Crypto News

This Company Is Building A Web3 Mobile Phone

Solana Labs is designing a mobile phone called Saga, an Android handset with specialty crypto wallet functions and the “Solana Mobile Stack” software development kit for Web3 programs. Saga will also include a Web3 decentralized app store, integrated Solana Pay to facilitate QR code-based on-chain payments, a mobile wallet adapter, and a “seed vault” that will store private keys deep within the recesses of the phone.

“Everything is going mobile,” said Sam Bankman-Fried, CEO of FTX and a key Solana backer. “In most countries, most of the access happens through mobile phones. But crypto mobile is behind the times. The best solution for this is having the actual wallet built into your phone.”

Solana Labs revealed that it plans to work with other companies to build the phone, including NFT marketplace Magic Eden, crypto wallet provider Phantom, and DeFi platform Orca.

According to Solana Labs CEO Anatoly Yakovenko, Saga will cost about $1,000 and will be available for delivery in early 2023.

(All information was provided by CoinDesk)

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