The reaction of Solana’s smartphone early adoptersĪlthough Solana Mobile’s decision appears commercially rational, some users who purchased the Solana Saga at the original price of $1,000 expressed frustration and disappointment. This strategy aims to make the product accessible to a wider range of consumers, encouraging mainstream adoption of Solana Saga and, by extension, Web3 mobile technology. Hollyer pointed out that a price reduction often stimulates rapid user adoption, benefiting both the company and users. The data track the number of Saga Genesis NFT mints, which occur when a Solana Saga owner configures their phone and accesses the Solana app store.Īs of 25 July, just over 2,100 unique Saga Genesis NFT owners have been registered, suggesting that this number of Solana Saga mintings has been activated since the phone’s launch in early April.Įmmett Hollyer, head of business operations at Solana Mobile, noted that price reductions of this kind are common in the consumer electronics industry, especially in smartphones. The data reveal that sales of the Solana Saga phone have dropped sharply from their peak in April and May, indicating that the initial enthusiasm may have waned. While this justification appears noble, data on the chain compiled by Flipside Crypto paints a slightly different picture. The company cited as the main motivation for this substantial cut the desire to promote the adoption of Web3 mobile technology while enhancing the experience of the nascent Solana mobile community. The price reduction was announced by Solana Mobile in a tweet Wednesday Solana justifies smartphone price cuts, but Flipside Crypto data highlights bad news
Solana justifies smartphone price cuts, but Flipside Crypto data highlights bad news.
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