Get the latest tech news
Solana Mobile still has a long way to go until it hits breakeven
If Solana Mobile’s devices have 100,000 users, Yakovenko views that user base as a stronger distribution channel for dApps than through traditional app stores like Google or Apple.
“After Saga sold out, it felt like there’s an opportunity and the timing in the market was right,” Anatoly Yakovenko, co-founder of Solana Labs, said on TechCrunch’s Chain Reaction podcast. Saga’s fortunes improved after crypto users noticed the dog-centric memecoin BONK’s 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. “I think crypto was going through a hard bear market, and the Solana ecosystem was feeling the worst of it,” Yakovenko “We 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.”
Or read this on TechCrunch
