{"id":2978,"date":"2024-01-25T22:41:22","date_gmt":"2024-01-25T22:41:22","guid":{"rendered":"https:\/\/solanacrypto.news\/2024\/01\/25\/solana-mobile-still-has-a-long-way-to-go-until-it-hits-breakeven\/"},"modified":"2024-01-25T22:41:22","modified_gmt":"2024-01-25T22:41:22","slug":"solana-mobile-still-has-a-long-way-to-go-until-it-hits-breakeven","status":"publish","type":"post","link":"https:\/\/solanacrypto.news\/2024\/01\/25\/solana-mobile-still-has-a-long-way-to-go-until-it-hits-breakeven\/","title":{"rendered":"Solana Mobile still has a long way to go until it hits breakeven"},"content":{"rendered":"
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Solana Labs co-founder teases possibility of third mobile device<\/h2>\n<\/p>\n
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\n\t\t\t
\n\t\t\tJacquelyn Melinek\t\t<\/a>
\n\t\t
\n\t\t\t\t\t\t9 hours\t\t<\/span>\n\t<\/div>\n<\/p><\/div>\n
\n\t\t\t\n\t\t<\/div>\n<\/p><\/div>\n
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Last month, Solana<\/span> Mobile\u2019s flagship web3 smartphone, the Saga, sold out. Last week the Solana Labs\u2019 subsidiary launched its second phone and got over 40,000 preorders in less than a week. But the company is not slowing down anytime soon.<\/p>\n

\u201cAfter Saga sold out, it felt like there\u2019s an opportunity and the timing in the market was right,\u201d Anatoly Yakovenko, co-founder of Solana Labs, said on TechCrunch\u2019s Chain Reaction podcast<\/a>. \u201cThe timing [for the new phone] worked out right around that moment.\u201d<\/p>\n

And if the second device is a success, there will be a third phone launched later on, Yakovenko hinted. Web3 mobile phones are not a punchline, in other words, but a potential growth category.<\/p>\n

But Solana Mobile\u2019s road to growth wasn\u2019t an easy one. Its first Saga handset didn\u2019t see much demand when it launched mid-2023<\/a> at $1,000. It soon lowered the price to $599 in light of weak demand.<\/p>\n

Saga\u2019s fortunes improved after crypto users noticed the dog-centric memecoin BONK\u2019s decentralized app (dApp) provided Saga owners with 30 million of its tokens for free, which was valued around the same price as the phone at the time. The Saga then sold out quickly.<\/p>\n

\u201cI think crypto was going through a hard bear market, and the Solana ecosystem was feeling the worst of it,\u201d Yakovenko said. \u201cWe were looking for more devs to go to launch and I would say [we were] kind of in survival mode because during that chasm of despair you just need to survive until something like macro [turns the market] around.\u201d<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Solana Labs co-founder teases possibility of third mobile device Jacquelyn Melinek 9 hours Last month, Solana Mobile\u2019s flagship web3 smartphone, the Saga, sold out. Last week the Solana Labs\u2019 subsidiary launched its second phone and got over 40,000 preorders in less than a week. But the company is not slowing down anytime soon. \u201cAfter Saga […]<\/p>\n","protected":false},"author":1,"featured_media":2979,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2978","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/posts\/2978","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/comments?post=2978"}],"version-history":[{"count":0,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/posts\/2978\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/media\/2979"}],"wp:attachment":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/media?parent=2978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/categories?post=2978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/tags?post=2978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}