HIGHLIGHTS
Saga will provide a number of Web3 options, including a built-in wallet
In the past, HTC and Samsung have sought to produce phones with a focus on cryptography.
The general opinion of Solana's smartphone product appeared to be favourable.
Blockchain is being introduced to the smartphone market by Solana Labs. On June 23, Solana Labs CEO Anatoly Yakovenko introduced the "Solana Mobile Stack" (SMS), a software development platform for Web3 programmes. He provided information on the company's impending "Saga" smartphone during this New York event. When it debuts in the first quarter of 2023, this will be among the first smartphones in the world to focus on cryptography and Web 3. The name "Saga" was chosen, according to Raj Gokal, a co-founder of Solana, since "the tale of cryptocurrency is still being told."
To handle transactions made via QR codes, Saga will come pre-installed with a cryptocurrency wallet dubbed "Solana Pay." This phone will also have a "seed vault" for the secure storage of all the associated private keys.
"Around the world, about 7 billion people use smartphones, and more than 100 million individuals own digital assets; both of these figures will rise. In a blog post, Yakovenko stated that Saga "sets a new benchmark for the web3 experience on mobile."
Between 2017 and 2018, Yakovenko, a former employee of Qualcomm, created Solana Labs.
The 'Saga' smartphone from Solana Labs is now available for pre-order, allowing more smartphone users to explore with Web3 integration.
For a $100 refundable deposit, prospective customers may reserve their gadgets (roughly Rs. 7,830).
The message informed that pre-orderers could be entitled to a Saga Pass, an NFT that came with the initial batch of Saga devices, and the first ticket to influence the SMS platform's development.
The Solana Labs team hopes to promote widespread acceptance of cryptocurrencies by fusing Web3 with smartphone technologies.
Other smartphone manufacturers have tried combining cellphones and cryptocurrency in the past.
HTC's Exodus series, Samsung's KlaytnPhone, and Sirin Labs' Finney phones all made attempts to advance in the field but fell short of creating a significant buzz among consumers.
