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Solana Labs co-founder teases chance of third cell machine
Final month, Solana Cell’s flagship web3 smartphone, the Saga, bought out. Final week the Solana Labs’ subsidiary launched its second cellphone and received over 40,000 preorders in lower than per week. However the firm isn’t slowing down anytime quickly.
“After Saga bought out, it felt like there’s a possibility and the timing available in the market was proper,” Anatoly Yakovenko, co-founder of Solana Labs, mentioned on starcrypto’s Chain Response podcast. “The timing [for the new phone] labored out proper round that second.”
And if the second machine is a hit, there might be a 3rd cellphone launched afterward, Yakovenko hinted. Web3 cell phones usually are not a punchline, in different phrases, however a possible development class.
However Solana Cell’s highway to development wasn’t a simple one. Its first Saga handset didn’t see a lot demand when it launched mid-2023 at $1,000. It quickly lowered the value to $599 in gentle of weak demand.
Saga’s fortunes improved after crypto customers seen the dog-centric memecoin BONK’s decentralized app (dApp) offered Saga house owners with 30 million of its tokens totally free, which was valued across the identical worth because the cellphone on the time. The Saga then bought out rapidly.
“I believe crypto was going via a tough bear market, and the Solana ecosystem was feeling the worst of it,” Yakovenko mentioned. “We have been in search of extra devs to go to launch and I’d say [we were] form of in survival mode as a result of throughout that chasm of despair you simply must survive till one thing like macro [turns the market] round.”