CoralApp, a web3 platform supported by Binance, has recently launched its new product, the Coral Phone. This release marks Coral’s strategic entry into the lucrative smartphone market, which currently hosts around 6.84 billion active devices and is anticipated to grow to 7.1 billion by the end of 2024.
According to a recent announcement, the new Coral Phone will integrate AI alongside web3 capabilities, aiming to democratize access to decentralized finance (DeFi), GameFi, and SocialFi.
In addition to traditional smartphone functionalities, the Coral Phone is tailored to seamlessly support decentralized applications (dApps) and decentralized physical infrastructure networks (DePINs).
Coral Phone not only offers traditional smartphone features but is also designed to seamlessly integrate with decentralized applications (dApps) and decentralized physical infrastructure networks (DePINs).
Users can access various DeFi services directly from the smartphone, including managing investments, trading cryptocurrencies, and earning interest on digital assets, all without requiring any other devices or additional applications.
Also, the Coral Phone supports multi-chain functionalities, enabling users to engage across multiple blockchain networks.
Furthermore, users can opt to participate in DePIN services through the Coral Phone’s integrated capabilities, potentially earning passive income. This feature can be easily toggled on or off according to user preference.
Another key focus is integrating decentralized social networks and supporting web3 games within the phone’s ecosystem.
Decentralized social networks empower users to maintain control over their data while enabling them to monetize it. Similarly, web3 games offer opportunities for income generation within the platform.
