Roundup: Solana Unveils Flagship Android Phone, Coinbase to Support Solana Crypto Transfers

Solana Labs, through its subsidiary Solana Mobile, has taken a bold step for a blockchain company by becoming the first major to launch a smartphone that will make cryptocurrency trading more secure and accessible.

Solana Saga is a flagship Android phone with distinct functionality as it is fundamentally integrated with the Solana blockchain. His goal is to improve where Solana says mobile industry leaders have failed by optimizing the crypto experience in managing assets like NFTs and digital tokens.

Setting a benchmark for the Web3 experience on mobile devices

Saga was designed by the Android development company OSOM, which has a history with leading companies in the technology industry such as Apple and Intel. The idea is to make crypto-related apps much more mobile-friendly, as currently, most of them have functionality limited to desktop or laptop.

The phone will include a Web3 dApp store, a seed vault to house the device’s private key and seed phrases, and the Solana Pay mobile wallet. The wallet will allow users to complete transactions by scanning QR codes. The smartphone also boasts industry-leading specs including a 6.67″ OLED display, 512GB of storage, 12GB of RAM, a 50MP main camera, and Qualcomm’s Snapdragon 8+ Gen 1 processor.

It will ship from 2023 and is projected to hit the market at around $1,000. The phone will be available for pre-order, with an alternative to start with fully refundable deposits of $100. Users who pre-order will be eligible for a Saga Pass NFT, a token that will accompany the first edition of Saga mobile devices.

Solana Mobile Stack: An open source toolkit to overcome the limitations of the existing gatekeeper model

In addition to the phone launch, Solana Labs CEO Anatoly Yakovenko also revealed a new software development kit for Web3: the Solana Mobile Stack (SMS).

The software toolset was implemented to enable developers to deliver rich mobile experiences for wallets and apps on Solana and further establish a ‘Secure Element’ for private key management. The SMS SDK will also enable you to build mobile applications by providing the necessary libraries, reference implementations, and samples provided on the stack.

Co-founder Raj Gokal in a statement included in the press release noted that the open source software development platform would help Solana bring decentralized apps to phones. In this way, users can enjoy the potential of Solana through their mobile devices. Some of the names that support the Solana Mobile Stack are Coral, OpenEra, and Magic Eden.

A $10 million incentive for developers

The Solana Foundation revealed at the same time that it has set aside a grant for developers who choose to develop the open source toolkit. The allocated sum of $10 million will help accelerate the development of native mobile dApps” on the newly launched platform. Solana says that the idea of ​​having decentralized applications on mobile phones should have been explored earlier, but has become very important to moving Web3 forward outside of the desktop experience.

Coinbase introduces support for Solana transactions

Coinbase, the largest cryptocurrency exchange in the US, revealed on Thursday that it has introduced support for the Solana and Polygon blockchains in a bid to deal with the high gas fees incurred when sending cryptocurrencies using alternate strings. The exchange noted that the likes of Solana and Polygon had seen increasing popularity over the past 18 months, primarily due to their awareness of fees.

The integration will allow users to conveniently exchange (time, effort, and fee) between fiat and crypto in their respective Solana and Polygon wallets. Over the next month, eligible Coinbase and Coinbase Exchange users will be able to receive and send crypto tokens: USDC, ETH, and MATIC on Polygon, and USDC on Solana, with the intention of adding other tokens and networks over time.

To learn more about Solana, visit our Investing in Solana guide.

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