The project ICO raised $157.8 million in the fourth largest token sale in history.
Israeli startup Sirin Labs has inked a partnership with Japanese blockchain company Emurgo to integrate ADA, Cardano’s cryptocurrency, into the world’s first blockchain smartphone, FINNEY, and its operating system SIRIN OS.
The developer of the SOLARIN ultra-secure mobile phone recently signed Barcelona star Lionel Messi as its brand ambassador. FINNEY devices will be available in market in the second half of 2018.
The ADA token will be pre-installed on FINNEY as a choice of payment within the DApp store to offer a truly decentralized experience on the blockchain.
The integration bolsters ADA’s presence, now a top-six cryptocurrency by market capitalisation, and follows on a series of listings on exchanges last year, including Bittrex, Binance and CoiNest.
Sirin Labs is developing FINNEYTM secure smartphones which will be cyber-protected and blockchain-enabled. The project ICO raised $157.8 million in the fourth largest token sale in history.
Sirin Labs made headlines last year when it launched its Solarin 5.5-inch Android smartphone, costing nearly $14,000. The high price tag is due in part to its innovative, military-grade security and privacy measures. These include a switch at the back that flips it into a cybersecure mode, allowing only outgoing voice calls and securely encrypted messaging.
SIRIN LABS has recently revealed an all-in-one PC for the blockchain generation and the crypto crowd. The company’s line of blockchain-based products and services is mainly aimed at the existing cryptocurrency community.
Commenting on the partnership, Moshe Hogeg, CEO of SIRIN LABS said: “We are incredibly excited to be able to work with Emurgo on implementing the Cardano protocol into SIRIN OS and our upcoming FINNEYTM family of devices. The availability of the ADA token will undoubtedly enhance the user experience and utility of the FINNEYTMsmartphone, to both crypto enthusiasts and mainstream users.”
Ken Kodama, CEO of Emurgo, added: “It’s very exciting that we can work with SIRIN LABS to expand the blockchain industry. Also, it’s great news for the Cardano community that such an innovative smartphone will support ADA.”