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Solana Labs co-founder teases risk of third cell system
Final month, Solana Cell’s flagship web3 smartphone, the Saga, bought out. Final week the Solana Labs’ subsidiary launched its second cellphone and obtained over 40,000 preorders in lower than every week. However the firm is just not 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 system is successful, there will likely be a 3rd cellphone launched in a while, 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 worth 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 at no cost, which was valued across the identical value because the cellphone on the time. The Saga then bought out rapidly.
“I feel crypto was going by 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 might say [we were] sort of in survival mode as a result of throughout that chasm of despair you simply have to survive till one thing like macro [turns the market] round.”
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