Taiwanese phone maker HTC announced in May that it was developing a phone using the blockchain shared the first news about the phone - called Exodus - saying it was scheduled to be released to the market by the end of the third quarter of this year.
The company didn't say much else about the phone, but its Phil Chen told The Verge that its cost is comparable to the $1,000 price tag of Sirin Labs' upcoming Finney blockchain phone.
HTC has also partnered with CryptoKitties, a blockchain-based game that collects and breeds virtual cats to be brought to Exodus devices as well as digital wallets.
Whether this strategy will help HTC save its struggling business remains to be seen. Its sales fell 68 percent in June, the biggest drop in the past two years. Despite packing a highly rated camera, it's recent U12 + flagship offering also sucks.
The company laid off 1,500 people from its manufacturing division in Taiwan. It follows a $1.1 billion deal to raise funds last year, which at the time shipped about 2,000 employees to Google, which is credited with developing the Pixel hardware line. This still leaves a relatively small number of the best engineers and designers within the company compared to a few years ago.
At a time when interest in digital currencies is waning, a very expensive phone with a crypto wallet as its main feature - may only catch the eye of the masses. Saving HTC with something like this can be a very difficult thing to do.
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