Solana is one of the largest decentralized blockchain platforms that enables scalable and user-friendly apps. Thus Solana is one of the fastest-growing Blockchain ecosystems. Now, Solana announced that they are going to launch a suite of products that helps to harvest crypto’s potential to integrate with smartphones. According to the official post of the co-founder of Solana Labs, Anatoly Yakovenko, “the digital assets industry and this network have grown and support millions of users, but apparently, they rely on desktop applications. So I believe that it is time for a crypto to go mobile”.
The company also announced the launch of its first smartphone and named it “Saga”. With a native custody solution known as Seed Vault, the smartphone is planned to launch by Q1, 2023. The seed vault will also include features such as Mobile Stack and a non-fungible token called Saga pass and a dApp store. Many enormous whales in the cryptocurrency market, including StepN, are backing this new business. FTX, Coral, Magic Eden, Okay Bears, Phantom, Orca, and Kiyomi/OpenEra.
Solana Launches Crypto-Native Smartphone Says “Time To Go Mobile”
With the launch of the new smartphone, Solana is planning to contribute to the improvement of payment rails, by removing third-party websites from the processes. “Any one of these things would be an achievement, but together this is the start of a huge leap forward for crypto adoption on mobile. Now is the time to design features and experiences that take advantage of the ability to make web3 transactions on mobile and transport digital assets anyplace.
Solana Is Planning To Provide More Custody Solutions
Apart from providing solutions to the obstacles created by the big tech, the company is also planning to provide users with native hardware and software with a native custody solution. Solana Labs’ co-founder said, “Every day, I hear about people skipping dinners, conferences, even vacations to sign crucial deals.” The mints, trades, listings, and transfers critical to the daily life of crypto-lovers are dragging us away from our lives with others”.
There has been an increase of 44% of users for Solana since December 2021. The team at Solana Labs believes that these metrics could rise in the coming years after launching the mobile app. Solana offers composability by maintaining a single global state as the network scales. They ensure low-cost and fast transactions that remain less than $0.01 for both developers and users. Also, it is censorship-resistant and is spread over thousands of independent nodes. So that all your transactions are always safe and secure. With all these features, Solana Labs is considered the fastest blockchain in the world with thousands of projects spanning DeFi, NFTs, Web3, and more.