Why it could revolutionize web3?

Solana Mobile has announced the launch of a new smartphone — Solana Seeker. What is interesting about the model that is intended to be part of the Web3 ecosystem?

Solana Mobile has announced the release of a new smartphone — Solana Seeker. Developers claim that this model will be an important part of the web3 ecosystem.

What’s special about the Solana Seeker?

The Solana Seeker promises users improved features over previous models: less weight, a brighter screen, an improved camera, and a longer battery life.

1/ We’ve been under construction for months and are excited to show you what we’ve been working on.

Introducing the next chapter of Solana Mobile: Solana Seeker 🧵👇 pic.twitter.com/2UW3Wqhymw

— Caller | Solana Mobile (@solanamobile) September 19, 2024

The device is fully integrated with the Solana blockchain. The smartphone is aimed at users who actively engage with crypto and decentralized applications (dapps). The developers have updated the dApp Store, adding features to track rewards and improve navigation between apps.

Solana’s new mobile | Source: Seeker | Solana Mobile

Each Seeker device will be accompanied by a unique Seeker Genesis Token that will grant users access to additional features, including exclusive rewards and content across the Solana ecosystem.

All digital assets and cryptographic keys will be stored in the secure Seed Vault. However, in the new model, the vault received an additional update developed together with the Solflare crypto wallet. Users will be able to make transactions and manage assets within the smartphone with a single click.

But Solana’s key technological innovation is the integration of artificial intelligence into the device. Seeker users will be able to create tokenized AI agents that will interact with Solana-based programs.

Solana Mobile has already raised $70 million

Pre-orders for the Solana Seeker are currently open for $450, but the smartphone will only ship in 2025.

The announcement of the new device has already generated a lot of interest. In just a few days since pre-orders opened, Solana Mobile has already earned $70 million. This is almost five times more than the revenue from sales of the previous Saga model.

It is noteworthy that more than half of the orders came from the Asia-Pacific region, where Solana smartphones had previously achieved low sales figures.

How is the LEFT reacting?

Following the news of the Solana Seeker device’s launch, the ecosystem’s native token, Solana (SOL), has surged in price by 8.34%. At press time, the cryptocurrency was trading at $140.67.

SOL price chart | Source: crypto.news

The decision of the US Federal Reserve to lower the key interest rate by 50 basis points from 5.25-5.5% to 4.75-5% may also contribute to positive dynamics. A decrease in the key interest rate, as a rule, stimulates demand for risky assets, including digital currencies.

Initial excitement around Solana Mobile

In June 2022, Solana Mobile introduced Saga, an Android mobile phone that allows users to connect to the web3 space.

Initially, pre-orders required a $100 deposit, which would be deducted from the phone’s final price. The device also received support for digital asset management, such as tokens and NFTs.

The real excitement around Saga didn’t really start until late 2023. The excitement around the Bonk (BONK) token led to the Saga, Solana’s web3 smartphone, selling out. The new product was released in May 2023, but by December everyone had forgotten about it. However, the meme coin has reversed this dynamic.

Since launch, all Saga owners have been able to claim 30 million BONK. Free tokens were available to those who downloaded the BONK app from a special store on Saga. Solana co-founder Raj Gokal wrote on X that Saga sales have increased 10x in 48 hours:

“Lol. Just so everyone knows, @solanamobile saga sales have increased more than 10x in the last 48 hours and are about to sell out before the new year.”

The increase was so great that his colleague Anatoly Yakovenko later announced a price increase for the mobile phone. In the secondary market, prices for Saga reached $ 5,000.

What does the crypto community say?

Solana users were excited to hear about the phone’s launch, with many supporting the initiative, saying the development would help promote the spread of cryptocurrency to the masses.

However, only time will tell if the smartphone will actually encourage crypto adoption; for now, the device is only available for pre-order.