- Aptos Foundation and Jambo unveil JamboPhone to bring Web3 access to Asia, Africa, and Latin America, priced at $99.
- The device includes apps like Petra Aptos wallet and Jambo App, offering DeFi, gaming, and educational tools.
- Aptos’s APT token sees a 2.4% increase in its price following the announcement.
The Aptos Foundation, together with Jambo, a web3 developer, recently announced the launch of the JamboPhone on February 15, aimed at democratizing Web3 technology access in emerging markets of Asia, Africa, and Latin America. This partnership is set to leverage the blockchain technology of Aptos alongside Jambo’s expertise in digital economy integration, targeting economic empowerment in developing regions. Priced at an accessible $99, the JamboPhone is already available across more than 40 countries, marking a significant step towards inclusive digital economy participation.
This initiative introduces the JamboPhone as a primary tool for users to engage with the Aptos ecosystem, featuring pre-installed applications like the Petra Aptos wallet and the comprehensive Jambo App. The latter offers an array of Web3 services, including decentralized finance (DeFi), gaming, and educational resources through modules like JamboEarn, JamboPlay, and JamboWallet, designed for users to earn, play, and manage digital assets with ease.
Reflecting on this development, Mo Shaikh, co-founder and CEO of Aptos Labs, highlighted the project’s core mission to facilitate financial access, inclusion, and empowerment through Web3 technologies. This initiative positions Aptos alongside competitors such as Solana, which has also ventured into the crypto smartphone market. However, Aptos distinguishes its offering by targeting affordability and accessibility in emerging markets, contrasting Solana’s premium-priced device aimed at a different market segment.
The broader context of this technological push includes the notable performance of the APT token, which saw a modest increase of 2.4% on the announcement day, reaching $10.22. This reflects a broader trend of interest and investment in crypto technologies, with Aptos gaining a 15% increase over the previous week as part of a larger crypto market rally.
Meanwhile, Solana Mobile’s “chapter 2” smartphone, which is a direct competitor to the JamboPhone, surpassed 100,000 pre-orders, a key milestone that solidifies the company’s commitment to developing a second device with a $45 million budget for delivery in early 2025. This achievement has hilighted the growing consumer interest in crypto-integrated smartphones and highlights the competitive landscape in which Aptos’s JamboPhone is entering.
