On 17 January 2025, Bitget announced the upcoming LaunchX event for Jambo. Jambo aims to raise $5 million through a token sale on Bitget LaunchX to fund its satellite launch program. This initiative connects a global network of JamboPhones and expands access to decentralized services.
The JamboPhone is an affordable, high-spec device pre-installed with Web3 applications, enabling users to engage in decentralized finance, gaming, and earning opportunities. With satellite program, Jambo looks to secure uninterrupted user data access, even in remote areas with limited internet connectivity.
With over 700,000 units sold in 2024, the company is bringing Web3 technologies to emerging markets. The satellite program is the next phase to vertically integrate borderless data access to JamboPhone users around the world.
Cofounder James Zhang joins @theempirepod with @santiagoroel
Crypto’s iPhone Moment https://t.co/RhUqBNdsRF pic.twitter.com/z7XqIWnwgT
— Jambo (@JamboTechnology) January 19, 2025
Gracy Chen, CEO of Bitget commented, “Jambo’s vision of connecting the world through blockchain and mobile innovation aligns perfectly with our plan to support transformative projects. By facilitating Jambo’s satellite program through LaunchX, we aim to empower their efforts in bridging the digital divide and unlocking the potential of Web3 for emerging markets.
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Are Smartphones Like Jambo Phone Key To Blockchain’s Breakthrough?
Web3 smartphones are starting to get real attention as people explore what’s possible with this tech. These devices expose regular users to cutting-edge Web3 tools. This makes them a potential funnel for getting more folks into the Web3 space.
Web3 smartphones are set to play a big role in bringing this technology to the mainstream by solving some of the headaches we deal with today. Built-in Web3 wallets, private key management, and easy access to dApp services mean you can tap into Web3 services on the go without much hassle.
Also, Web3 phones could help cut out the middleman. Right now, centralized app stores are taking up to 30% in fees—developers are losing money, and the whole market feels a bit stuck. Decentralized systems in Web3 phones might be the way to fix that.
Beyond Web3: Exploring Next Frontier Of Decentralization
The global Web3 market is expected to grow at a CAGR of 44%, reaching $5.5 billion by 2030. This explosive growth highlights the increasing investments in decentralized systems and the rising adoption of blockchain-based technologies.
Initially, Web3 introduced the concept of decentralization, reshaping how systems and networks operate. Now, the focus is shifting towards making these technologies sustainable. This transition emphasizes eco-friendly consensus mechanisms, energy-efficient blockchain protocols, and reducing the environmental impact of decentralized technologies. Sustainability is emerging as a core priority in the evolution of Web3.
Security is a critical consideration in today’s fast-evolving financial landscape. The traditional approach of repeatedly verifying a user’s identity across platforms is not only time-consuming but also expensive. Reusable KYC (Know Your Customer) leverages verifiable data that can be used across multiple platforms, streamlining processes, cutting costs, and enhancing the user experience. For fintech and banking companies, the advantages are even greater.
As decentralized identity becomes increasingly relevant, major corporations and consulting firms are stepping up to accelerate its adoption. Companies like KPMG, Settlemint, and Mastercard are taking the lead as system integrators, deploying decentralized identity solutions across industries. They’re developing proof-of-concept projects and bringing innovative identity technologies to their clients, paving the way for a more secure and efficient future.
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