Monday, December 4, 2023

Total success: First Ethereum smartphones sell out in just 24 hours

In an amazing display of enthusiasm for blockchain technology and cryptocurrencies, the pre-sale of the first smartphones based on Ethereum (ETH) sold out in a record time of just 24 hours.

This innovative device, known as the “Ethereum Phone”, is based on the popular Google Pixel 7a and runs on a unique open source operating system called ethOS, an abbreviation for “Ethereum operating system” which also means “character” in Greek.


As BeinCrypto explains, the hallmark of these devices in the competitive Web3 smartphone market is their embedded Ethereum thin clientwhich allows the ethOS operating system to validate blocks independently, making the Ethereum Phone a “lightweight node” on the Ethereum network.

Also, this mobile device is packed with built-in tools for managing payments, sending and receiving messages, and offers seamless integration with Ethereum Name Services (ENS), simplifying transactions for users.


Besides, this smartphone supports Ethereum Virtual Machines (EVM) and Layer 2 scalability networkswhich makes it an attractive option for those interested in blockchain technology and cryptocurrencies.


What makes the acquisition of these Ethereum smartphones even more unique, however, is that they were only made available through the purchase of an ethOS non-fungible token (NFT). Interested buyers were required to purchase and, in some cases, burn or destroy the NFT to secure their reservation of this coveted phone.

The enthusiasm for Ethereum smartphones has been such that some ethOS NFTs They are being sold on the largest NFT marketplace, OpenSea, for a staggering 3 ETH, which is equivalent to almost $5,000.. Compared to the price of a standard Google Pixel 7a, which retails for $499 in the US, this price difference is significant, exceeding initial expectations.


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