The Chapter 2 web3 phone that was only recently revealed by Solana Mobile has had an incredible amount of demand, as seen by the fact that preorders were completely sold out within the first day of the launch announcement.
The Solana Mobile Chapter 2 phone was introduced earlier this week as a more affordable successor to the Saga, which was the company's initial entry into the web3 phone market. Initially, Chapter 2 will be available for purchase for a price of $450, which is lower than the Saga's price tag of $599.
In the first year of the Eclipse Saga, Chapter 2 Sales came in.
The co-founder of Solana Labs, Raj Gokal, said to TechCrunch that Chapter 2 achieved its seven-day sales target in within the first twenty-four hours of its release. An astonishing 25,000 preorders were received within the first day, and then 30,000 orders were received inside the first thirty hours following the introduction of the product.
When compared to the Saga, which was released somewhere in the middle of the previous year at a price point of one thousand dollars, this represents a significant rise in demand. The Saga did not become widely used until its price was reduced to $599 and it began providing crypto incentives to owners via decentralized applications. Not until then did it become popular.
When the decentralized app Bonk announced that it will give out 30 million BONK tokens to SAGA owners for free, the phenomenon of SAGA's meteoric rise in popularity occurred almost completely overnight. The thirty million BONK tokens were worth more than the five hundred and ninety-nine dollars that the SAGA phone cost at the time. This meant that consumers could practically receive the SAGA gadget for free just by claiming their BONK cryptocurrency award.
Fans of cryptocurrencies hurried to collect their free tokens along with the phone as a result of the campaign, which caused SAGA to sell out in only two days following the Bonk announcement. Because of this, the offer caused a sales frenzy.
Now, Chapter 2 is on track to surpass the cumulative sales of Saga over the course of a year in only its first week, which is a clear indication of the remarkable interest in Solana Mobile's new web3 phone that is more affordable.
Why is there such a frenzy around preorders?
The demand for Chapter 2 presales is quite high for a number of reasons, and these reasons are all interconnected.
To begin, the phone has web3 features that are comparable to those of the Saga, but it costs $450, which is a more reasonable price point. This, in conjunction with the increased knowledge among crypto enthusiasts of the advantages provided by web3 phones, such as built-in cryptocurrency wallets and access to decentralized applications, is a major factor.
The second reason is that the fact that the BONK marketing for the Saga was so successful has fueled the expectation that the next phone would provide even more tempting incentives.
Solana Mobile has hinted at "building on this experience" via agreements with crypto projects that give incentives to new phone buyers. This is despite the fact that Chapter 2 will not feature the Saga's genesis token for redeeming prizes.
In conclusion, Solana Mobile built Chapter 2 with the intention of providing developers and consumers in the web3 area with more room for customization. As a result of the absence of platform fees and the absence of limits on the tokens or NFTs that are supported, cryptocurrency projects have a larger incentive to collaborate with Solana Mobile.
Are Solana Mobile Capable of Maintaining the Excitement Around Chapter 2?
It is essential to determine whether or not Solana Mobile will be able to maintain interest and sales momentum for Chapter 2 in the period leading up to its anticipated introduction in the beginning of 2025.
It will be necessary for the corporation to fulfill its commitments to provide crypto incentives to owners of Chapter 2 shares. As a result of the propensity of computer enthusiasts to have short attention spans, it is possible that the demand may turn out to be nothing more than hype that will eventually die down.
Whatever the case may be, the startling early preorder figures are evidence of the growing popularity of web3 phones among the general populations. It is possible that Chapter 2 will mark the beginning of a new phase of fast development for the adoption of web3 mobile technology if Solana Mobile is able to grab and maintain people's curiosity.
