Is it feasible to bring Web3 to the masses with smartphones?

The advent of smartphones has completely changed our way of life. From banking to buying airline tickets, from stock trading to short video production, it can all be done on a smartphone.

In order to accelerate the popularization of Web3 applications and seek a larger market space, Solana launched an Android-based Web3 smartphone Saga last month. Some crypto enthusiasts refer to it as the “iPhone of Web3” and believe that the Web3 smartphone will be the next big revolution in encryption.

What’s in a Web3 smartphone? Can it surpass today’s smartphones and bring the Web3 wave to the masses?

Inventory of three Web3 smartphones on the market

1. Saga: The first Web3 smartphone launched by Solana, with an estimated launch price of $1,000. The phone runs on Google’s Android system and comes with a decentralized app store (users don’t have to pay). In addition to this, it comes with a seed repository for storing private keys, and a software development kit to help developers build DApps. Currently, the prototype has not been sold to the public and is expected to be officially launched early next year.

Is it reliable to use a smartphone to bring Web3 to the masses?

2. HTC Desire 22 Pro: Web3 Metaverse smartphone, in which HTC comes pre-installed with the Universe app, providing users with a so-called rich Metaverse experience. Through the phone’s built-in Viverse app and Vive wallet, users can create virtual avatars and manage crypto assets, including NFTs and cryptocurrencies on Ethereum and Polygon, the company said, which will be available on September 30, 2022. India first.

Is it reliable to use a smartphone to bring Web3 to the masses?

3. Nothing Phone (1): Created by Carl Pei, co-founder of mobile phone manufacturer OnePlus, this phone is not strictly a Web3 smartphone, but it integrates Polygon blockchain technology to simplify The process for users to access DApps, blockchain games and payments through the Polygon network.

Is it reliable to use a smartphone to bring Web3 to the masses?

Web3 Smartphone vs. Regular Smartphone

The look and feel of Web3 smartphones is similar to that of ordinary smartphones, except that Web3 smartphones have built-in hardware encryption wallets —offline digital safes to protect and encrypt users’ private information, such as passwords, photos and Encryption keys, etc. In addition, such phones are also pre-installed with DApps running on the public chain. Today, the encryption field has realized the importance of network security, and has taken key protection measures when transmitting sensitive data between nodes to ensure that the interests of users are not violated.

In addition to storing users’ private information, hardware wallets provide an additional layer of security for user data, making users safe from data breaches and hacking attacks. It is reported that major smartphone manufacturers such as Samsung and Huawei are currently working hard to deploy Web3 infrastructure. Recently, Samsung USA announced the launch of its official Discord server to support Web3 events and sell NFTs; and Huawei’s various departments are also exploring the combination of Web3 and Harmony, Huawei Cloud, and Huawei Pay.

Looking to the future

The recent crypto winter is raging, and some industry giants such as Three Arrows Capital, Voyager Digital and Celsius Network are facing bankruptcy, and people’s confidence in the crypto industry is gradually weakening. Fortunately, though, we have learned one thing in the first three decades of the Internet age—that new technology will open up endless possibilities.

As we all know, the current smartphone field is almost monopolized by Apple, Samsung and other companies, and it took them a long time to occupy the current market share. Entering such a competitive market and gaining a foothold in such a competitive market is bound to be a very difficult process for a Web3 smartphone, especially at a time when the overall adoption of Web3 in the market is still relatively slow and facing global regulatory issues. .

However, from a global population perspective, more than 3.5 billion people are using smartphones, and this number will increase significantly. So the odds of mass adoption for Web3 smartphones are not small. And for the fledgling Web3 smartphone makers, making the right choice at this time is especially critical: do you choose to go it alone and compete with industry giants, or build partnerships with giants to achieve a win-win situation? I believe they already have their own answers.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/is-it-feasible-to-bring-web3-to-the-masses-with-smartphones/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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