Solana Saga Phone’s Successor Expected to Ship in Early 2025: Report

Crypto-enabled smartphone pioneer, Solana Mobile, secures 100,000 pre-orders for its second phone.
The pre-order revenue is at least $45M.
The success of chapter 2 underscores the growing appetite for crypto-powered mobile devices.

Solana Mobile, a pioneering player in the crypto-enabled smartphone market, has achieved a significant milestone with its latest device, “chapter 2.” In a remarkable display of demand, the smartphone has garnered over 100,000 pre-orders within a mere month of its announcement.

Ross Cohen, Head of Creative at Solana Labs, disclosed the achievement. She highlighted the stark contrast with the sales trajectory of their first phone, which took nearly a year to reach 20,000 units sold. The rapid success of chapter 2 underscores a growing interest in crypto-integrated mobile devices.

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Solana Mobile’s “chapter 2” Phone Crosses 100,000 Pre-Orders

On Monday, February 11, 2024, Solana Mobile crossed the crucial threshold as it hit the 100,000 pre-order milestone previously set as a condition for developing a second device. Bolstered by a $45 million pre-order revenue, the company is now gearing up to deliver units to customers by early 2025.

Anatoly Yakovenko, Solana’s co-founder, emphasized the improved economic viability of the chapter 2 smartphone. He noted that with over 100,000 customers already committed to purchasing the device, the economics are far more favorable compared to their experimental first phone, which originally retailed for $1,000.

Solana Mobile “chapter 2” Focuses on Crypto-Specific Features

Similar to its predecessor, chapter 2 boasts custom features aimed at seamlessly integrating cryptocurrency functionalities into the device’s core operations, particularly those on the Solana blockchain. Yakovenko highlighted the importance of these crypto-specific features in offering users a unique experience.

“It’s really tough to beat Apple and Google on camera and the other tech specs their leading smartphones boast,” Yakovenko said. “That’s why we really care about the crypto-specific features. We are trying to build something that you can’t get on another device.”

While some observers question whether the pre-order surge reflects genuine interest in crypto-enabled smartphones or merely speculation on token rewards, Solana Mobile remains focused on expanding its user base and ecosystem. With 100,000 units serving as a minimum threshold for production, the company aims to attract app developers and foster a vibrant ecosystem of games and applications.

Yakovenko also pointed out the disruptive potential of Solana Mobile’s app store, which does not impose the steep fees characteristic of traditional platforms, offering a more favorable environment for developers and merchants.

As Solana Mobile continues to make strides in the mobile technology landscape, the success of chapter 2 underscores the growing appetite for crypto-powered innovation and sets the stage for further advancements in the industry.

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The post Solana Saga Phone’s Successor Expected to Ship in Early 2025: Report appeared first on Bitcoinsensus.

Publication date

02/19/2024 - 13:25

Author

JD Cruzate

Article source

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