Electronics firm HTC will not make a smartphone with a native blockchain network available. Rather, a report from The Verge has indicated that the company would instead be launching a smartphone that has cryptocurrency wallet and CryptoKitties.
Back in May, HTC introduced its smartphone project called the HTC Exodus, that would supposedly support both the Bitcoin (BTC) and Ethereum (ETH) networks. The company planned on making a product with “a native blockchain network that uses Exodus phones as nodes that support cryptocurrency trading between users.”
Phil Chen, the man behind HTC Vive and HTC’s head of business and corporate development, conveyed during that time that he imagined a product that would let customers to “truly own their data […] without the need for central authorities.”
However, Chen said that a phone that permitted users to grab hold of their identity remains a thing of the future, and the Exodus — set to be released in 2018 — will include just a native crypto wallet and CryptoKitties.
Chen also mentioned that HTC is planning to integrate crypto mining on mobile, stressing that they are already looking at various opportunities by assessing different consensus protocols and may soon release a white paper on the project later in the year.
HTC’s shipping numbers are actually trending down in 2018, having shipped over two million products in the first quarter of 2017, the company has just shipped 630,000 devices in the first quarter of 2018.
The company recently revealed that sales in June have plunged by 68%, while their newest product U12 Plus has gotten the ire of many smartphone experts and critics. In early July, the company also let go of 1,500 employees in Taiwan to slash costs.
The price of the HTC Exodus is going to be announced later in the year but Chen has indicated that its price would be “comparable” with the Finney, which has an expected price of $1,000.