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- The Web3-centered smartphone Saga from Solana is very close to its official launch date.
- But, the plan of launch has changed now.
The co-founder of Solana, Anatoly Yakovenko revealed at Disrupt 2022 that “Our target is not to sell 10 million units. Also, we should be very excited and satisfied with 25,000 to 50,000 units sold in 2023, that will be amazing.”
It is very hard to introduce a new phone without failure. As we have witnessed with many different firm’s efforts, Solana is seeking to do the launch in a different way, the co-founder indicated.
Beefore introducing Solana, the co-founder was at Qualcomm, Facebook and Windows where he made mobie phones. It is noteworthy that much of them were unsuccessful. But this time, it is different as it isn’t capital centered.
Yakovenko further added that, it is among moon shots. The reason behind this is that it is inexpensive enough to give a try. If there is a Web3 distribution medium forphone crypto creators, it can give chance for them to make experiences outside of the virtual asset environment. Clients don’t need to sign in to various apps for making a crypto transactions and those are the gear wheel we require for the other cycle.”
“Suppose you have 50,000 to 100,000 people who trade on Magic Eden on a daily basis. That is much profitable distribution channel for creators than the app stores having hundreds of millions of clients. For Web3 all the fund is in these little niche groups currently.”
The rent-seeking model
The idea of real digital possesionship means the virtual things should be treated like physical ones, and this isn’t similar to Apple or Google, Yakovenko explained. “They are made on a rent-seeking model where all the content is possessed by the creator and a person rents it.
Saga has plans to impose digital asset products and services, so clients can transact with crypto by their device, in contrast to a laptop browser. Along with the introduction of Saga, it is also all set to launch Solana Mobile, Stack or SMS.
Let us suppose, crypto really rises from 10 million monthly active users to 100 million monthly active users in the coming five years. I will envision the same with the SMS stack or the phone,” Yakovenko admitted.
Then, it might influence to change the mind of Google and Applee on the tax and will permit the same web3 experience that Saga is anticipating to have. That will be a victory, and also that will be amazing,” Yakovenko said.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
