Solana CEO Anatoly Yakovenko with the Saga smartphone | Photo by Chris Welch / The Verge

The phone previously known as the Osom OV1, built by a team consisting of former engineers and designers from Essential, is being renamed and repurposed today, and it’s all in the name of crypto. This afternoon in New York City, blockchain company Solana announced its own mobile phone, called the Saga, made in collaboration with Osom. It’s priced at $1,000, and preorders open today. A $100 deposit is required, and Solana says the Saga will ship in the first quarter of 2023.

The phone will have a 6.67-inch OLED display, 512GB of storage, and 12GB of RAM. It’ll be powered by Qualcomm’s latest and greatest Snapdragon 8 Plus Gen 1 chip. But more than the standard hardware specs that most gadget nerds are interested in, the Saga is meant to…

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