Solana Cellular reveals trustless structure, token for Seeker machine
Solana Cellular, a subsidiary of blockchain know-how firm Solana Labs, has revealed the following steps for its soon-to-be-shipped Seeker machine and the general ecosystem. The steps embody a brand new, trustless structure, a local token, and the Seeker ship date.
In accordance to the announcement, Solana Cellular will ship the machine beginning Aug. 4. Seeker is the corporate’s second-generation machine, after the Saga Web3 cellphone that launched in April 2023.
The corporate unveiled the Seeker cellphone in September 2024, saying it wouldn’t simply be a “memecoin cellphone.” To this point, it has pre-sold 150,000 items.
The Solana Seeker has gone via two sale phases: The Founder window, the place the worth for every machine was $450, and the Early Adopter window, the place the worth per machine was $500.
Assuming the lower cost window, Solana Cellular may generate not less than $67.5 million in gross income from machine gross sales. For comparability, the iPhone generated $199.3 billion in income for Apple in 2024.
The brand new structure that may govern future Solana Cellular units is named TEEPIN, which stands for “Trusted Execution Setting Platform Infrastructure Community.” It’s a three-layer structure — {hardware}, platform, and community layers — that may enable customers, builders, and machine makers to take part in a trustless setting.
Anatoly Yakovenko, co-founder and CEO of Solana Labs, referred to as TEEPIN “the following evolution in cell” and a framework the place belief is “verified by cryptography.”
As well as, Solana Cellular is planning to launch “SKR,” the native asset of the Solana Cellular ecosystem. “It transforms the normal cell enterprise mannequin by giving stakeholders precise possession within the platform,” stated Emmett Hollyer, normal supervisor at Solana Cellular.
Associated: Solana lacks ‘convincing indicators’ of besting Ethereum: Sygnum
Solana Saga
Solana Cellular’s first launched machine, Saga, initially elicited blended reactions from the Web3 neighborhood — some hailed it as Web3’s “iPhone second,” whereas others pointed to the community’s outages as a disadvantage.
The Saga cellphone didn’t take off till late 2023, when a surge within the worth of memecoins saved on the units turned them into sudden revenue machines. Some items had been listed on eBay for 1000’s of {dollars}, pushed by rising demand. By December 2023, the Saga had utterly offered out.
Journal: Memecoins are ded — However Solana ‘100x higher’ regardless of income plunge
