Oyster Labs' smartphone launch event shows efforts to popularize Web3 applications of The Open Network (TON) blockchain as well as increase the applicability of Dapps available on the TON ecosystem.
Osyter Labs' 'UBS' smartphone on TON blockchain is open for pre-order
Oyster Labs recently launched the Universal Basic Smartphone (UBS), providing The Open Network (TON) Web3 applications on this phone.
Notably, UBS will provide owners with full access to their data, ensuring privacy. In addition, the UBS device will provide refunds, royalties, and user rewards in Web3.
Powered by TON blockchain, UBS phone is expected to reach millions of Telegram users in the near future.
Main features of UBS smartphone
Recently, a series of cryptocurrency projects have tended to launch hardware devices such as Solana's Saga smartphone, Aptos' Jambo smartphone, or Sui 's SuiPlay0x1 handheld game console to increase the widespread adoption of cryptocurrency. users of the platform as well as Dapps available on that ecosystem, in the context of increasingly fierce competition between layer-1s.
The Universal Basic Smartphone is said to mark a major step forward for the TON ecosystem. Compared to most similar products available on the market, the price of owning UBS is quite affordable - 99 USD/unit , the same price as Aptos' Jambo smartphone . This is lower than Solana 's Saga Chapter 2 price of $450 and Sui 's newly launched handheld game console SuiPlay0x1 with an expected price of $500.
Each UBS device purchased will come with a Genesis Non-Fungible Token , allowing holders to receive cashback through the OysterEarn app. UBS smartphones also have a rich Dapps store with more than 600 Web3 applications on the TON ecosystem.
Technically, UBS has a silver design with a lithium-ion battery with a capacity of 4060 mAh, using type C charging. This smartphone connects to 4G network, 6GB RAM and 128 GB internal memory. The phone uses the Android 10 operating system, with security features including facial recognition.
The TON ecosystem is constantly growing
TON price has increased by nearly 15% since April 8, when the UBS phone was announced. The altcoin has a fully diluted valuation (FDV) of about $37 billion and an Medium daily volume of about $550 million, according to CoinGecko.
TON price fluctuations in the last 7 days. Source: CoinGecko (April 11, 2024)
In recent times, the TON blockchain has developed into a vibrant Web3 ecosystem, with momentum coming from the $115 million The Open League ecosystem development fund announced at the end of March. driven by news from Telegram such as the upcoming IPO event and Telegram's use of TON in advertising payments and will Chia revenue with users.
The TVL of the entire TON system is currently reaching 159 million USD, continuously rising since the beginning of March.
TVL fluctuations of the TON ecosystem. Source: defillama (April 11, 2024)
Another project on TON also recently announced an initiative to identify users using fingerprint scans, with a model similar to Worldcoin .
Coin68 compiled
Join the discussion about the hottest issues of the DeFi market in the Fomo Sapiens chat group with Coin68 admins!!!
