Solana unveils new phone: Why it could revolutionize web3?

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As a seasoned crypto investor with a knack for identifying promising projects and a keen eye for potential game-changers, I must admit that Solana Mobile’s latest offering, the Solana Seeker, has certainly piqued my interest. Having witnessed the meteoric rise and fall of various cryptocurrencies and related ventures, I can confidently say that this new smartphone seems to be more than just another gadget in the market.

The Solana Mobile team has unveiled their latest phone model called the Solana Seeker. This device aims to be integrated into the web3 infrastructure. Here’s what sets it apart:

Announcing the debut of the Solana Seeker smartphone by Solana Mobile, with the team asserting it’s set to play a pivotal role within the web3 infrastructure.

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What’s special about Solana Seeker

The updated Solana Seeker model boasts enhanced features over its predecessors. It’s lighter in weight, sports a more vivid display, offers a superior camera, and delivers extended battery performance.

For several months now, we’ve been immersed in construction, and we can’t wait to unveil our progress. Here it is – introducing the next phase of Solana Mobile: the Solana Explorer! 🧵👇

— Seeker | Solana Mobile (@solanamobile) September 19, 2024

This device seamlessly connects to the Solana blockchain. It’s designed for individuals heavily involved in cryptocurrency and decentralized app usage (dapps). The creators have recently enhanced the dApp Marketplace, incorporating functionalities for monitoring rewards and enhancing app navigation.

Solana unveils new phone: Why it could revolutionize web3?

Every Seeker gadget comes with its distinct Seeker Origin Key. This key grants users special privileges within the Solana universe, such as exclusive perks and content, plus unique benefits.

In the updated Seed Vault, all digital assets and encryption keys are safely stored. This latest version of the vault was collaboratively developed with the Solflare cryptocurrency wallet. Now, users can execute transactions quickly with just a single click and handle their assets within their smartphones.

Instead, let me rephrase for you: Solana’s key advancement lies in combining artificial intelligence with its devices. This means users of the Seeker can develop AI-tokenized agents, which will engage with applications built on Solana.

Solana Mobile has already earned $70 million

2025 delivery is confirmed for Solana Seeker pre-orders, priced at $450 each.

The unveiling of the latest gadget has sparked significant curiosity, and in mere days following its pre-order launch, Solana Mobile has amassed a staggering $70 million. This earnings surpass the revenue generated by the sale of the earlier Saga model by nearly a factor of five.

Interestingly, over half of our orders originated from the Asia-Pacific region, a place where Solana smartphones hadn’t been selling well before.

How SOL reacts

The value of the native token for the Solana ecosystem, Solana (SOL), increased by 8.34% following the announcement of the Solana Seeker device’s launch. As I write this, the cryptocurrency is being exchanged at $140.67.

Solana unveils new phone: Why it could revolutionize web3?

Lowering the key interest rate by 0.5 percentage points, from 5.25% – 5.5% to 4.75% – 5%, made by the U.S. Federal Reserve, may further fuel positive trends. Typically, a decrease in the key rate encourages investment in riskier assets like digital currencies.

The first excitement around Solana Mobile

In June 2022, Solana Mobile unveiled Saga – a smartphone model for Android devices, enabling users to interact with the decentralized digital realm known as web3.

To begin with, placing a pre-order necessitated a $100 security deposit that would later be subtracted from the total cost of the phone. Additionally, this device was equipped to handle digital assets, including tokens and NFTs.

The genuine buzz surrounding the Saga didn’t truly emerge until late 2023. The hype for the Bonk (BONK) token resulted in the sell-out of the Saga, a smartphone on Solana’s web3 platform. This new product was launched in May 2023, but by December it had slipped into obscurity. However, the meme coin managed to reverse this trend.

Following its debut, every Saga owner had an opportunity to secure 30 million BONK tokens. These free tokens were given to individuals who downloaded the BONK app from a unique store within Saga. As mentioned by Solana co-founder Raj Gokal on X, sales of Saga skyrocketed tenfold in just two days.

Hey folks! Just a quick heads-up: Sales for @solanamobile’s Saga have more than quadrupled over the past two days and are looking likely to run out before New Year. Keep that in mind if you were planning to grab one!

Due to the massive spike, Anatoly Yakovenko, his coworker, subsequently revealed an upward adjustment in the mobile phone’s price. On the resale market, the Saga phones were selling at around $5,000 each.

What does the crypto community say?

Users of Solana showed great excitement upon hearing about the upcoming phone launch. Many expressed their approval, believing that this move would catalyze the widespread adoption of cryptocurrencies.

Time alone can reveal if the smartphone truly encourages the use of cryptocurrencies – at present, it can only be pre-ordered.

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2024-09-19 17:32