Solana Labs co-founder Anatoly Yakovenko took the stage last night at Disrupt, Take CrunchAnnual Global Startup ConferenceAnd the He hinted that Solana’s new Saga smartphone will offer a new alternative to the existing business models used by companies like Google and Apple.
“This is one of the moon shots,” he said, describing the Saga as an experience “cheap enough to try.” He added that it could pose a challenge to the existing leasing models used by Google and Apple’s app stores, both of which can take up to 30% of developer revenue.
“It is built on a rent-seeking model where all content is owned by the creator of the content and you as the user rent it,” he said. “When you buy a video from Amazon, you don’t actually own it; everyone realizes that you don’t.”
Yakovenko also made it clear that Solana does not expect high sales volume for saga, adding that he would be “very happy to sell 25,000 to 50,000 units next year.”
Solana phone joins a growing market
Report Solana Saga back in june Together with Solana Mobile Stack (SMS) software suite, it is a resource for developing native Android apps, wallets and games, along with a decentralized app store.
The phone itself has a Qualcomm Snapdragon 8+ Gen 1 processor, a 6.67-inch OLED display, 12GB of RAM and 512GB of internal storage. The device will go on sale for about $1,000 in the first quarter of next year.
While manufacturers including HTC and Samsung have launched smartphones with crypto capabilities including built-in hardware wallets, Solana aims to take it a step further.
One of the main selling points of the Saga is its full integration with Solana Mobile Stack, which will enable seamless access to Crypto walletsSeamless use of Solana Pay and access to applications built on Solana, including games, DeFi apps and NFT markets.
Yakovenko said the Solana Mobile Stack isn’t exclusive to the Saga, but if Android phone makers like Google and Samsung want to get involved in the process, they’ll need to adopt and adapt the software to enable full functionality on their own devices.
Ethereum sizing solution ribbed It also announced an all-in-one smartphone with encryption, in collaboration with phone maker Nothing, back in july.