a Steve Jobs moment when he stood in front of an auditorium in New York City and announced the launch of Saga, an Android Web 3-centric smartphone.

“This is something that I fundamentally believe the industry needs to do,” Yakovenko said. “We haven’t seen a single crypto feature at the Apple Developer Conference 13 years after bitcoin was alive.”

Yakovenko jokingly said that people would take out their laptops in the middle of the dates so that they would not miss the NFT mining opportunity. “So I think it is time for crypto to go mobile,” Yakovenko said.

Saga aims to implement digital asset products and services, so that users can easily transact with their cryptocurrencies through a device as opposed to a laptop browser.

In addition to the SAGA announcement, Yakovenko shared the launch of the Solana Mobile Stack or SMS, a Web3 layer for Solana built on the phone.

“Web 3 still feels like we’re in the year 2007,” said Steven Laver, mobile engineering lead at Solana Labs. ,[SMS] Can build experiences for the community… It will treat SMS devices on Solana as first-class citizens.”

“Everything is going mobile,” FTX CEO Sam Bankman-Fried said at the event. Bankman-Fried said that in most countries, most access to people’s daily lives is through mobile phones. But mobile access to crypto products isn’t great today, he said.

The SMS will include a range of products including Seed Vault, Custody Solution, Mobile Wallet Adapter, Solana Pay for Android and its decentralized application (dApp) store. “It provides a new set of libraries for wallets and apps, allowing developers to create rich mobile experiences on Solana,” it said in a press release.

“1% of my purchases can be done with crypto right now… but I would prefer that [paying with it]” Bankman-Fried said. “Being a Web3 enabled device, it has a very powerful hardware wallet.”

Several crypto companies including FTX, Phantom, Magic Eden will partner with SMS and there is also a $10 million developer fund for those who build apps on it. “Builders are coming in and they are of higher quality than before,” said Raj Gokal, COO, Solana Labs. “Those users are ready for the next phase of development.”

The $1,000 device will have a 6.67-inch OLED display with 512GB of storage and is available for pre order With a $100 deposit and delivery will happen in Q1 2023, Yakovenko said.

“Wow,” Yakovenko kept repeating the word. In a humorous and perhaps – awe-inspiring way – Yakovenko highlights the many ‘wow’ moments he has seen in the Solana ecosystem over the years, but especially in the past 12 months. According to Nansen data shared by Yakovenko, Solana has over 21 million unique active monthly accounts.

This launch could bring Solana into the bigger tech league, moving away from the crypto-focused world only and into Android, along with Apple and Microsoft. The focus on bringing more Web3 alternatives to mobile devices could allow the Solana ecosystem to reach a mainstream audience as well, and to incorporate other crypto blockchains to do so.

The announcement also comes at a difficult time for the cryptocurrency industry, which has seen a huge drop in the price of the cryptocurrency. Yakovenko thinks the device doesn’t have the most mainstream appeal, but sees it as something that can reach even the most dedicated users of crypto. “We’re targeting hardcore people who know what self custody means. You have to start with a group that likes this product and move on from there.”