Solana Labs co-founder hints at chance of third cellular system
Final month, Solana Cell's flagship Web3 smartphone “Saga'' is offered out. Final week, the Solana Labs subsidiary launched his second cellphone, and in lower than per week he had greater than 40,000 pre-orders. Nonetheless, the corporate's momentum will not be slowing down anytime quickly.
“After Saga offered out, we felt there was a possibility and the market timing felt proper,” Anatoly Yakovenko, co-founder of Solana Labs, stated on currencyjournals's “Chain Response” podcast. “The timing[of the new phone]simply clicked proper at that second.”
And if the second system is profitable, Yakovenko hinted {that a} third cellphone will likely be launched later. In different phrases, Web3 cell phones will not be a punch line, however a possible development class.
However Solana Cell's path to development hasn't been straightforward. The primary Saga gadgets didn't see a lot demand after they launched in mid-2023 for $1,000. In mild of low demand, the corporate rapidly lowered the worth to $599.
Saga's fortunes took a flip for the higher after crypto customers realized that dog-centric meme coin BONK's decentralized app (dApp) had given Saga's homeowners 30 million free tokens. It was price about the identical value as a mobile phone on the time. After that, Saga offered out rapidly.
“Cryptocurrencies have been by a tricky bear market, and I feel the Solana ecosystem was within the worst place,” Yakovenko stated. “We have been in search of extra builders for the launch, and I feel[we were]form of in survival mode, as a result of in that valley of despair, issues like macro[marketWeneedtosurviveuntilthingsturnaround”
