The first Ethereum-based smartphones sold out in 24 hours
Date: 2023-09-01 Author: Karina Ziganova Categories: BLOCKCHAIN, BUSINESS
The pre-sale of Ethereum (ETH) smartphones has been very successful. Within just 24 hours, the first 50 mobile devices with an operating system based on a network of smart contracts were sold out
Smartphone Ethereum
The Ethereum Phone is based on the Google Pixel 7a and is equipped with a unique open source operating system - ethOS. It is short for the name of the Ethereum operating system.
The new devices differ from other Web3 smartphones by having a built-in Ethereum light client. This feature allows the ethOS operating system to independently confirm blocks, turning the device into a “light node” of the Ethereum network.
The Ethereum smartphone has a number of built-in tools for working with payments, receiving and sending messages. In addition, integration with Ethereum Name Services (ENS) is built into the mobile device, which makes it easier to make payments. The device also supports Ethereum Virtual Machines (EVM) and Layer 2 scaling networks.
Ethereum-smartphones are available only for NFT
During the pre-order, only 50 mobile devices were available. To be eligible to purchase these Ethereum smartphones, willing buyers had to purchase an ethOS Non-Fungible Token (NFT). To back up a phone, it could be burned or destroyed.
On the social network X (formerly Twitter), users were warned about fake NFTs on the largest marketplace, OpenSea.
Some ethOS NFTs are being sold on OpenSea for three Ethereums (ETH), or almost $5,000. That's ten times the price of a regular Google Pixel 7a, which sells for $499 in the US.
Competition in the mobile Web3 space
While the presale of Ethereum-powered smartphones was a great success, the Solana (SOL) smartphone got off to a less successful start. Just over 2,000 devices have been sold since release, according to Flipside.
To boost sales of the handy Solana cryptophone, Solana Labs recently lowered its price from $1,000 to $599. The decision was made shortly after the announcement of the premiere of the Ethereum smartphone, which will take place in the fall of 2023.
