Solana Mobile is planning to launch a second smartphone as it looks to capitalize on the unexpected success of its first cryptocurrency-ready smartphone, a person familiar with the matter said.
The upcoming phone will have the same core features as its predecessor, called Saga: a built-in cryptocurrency wallet, custom Android software and a dApp store for cryptocurrency apps — but at a cheaper price and with different hardware, the person said. The cost of the original phone 1000 dollars When it was first launched last year, it later saw a price drop amid sales difficulties.
The new Solana Mobile could help cut into what has become a sweltering secondary market for the very limited supplies of existing Saga smartphones. At the time of writing, there was a factory sealed Saga device Catching bids It’s priced at $3,200 on eBay, five times its price five weeks ago.
At the time, Saga’s backers were preparing to move on from their experimental phones, which sought to create a mobile-first platform for cryptocurrency traders and NFT collectors, but struggled to find a large enough market to justify its existence.
That changed in an instant when cryptocurrency traders realized that the phone came with customization Bonk Codes that cover more than the price of the device. In less than a week, the epic was sold out.
In the following month, Saga Phones continued to generate profits for their owners through various projects Air drop Profitable tokens and NFT for 15,000 phones in the wild. These airdrops have strengthened the community around Saga and prompted more Solana developers to consider building mobile applications.
A Solana Mobile representative did not immediately respond to a request for comment.