Sirin Lab’s has been focussing on developing a blockchain based smartphone for years now. Their first-ever retail store was opened in London on January 15’ 2019. The Israeli company has shown its focus of building a blockchain based smartphone since 2016. The phone essentially targets all the crypto enthusiasts. In the year 2016, the Israel based lab launched Solarin for $14,000 developed for crypto heavyweights. However, the sale of the blockchain focussed smartphone was not anywhere close to what they targetted.
Later, in the year 2017, Sirin Labs launched the Finney phone which was developed from scratch. Over $150 million was raised in an initial coin offering of Finney phone leading to a better approach than before. The price of the smartphone was also kept reasonable and more realistic ($999). Pre-orders of Finney phone began late last year.
The Finney phone (named after Hai Finney – Early Bitcoin adopter)essentially targetted everyone involved in the cryptocurrency industry by offering a range of features with the intention of making the life of crypto enthusiasts a lot easier. Some major features that the phone offered included self-owned crypto payment service, cold crypto storage wallet and accessibility to use decentralised apps. Finney uses Sirens own operating system in the smartphone.
The first ever official store by Sirin Labs was opened in the city of London with Finney smartphone being their highlighted product. Sirin Labs has strategically picked the location for the store as they hope that the store would be a place of meeting and gathering for crypto enthusiasts. Tokyo is expected to have its own store in the near future, however, there are no confirmations concerning dates and locations for the store.
The Co-Founder of Sirin Labs, Kenes Rakishev categorically explains as to why they chose London as their first location for the store by stating that ‘In 2018, London’s tech sector attracted significantly more investment than other European centers, raising more than £1.8 billion. It is the ideal first location for the Finney, the first mass-market blockchain phone in the world, to go on sale.