Solana Labs CEO Anatoly Yakovenko calls its chance of failure ‘near certain’ but the opportunity ‘enormous.’
Solana Mobile has announced Aug. 4 as the launch date for its Seeker Web3 mobile phone.
A subsidiary of blockchain developer Solana Labs, Solana Mobile also revealed that the mobile ecosystem will have a native token, SKR. The token will power the economy and incentives of the platform and align users, developers and hardware manufacturers with growing the Web3 mobile ecosystem.
“Aligning incentives is essential to building a truly decentralized and self-sustaining mobile ecosystem,” said Emmett Hollyer, general manager of Solana Mobile, in a release. “Instead of being passive consumers in someone else’s walled garden, users, developers, and hardware manufacturers become active stewards of a community-owned digital infrastructure.”
The second-generation Seeker has already sold 150,000 devices, the company said.
The goal, said Anatoly Yakovenko, co-founder and CEO of Solana Labs, “is to build a top-tier mobile ecosystem that can compete with Google and Apple.”
Crypto is the wedge that can do it, Yakovenko said.
“Chance of failure — nearly certain, opportunity — enormous,” he added.
Decentralized Architecture
Solana Mobile also revealed the centerpiece of the device’s technical architecture – TEEPIN, or Trusted Execution Environment Platform Infrastructure Network. It’s a three-layer architecture that “allows developers, users, and device makers to participate in a secure, trustless mobile environment,” according to the company.
The first of the three layers is the hardware layer, which uses device-level TEE that permits cryptographic attestation of the device’s software and hardware integrity.
The platform layer allows verified users and apps to connect with onchain verification, allowing global distribution of apps without the gatekeepers and high fees of traditional mobile ecosystems.
Finally, the network layer is a decentralized trust layer covering devices and applications, managed by a network of community leaders and organizations.
“TEEPIN represents the next evolution in mobile — a framework where trust isn’t granted by a central authority but verified through cryptography,” said Yakovenko in the release. “By leveraging secure hardware that already exists on modern smartphones and governing access on-chain, we’re unlocking open innovation, platform ownership, and a decentralized future for mobile.”
Solana’s SOL token is down 4% on the week, but up 25% over the past month, according to The Defiant’s price feeds.
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