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Solana Mobile to Launch Second Crypto Smartphone

2024.01.16

 

Key Takeaways

  • Solana Mobile set to release a second smartphone with crypto capabilities.
  • The new phone follows the unexpected success of the original Saga smartphone.

Expanding Solana’s Smartphone Line

Solana Mobile is reportedly preparing to launch its second smartphone, capitalizing on the unexpected success of its first crypto-ready smartphone. According to a source familiar with the matter, the upcoming phone will retain the core features of its predecessor, the Saga, including an onboard crypto wallet, custom Android software, and a dedicated store for decentralized applications (dApps). This new model aims to offer these capabilities at a more accessible price point, with different hardware specifications.

The Saga Smartphone’s Market Impact

The original Saga smartphone, priced at $1000 at its launch last year, experienced a price reduction following initial struggles in sales. However, the market dynamics shifted dramatically for the Saga, leading to a surge in secondary market prices. Currently, a factory-sealed Saga device is fetching bids of up to $3,200 on platforms like eBay, significantly higher than its price just five weeks ago. This spike in demand was sparked by the realization among crypto traders that the phone included an allocation of BONK tokens, which outweighed the cost of the device.

Boosting Mobile Crypto Trading and NFT Collecting

Originally considered an experimental venture, the Saga smartphone aimed to establish a mobile-first platform for cryptocurrency trading and NFT collecting. Despite initial challenges in finding a substantial market, the phone gained immense popularity after selling out quickly due to the included BONK token allocation. Following this success, owners of the Saga phone continued to receive dividends through various airdrops of tokens and NFTs, enhancing the device’s value and bolstering the community around it.

Growing Interest in Mobile Crypto Applications

The success of the Saga smartphone has not only boosted its secondary market but also invigorated the Solana developer community. With 15,000 Saga phones in circulation benefiting from token and NFT airdrops, there’s a growing interest in developing mobile applications on the Solana platform. This trend underscores the increasing intersection of cryptocurrency and mobile technology, opening new avenues for innovation in the crypto space.

 


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