The price of Solana’s Web3 smartphone, Saga, has been slashed by 40% in an attempt to boost adoption. The price of the cutting-edge smartphone was lowered from the initial $1,000 to $599.
Solana Mobile said in an official tweet that the price cut aims to make the technology more accessible. And they are looking at driving web3 adoption.
Saga Web3 Smartphone Promises Seamless Web3 Transition
The platform said, “In April, we introduced Saga with a clear vision: to put Web3 at your fingertips. We continue to work to bring more people into the ecosystem and drive web3’s mobile future. Today, we are reducing the price of Saga to $599.”
Saga, which made its public debut in late April this year, quickly garnered attention with its promise of putting Web3 capabilities right at users’ fingertips. The smartphone promises a seamless transition into the Web3 ecosystem.
Please take a look at our guide on how Solana differs from Ethereum
The company behind Solana Mobile also expressed delight in how users have embraced the mobile-first experience over the past four months. It included audience engagement with exclusive rewards like the Claynosaurz mint.
The platform said it would add new benefits, such as allowlists and non-fungible token (NFT) drops, and introduce innovative applications to the Solana dApp Store.
Solana Struggles to Regain 2021 Valuation
Anatoly Yakovenko, co-founder and CEO of Solana, introduced Saga in June 2022. The smartphone’s standout feature was the integration of the Solana Mobile Stack (SMS), which created a mobile interface for Solana wallets and applications. This stack also incorporated a “Secure Element” to manage private keys, enhancing the security of Web3 transactions.
The Saga mobile phone boasts notable physical features like a dual-camera system with a 50MP primary camera and a 12MP ultrawide lens. The device also comes equipped with a 16MP selfie camera.
With its reduced price point, Saga is targeting wider adoption of Web3 technology. This comes despite Solana’s struggles to recover its record valuation from 2021. At press time, SOL remains almost 90% below its peak of $260.
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