Solana Co-Founder Reveals SKR Token Vision: "Capturing Value Through Cryptography and TEE"

Solana co-founder Anatoly Yakovenko (Toly) has revealed his vision for Solana Mobile's SKR token, slated for launch in January of next year. While Yakovenko acknowledged today that the technology stack "isn't ready yet," he said the SKR token could theoretically give holders vertical control over their phones, user experience, and monetization.

Yakovenko explained, "The SKR token leverages cryptography and Trusted Execution Environments (TEEs) to capture value for token holders." This is interpreted as a sign that the Solana mobile ecosystem will establish a mechanism that allows token holders to go beyond mere investors and directly participate in the platform's core functions and revenue structure.

Solana Mobile previously announced plans to launch SKR tokens in January of next year, allocating 30% of the total token supply to an airdrop. Solana Mobile is currently building a blockchain-based mobile ecosystem with the launch of its first Web3 smartphone, the Saga, in 2023.

The industry anticipates that the SKR token will become a key element in strengthening the governance and economic model of the Solana mobile ecosystem. However, given Yakovenko's cautious stance regarding the readiness of the technology stack, further development and testing are expected before the actual launch.

Joohoon Choi joohoon@blockstreet.co.kr