- Solana Labs released its flagship Android phone, Saga.
- Saga is a web3 focused phone with features such as secure integration with Solana blockchain, and an innovative Seed Vault feature for secure key protection.
- Despite the major announcement, SOL was down more than 3% over the past 24 hours.
Solana Labs announced the release of Saga, its flagship Android phone, on Tuesday. Per Solana Labs, the smartphone has been designed to bring blockchain technology to users worldwide and is now available for purchase and shipping to several countries, including the U.S., Canada, EU, United Kingdom, Switzerland, Australia, and New Zealand. Solana Lab’s official Twitter account tweeted:
JUST DROPPEDSaga public orders are now open for Order yours at: https://t.co/4ZIEs6ZysF pic.twitter.com/bmAhBFWToR— Solana Mobile (@solanamobile) May 8, 2023
The Saga smartphone comes with Seed Vault, a secure self-custody solution that protects users’ keys through biometric authentication and encryption. Additionally, users can access decentralized apps (DApps) through the Solana DApp Store without needing to sign transactions through a desktop web browser.
The smartphone also includes the Saga Genesis token, a unique device-bound non-transferable NFT that unlocks exclusive content and offers from Solana Mobile and DApps listed on the Solana DApp Store. According to Solana Labs, this token serves as a key to Saga Rewards, providing users with an enhanced experience and the ability to explore web3 immediately.
Early reviews of the Saga phone have been positive, with users praising its intuitive and secure design, deep integration with the Solana blockchain, and the innovative Seed Vault feature.
The announcement added that pre-order shipments have already begun, and Solana Labs plans to expand its shipping range to cover more countries in the near future. The blockchain firm is confident that Saga will revolutionize the mobile web3 experience.
Despite this major announcement, SOL, the native cryptocurrency of the Solana blockchain, has experienced bearish signs recently, according to data from cryptocurrency tracker Coingecko. At the time of writing, SOL is trading at $20.49, down by approximately 3.8% in the last 24 hours.
Furthermore, the weekly chart records a decline of around 5.47%, indicating market volatility. However, SOL’s trading volume has increased by 10.76% in the last 24 hours, reaching $455,745,488, while its market capitalization has dropped by 3.60% in the same period.
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