Solana Mobile reveals trustless architecture, token for Seeker device

Solana Mobile, a subsidiary of blockchain technology company Solana Labs, has revealed the next steps for its soon-to-be-shipped Seeker device and the overall ecosystem. The steps include a new, trustless architecture, a native token, and the Seeker ship date.According to the announcement, Solana Mobile will ship the device starting Aug. 4. Seeker is the company’s second-generation device, after the Saga Web3 phone that launched in April 2023. The company unveiled the Seeker phone in September 2024, saying it wouldn’t just be a “memecoin phone.” So far, it has pre-sold 150,000 units.The Solana Seeker has gone through two sale phases: The Founder window, where the price for each device was $450, and the Early Adopter window, where the price per device was $500. Assuming the lower price window, Solana Mobile could generate at least $67.5 million in gross revenue from device sales. For comparison, the iPhone generated $199.3 billion in revenue for Apple in 2024.The new architecture that will govern future Solana Mobile devices is called TEEPIN, which stands for “Trusted Execution Environment Platform Infrastructure Network.” It is a three-layer architecture — hardware, platform, and network layers — that will allow users, developers, and device makers to participate in a trustless environment.Anatoly Yakovenko, co-founder and CEO of Solana Labs, called TEEPIN “the next evolution in mobile” and a framework where trust is “verified by cryptography.”In addition, Solana Mobile is planning to launch “SKR,” the native asset of the Solana Mobile ecosystem. "It transforms the traditional mobile business model by giving stakeholders actual ownership in the platform,” said Emmett Hollyer, general manager at Solana Mobile. Related: Solana lacks ‘convincing signs’ of besting Ethereum: SygnumSolana Saga Solana Mobile’s first released device, Saga, initially elicited mixed reactions from the Web3 community — some hailed it as Web3’s “iPhone moment,” while others pointed to the network’s outages as a drawback. The Saga phone didn’t take off until late 2023, when a surge in the value of memecoins stored on the devices turned them into unexpected profit machines. Some units were listed on eBay for thousands of dollars, driven by growing demand. By December 2023, the Saga had completely sold out.Magazine: Memecoins are ded — But Solana ‘100x better’ despite revenue plungeWeiter zum vollständigen Artikel bei Cointelegraph Weiter zum vollständigen Artikel bei CointelegraphWeiter zum vollständigen Artikel bei Cointelegraph Weiter zum vollständigen Artikel bei CointelegraphWeiter zum vollständigen Artikel bei Cointelegraph Weiter zum vollständigen Artikel bei Cointelegraph