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Solana Labs co-founder teases risk of third cell gadget
Final month, Solana Cell’s flagship web3 smartphone, the Saga, bought out. Final week the Solana Labs’ subsidiary launched its second cellphone and acquired over 40,000 preorders in lower than per week. However the firm just isn’t slowing down anytime quickly.
“After Saga bought out, it felt like there’s a possibility and the timing out there was proper,” Anatoly Yakovenko, co-founder of Solana Labs, mentioned on TechCrunch’s Chain Reaction podcast. “The timing [for the new phone] labored out proper round that second.”
And if the second gadget is a hit, there will probably be a 3rd cellphone launched afterward, Yakovenko hinted. Web3 cell phones are usually not a punchline, in different phrases, however a possible progress class.
However Solana Cell’s highway to progress wasn’t a straightforward 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 mild of weak demand.
Saga’s fortunes improved after crypto customers seen the dog-centric memecoin BONK’s decentralized app (dApp) supplied Saga homeowners with 30 million of its tokens without spending a dime, which was valued across the similar value because the cellphone on the time. The Saga then bought out shortly.
“I believe crypto was going by way of a tough bear market, and the Solana ecosystem was feeling the worst of it,” Yakovenko mentioned. “We had been searching for extra devs to go to launch and I might say [we were] type 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.”
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