- 1 Solana Labs-backed startup is building mobile devices tailored for Web3.
- 2 Reportedly planning new smartphone model launch in coming months.
- 3 The Saga phone was launched last year with a crypto wallet and trading features.
Solana Mobile, a mobile device startup backed by crypto leader Solana Labs, is rumored to be preparing to launch its next-generation blockchain smartphone. Coming on the heels of its initial Saga phone release just last year, Solana Mobile appears poised to offer tech-savvy cryptocurrency traders even more specialized Web3 capabilities directly built into pocket-sized hardware.
The planned addition to Solana Mobile’s product suite underscores the rising interest in crypto-native mobile offerings rather than simply conducting transactions on traditional devices via software wallets. Purposefully designing hardware around digital asset use cases allows for eliminating pain points that persist on iPhones or Androids trying to operate decentralized apps.
First-Gen Sets Bar for Innovation
As a quick background, Solana Mobile made waves in the mobile space with its introduction of the Saga smartphone in early 2022 after a lengthy development. The (SOL)-branded device shipped pre-installed with the Phantom non-custodial crypto wallet app and other unique benefits explicitly tailored for Web3 users.
This allowed self-custody of SOL, USDC, and other tokens natively and built-in decentralized app (DApp) browser access linked to Phantom wallet sign-ins. Saga users could instantly connect with their assets across exchanges, NFT platforms, GameFi worlds, and other decentralized services rendered seamlessly compared to toggling between separate apps on traditional mobiles.
Moreover, by integrating the DeFi protocol, Solana Pay provided contactless merchant payment functionality using USDC or SOL tokens. Beyond peer-to-peer value transfer, consumers could now transact with businesses accepting crypto without hassles.
Next Version in the Works
While Solana Mobile has kept mostly quiet about new devices over recent months, rumors are heating up that the team aims to capitalize on its vision for streamlined Web3 mobile experiences.
Industry sources with knowledge of Solana Mobile’s roadmap say engineers are hard at designing the next iteration of blockchain smartphones. Expected to carry a more powerful chipset and upgraded functionality, it may also boast compatibility with additional Layer 1 chains apart from Solana.
That expands the realm of decentralized apps and crypto networks available straight out of the box. Rather than just the Solana ecosystem, fans of Ethereum, BNB Chain, and other alternatives gain one-stop wallet and dApp portal access tied to Web3 services hosted across various blockchain bases.
Fostering Mass Adoption Goals
Besides consumer convenience, Solana Mobile’s dogged hardware pursuits align with Solana Labs’ mission of fostering global crypto and Web3 mass adoption. The firm believes easing onboarding frictions via purpose-built devices can increase participation rates.
Their thesis maintains that despite crypto’s penetration, owning self-custodial wallet software and navigating dApps still imposes too steep a learning curve for most people. Integrating functionality into accessible hardware analogous to ubiquitous smartphones removes needless barriers hampering further penetration.
If successful, the formula combined with Solana network scaling capabilities could be replicated across emerging market contexts where mobile phones constitute primary internet access devices for many unbanked consumers.
With possibilities abound thanks to the open-source ethos driving Web3 innovations, crypto smartphones like Solana Mobile’s could one day pervade all corners just as traditional mobile devices did in less than two decades. The next generation of such handsets certainly bears watching as adoption indicators are in their infancy stages today.
On the heels of its first Saga phone targeted at Web3 enthusiasts, crypto startup Solana Mobile looks ready to unleash its next-generation device tailor-made for decentralized app experiences. By baking in functionality fostering simplicity and self-custody for cryptocurrency owners, Solana Mobile aspires to further evangelize the ease of onboarding into burgeoning blockchain-based ecosystems.
If executed successfully again, the purpose-built hardware smoothing adoption formula could significantly move the needle for mass crypto participation globally. Just as traditional mobile devices opened internet access and utility to billions who previously found computers complex, crypto smartphones symbolize a key portal, making Web3’s promises finally accessible to the everyday consumer.
Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.