Web3 Watch: Solana announces second ‘Web3 phone’

Plus, Puma’s latest venture into Web3

article-image

sdx15/Shutterstock modified by Blockworks

share

Over a year after debuting its first so-called “Web3 phone,” Solana unveiled new details about its second attempt at a DeFi-friendly smartphone: the Solana Seeker. 

Initial reviews of Saga were mixed in 2023, with users complaining about the variety of dapps available and many ultimately deciding the crypto features were not enough to convince them to ditch their standard smartphone. 

The Seeker, previously referred to as “Chapter 2,” will come with updated versions of the Seed Vault Wallet and Solana dapp Store. The phone will launch in 2025. 

Read more: Solana’s second phone is nearly here — and so are the airdrops

Demand for the Saga device surged earlier this year when owners were airdropped an exclusive “Saga Monkes” NFT, which quickly became more valuable than the phone itself. In early January, the NFTs were listed for around $1,250, more than double the price of the smartphone at the time. At time of publication, the floor price for Saga Monkes was 1.68 SOL, or around $240. 

The Seeker experienced a similar phenomenon. Those who preordered the device were airdropped two memecoins that briefly surged in price and covered the value of the not-yet-launched phone. 

Puma jumps into the gaming arena 

German sports brand Puma has partnered with mobile game UNKJD Soccer to bring its brand into the virtual universe. 

“Placing the Puma brand and products in digital environments is critical to our success and there is no more natural fit than UNKJD Soccer,” Ivan Dashkov, director of emerging market technology at Puma, said in a statement Thursday. “People are increasingly expressing themselves in games and digital worlds, so having the Puma brand available in these environments is a huge priority to us as gaming culture is a part of our all-encompassing culture.”

Read more: Web3 Watch: Reebok jumps into digital wearable game 

The collaboration is the latest of many that Puma has with various Web3 brands. Puma in 2022 announced it was joining forces with 10KTF to offer NFT PFPs. 

One interesting stat: 

Web3 security platform CertiK’s new venture capital business plans to invest $45 million in a new suite of products, both in-house and from outside companies. The investment will in part go to funding two free-to-use security tools: Token Scan and Wallet Scan, the company announced during the Token2049 conference in Singapore.

Also of note:

  • Animoca Brands’ The Motorverse has partnered with DeLorean Motor Company. The first joint venture between the companies will be a limited NFT collection featuring a DeLorean DMC-12 sports car in various Motorverse Web3 game settings. 
  • BNB Chain announced Friday it would be integrating with Telegram, a feature they say will allow users to seamlessly manage BNB Chain assets within the messaging app. 
  • In more SOL news, Play Solana announced it’s launching a physical gaming handheld device that will run on the Solana blockchain. Information about preordering the device will be announced this weekend at the Solana Breakpoint conference.

Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter.

Explore the growing intersection between crypto, macroeconomics, policy and finance with Ben Strack, Casey Wagner and Felix Jauvin. Subscribe to the On the Margin newsletter.

The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.

Tags

Upcoming Events

Salt Lake City, UT

MON - TUES, OCT. 7 - 8, 2024

Blockworks and Bankless in collaboration with buidlbox are excited to announce the second installment of the Permissionless Hackathon – taking place October 7-8 in Salt Lake City, Utah. We’ve partnered with buidlbox to bring together the brightest minds in crypto for […]

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Permissionless is a conference for founders, application developers, and users. Come meet the next generation of people building and using crypto.

recent research

Unlocked by Template.jpg

Research

SKALE is a network of EVM-compatible chains with pooled security. SKALE stands out by offering a gas-free blockchain experience for end-users. It is able to do this by shifting validator compensation to developers. This business model has allowed SKALE to find traction in the gaming sector, demonstrated by the activity in the Nebula and Calypso hubs. As the network matures, SKALE chain growth will be a key metric to follow as the network’s economic sustainability depends on new chains joining the network and paying their monthly subscription fee.

article-image

Solana’s second unique validator client, Firedancer, is widely said to be more performant than the Agave client

article-image

The more choices LPs have to manage their capital, the more likely they are to remain engaged with a given decentralized platform

article-image

Plus, Blockworks’ Jason Yanowitz thinks we’ll see some “really fun stablecoin competition for the first time in years”

article-image

The Consensys suit was originally filed in April and included the allegation that the SEC had opened an investigation into Ethereum

article-image

Despite short-term boost, Bybit executive warns investors of “potential challenges posed by economic uncertainty and market fluctuations”

article-image

Plus, Trump’s purchase of burgers and diet cokes with $950 worth of BTC