Phil Chen, HTC’s decentralised chief officer has recently stated that the company is nearing its release of the second generation of EXODUS, the blockchain phone, with HTC’s EXODUS 1 having been released in October 2019.
The phone will have a cryptocurrency wallet and will support decentralised applications (dapps). This comes at a time when rival blockchain phone maker, Israeli Sirin Labs were making 25% redundancies in its workforce after the Finny phone produced disappointing sales.
The new phone will extend its blockchain apps to include other areas such as browsing, messaging, and social media.
A new fund worth $50 million, also launched by Chen alongside two partners, called Proof of Capital, has partnered with HTC on the EXODUS phones. The Proof of Capital fund has stated aims of bringing blockchain technology to the masses by investing in early-stage startups.