In the future years, Solana intends to capture a tiny slice of the smartphone hardware market from Apple, Samsung, and Google.
Anatoly Yakovenko, a co-founder of Solana, discussed the company’s new subsidiary, Solana Mobile, at TechCrunch’s annual Global Startup Conference. He said that the new smartphone, Saga, would provide an option to web3 developers and a departure from the conventional business models.
“They are based on a rent-seeking system in which the creator owns all material and you, the consumer, rent it. When you purchase a film from Amazon, you do not own it; this is common knowledge.
As developers are now at the centre of web3’s construction, he noted that Saga is “one of the moonshots” that might alter the web’s dynamics. Developers have lauded the business for incorporating digital asset capabilities into the hardware. The smartphone will have cryptocurrency wallets, Solana Pay, and simple access to Solana-based games and markets.
Yakovenko has praised the projects as a significant achievement, although the firm does not anticipate massive sales volumes in the coming months. He predicts that sales will increase in the future, adding that he would be “quite pleased with 25,000 to 50,000 units sold in the next year.”
Along with other projects, Solana revealed Saga in June, noting that the flagship smartphone would be released in the first quarter of 2023. Saga will sport a 6.67-inch OLED display, 12GB RAM, 512GB of internal storage, and a Qualcomm Snapdragon 8+ Gen 1 engine, among other outstanding features.
Yakovenko was excited about the potential for Saga, believing that it will establish a new industry standard.
Solana also introduced the Solana Mobile Stack (SMS), a platform for Android developers to build new application experiences for Solana. OSOM, a prominent technological development business with extensive expertise designing hardware for Intel, Google, etc., created Saga.
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