Solana Labs will launch web3 mobile Saga and set up a $10 million ecological fund

Solana Labs CEO Anatoly Yakovenko announced at an event in New York City that his team is developing Saga, a new Android phone focused on Web3 that will include a Web3 dapp store, integrated “Solana Pay” To facilitate QR code-based on-chain payments, a mobile wallet adapter, and a “seed vault” (for storing private keys). Anatoly Yakovenko said it will cost around $1,000 and deliveries are scheduled to begin in early 2023. In addition, the Solana Foundation has committed $10 million to incentivize developers to build applications using its Solana Mobile Stack (SMS).