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BREAKING:

HONDA TO SET UP $15B EV PRODUCTION BASE IN CANADA

Automaker to get up to $5B in government assistance for EV battery, assembly plants

Solana is rolling out a Web3 smartphone

Yahoo Finance Video

Solana co-founder Anatoly Yakovenko discusses plans to release a Web3-based smartphone called the ‘Solana Saga’ that will be released in 2023. Yakovenko joined the Yahoo Finance Live show on June 27, 2022.

Video Transcript

ANATOLY YAKOVENKO: So there's a couple of technologies in there. First of all, the Solana mobile stack is a piece of software that allows users to store their keys in the phone in such a way that nobody can ever steal them. And there's a wallet adapter to connect all of the wallets through those keys to all of the applications. A Web3 App Store that is Web3 first. So it doesn't have those extracted fees that developers are used to. And these technologies all tie in into like experiences.

Like, tap to pay can bring up your Phantom Wallet. And then you can pay with any coin, like, with any token at your cafe. So things like that, I think, are pretty important and transformative for crypto. Because it's not a lot of technology. It's literally something that a small team can build. They just require a few changes that only OEMs can do. So we've been partnered with OSOM to build this amazing device, the flagship phone, the Solana Saga.

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