Binance-backed CoralApp Launches New Gadget for Web3 Users With Passive Income OpportunitiesCoralApp, a Binance-backed web3 platform, has
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introduced its new product, the Coral Phone.With this launch, Coral plans to tap into the vast smartphone market with an estimated 6.84 billion devices already live. The number is expected to hit 7.1 billion by the end of 2024.According to a recent announcement, the new smartphone will feature AI in conjunction with web3 capabilities to bring decentralized finance (DeFi), GameFi, and SocialFi to the masses.Besides offering features available on traditional smartphones, the Coral phone is designed to work seamlessly with decentralized applications (dApps) and decentralized physical infrastructure networks (DePINs).Users can access various DeFi services directly from the smartphone, including features like managing investments, trading cryptocurrencies, and earning interest on digital assets without requiring any other devices or additional applications.Further, the phone supports multi-chain functionalities, allowing users to interact with multiple blockchain networks.Users also have the option to contribute to DePIN services with the Coral Phones’ built-in integration with such services. As such, they are able to generate passive income. However, this feature can be turned off with a toggle.Another area of focus is the inclusion of decentralized social networks and the support for web3 games within the phone’s ecosystem.With decentralized social networks, users are able to retain control over their data while also leveraging it to generate revenue. Meanwhile
