Key Insights:
- Solana’s Seeker phone secured 140,000 pre-orders with features including a custom wallet and integrated NFTs.
- BitGo’s USDS stablecoin aims to distribute 98% of earnings to network participants, offering a more rewarding ecosystem.
- TON Foundation’s partnership with Tada enables crypto payments for rides, showcasing blockchain’s practical use in daily life.
The Token2049 conference in Singapore wrapped up with major product launches, including Solana’s new Web3 phone ‘Seeker’ and BitGo’s entry into the stablecoin market with USDS. The two-day event showcased the latest innovations in the blockchain space, marking significant milestones for the companies involved.
Solana Unveils Next-Gen Seeker Phone
Solana Mobile announced its latest Web3 phone, the Seeker, set to launch in 2025. This new device is an upgrade from the earlier model, Saga, which faced challenges during its initial release, including sluggish sales and a high price point of $1,000. The Saga gained momentum only after a price cut to $599 and a promotional airdrop of BONK tokens, which spurred demand and led to the device selling out in key markets.
The Seeker, originally codenamed “Chapter Two,” has already secured over 140,000 pre-orders across 57 countries, boosted by strategic airdrops of cat-themed meme coins. Priced at $450, the Seeker offers enhancements such as improved battery life, a better camera, and an integrated crypto wallet for seamless transactions. The phone’s software will feature an upgraded dApp store, and each unit will ship with a Genesis NFT aimed at incentivizing users.
BitGo Introduces USDS Stablecoin
Crypto custody giant BitGo made headlines at Token2049 with the announcement of its new stablecoin, USDS, scheduled for release in January 2025. Unlike other prominent stablecoins like USDT and USDC, BitGo’s USDS aims to share 98% of its earnings with network participants, providing a more rewarding ecosystem for users.
Backed by treasury bills, overnight reports, and cash, USDS seeks to distribute interest income to those holding sufficient liquidity and registering their addresses with BitGo. The compensation will be tiered based on the volume of USDS held, encouraging broader participation and liquidity generation.
TON Partners with Tada for Crypto Ride Payments
Another notable highlight was the partnership between the TON Foundation and the ride-hailing app Tada, enabling payments with Toncoin and Tether (USDT) via the TON blockchain. The collaboration, showcased during the conference, allowed attendees to book rides through a Telegram mini app, highlighting a practical application of crypto payments in daily life.
Tada’s zero-commission model benefits both drivers and riders, with promotional offers including 4,000 free rides and discounts. This partnership positions TON and Tada to expand their presence, with Tada planning to extend its operations to Hong Kong by the end of 2024.
Sui Foundation Teams Up with MoviePass
The Sui Foundation also announced a strategic partnership with MoviePass, allowing the movie subscription service to accept payments in USDC via the Sui blockchain. This move will enable MoviePass members to use stablecoins for subscriptions, aligning with Sui’s broader efforts to integrate blockchain technology into everyday transactions.
As part of the partnership, Sui will take an equity stake in MoviePass, further solidifying its investment in mainstream blockchain adoption. This collaboration exemplifies the growing trend of crypto payments crossing into traditional service industries.
Conclusion
Token2049 in Singapore highlighted significant advancements in the blockchain ecosystem, from innovative hardware like Solana’s Seeker phone to new financial products such as BitGo’s USDS stablecoin. These announcements underscore the evolving landscape of blockchain technology, with companies seeking to bring crypto solutions into practical, everyday use cases.
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