At an event in New York, Solana Labs CEO Anatoly Yakovenko revealed his firm is working on making the Solana Mobile Stack software ecosystem for Android, along with a new generation smartphone called “Saga” that will be available next year. This is another big move of Solana Labs in the Web3 field.
In shot, Solana Mobile Stack (SMS) is a crypto layer built on Android to make the experience on Web3 more seamless. According to Solana, this feature will work on all mobile devices, not just Android. This is a toolkit for developers who want to create crypto mobile apps on Solana. SMS is now available for download.
The new feature includes:
- Seed Vault: a software solution for storing private keys, seed phrases, as well as sensitive information that needs to be protected on Android devices.
- Solana Pay: a digital wallet for mobile payments.
- Decentralized dApp store: for mobile devices, providing easy and free access to Web3 applications and wallets built on Solana.
- SMS also allows mint and trade NFTs, access to Solana Defi as well as Web3 games on Solana.
Not only that, Solana Labs will release its own Android smartphone called Saga early next year. This is considered the main product of Solana Labs in the near future. The smartphone is packed with top-of-the-line specs including a Snapdragon 8+ Gen 1 processor, a 6.67-inch OLED display, 12GB of RAM, and 512GB of storage.
The phone is expected to retail for around $1,000. Solana Labs is taking a deposit of $100 and will give priority to Solana developers first. A limited NFT will be gifted for early pre-orders.
Additionally, the Solana Foundation will establish a $10 million fund in ecosystem development grants for developers building on Solana Mobile Stack.
In the past, crypto industry has seen two firms making blockchain smartphones, SIRIN LABS and HTC Exodus. At the end of 2018, Sirin Labs’ Blockchain FINNEY smartphone was launched in Spain. FINNEY was created to solve popular problems that crypto enthusiasts facing about safety and security. Meanwhile, HTC Exodus is a blockchain smartphone built-in Binance Chain and supports DEX exchange. However, neither of these products received wide attention and gradually fell into oblivion.
Tech giant Samsung has also stepped into the field with digital Samsung Wallet, as well as a built-in crypto wallet that supports Bitcoin and Ethereum’s ERC-20 tokens in its high-end smartphones.
Follow our channels for more crypto news:
- Cryptory Insights: https://t.me/CryptoryInsights
- Cryptory Global Community: https://t.me/CryptoryCommunity
- Facebook: https://www.facebook.com/CryptoryNetwork
- Twitter: https://twitter.com/CryptoryNetwork