If one of these things has an actual customer base more than a 100, maybe the company could get a custom SoC made for that kind of price. Instead of using a boring old Snapdragon 8 Gen 1.
The luxury-focused smartphone brand Vertu has adopted Web3 with the new Metavertu handset. It sports a number of 'normal' flagship-grade features such as the Snapdragon 8 Gen 1-powered device and a large FHD+ AMOLED display, yet purports to augment them with features such as a "secure chip" for the user's blockchain activities, not to mention a choice of premium finishes that include an alligator leather rear panel that pushes the Metavertu's USD asking price into five figures.