Vertu, a luxury phone manufacturer, has decided that now is the time to launch a new line of smartphones called “Metavertu” starting at around $41,500.

Some may question Vertu’s decision to begin selling such high-priced phones. However, Vertu appears confident in the capabilities of its phones because it is linked to Web 3.0, a buzzy but nebulous concept involving ideas such as decentralization and blockchain technologies.

How does Vertu’s phone enable you to work with Web 3.0? It’s difficult to tell from the company’s brief press release. According to the manufacturer, the device will have a “5-dimensional integrated ecosystem, which aims to integrate chips, smart terminals, blockchain, operating systems, and high-end services into one phone,” and they want the WEB2.0 users to “walk into the WEB3.0 seamlessly and smoothly. Such a WEB3 phone carries the perfect starting point for users’ digital sovereignty and blockchain infrastructure that can truly help users create their own value.”

The new Vertu models have good specs for a smartphone. Every model has a ceramic frame and a sapphire glass screen. A Qualcomm SnapDragon 8 Gen 1 CPU powers the phones. They also have a 6.67-inch AMOLED display with a resolution of 2400×1080, a three-lens camera array, and a 4,600mAh battery.

The base model includes a carbon fiber finish, 12GB RAM, and 512GB internal storage, as well as the $3,600 price tag. Big spenders with $41,000 to spare can opt for the top-tier Metavertu, which has 18GB RAM and 1TB storage and is available in “Himalaya Alligator leather,” 18K gold, and diamonds.

Metavertu users, it is claimed, can convert photos and videos into NFTs with a single click. These NFTs are digitally authenticated and securely stored on the device. If you’re unfamiliar with Web 3.0, the device includes a voice assistant that can answer Web3-related questions.

The Metavertu normally runs the standard Android operating system while accessing the familiar and liked web. You can, however, switch to a Web 3.0 mode that runs on a custom operating system. Web 3.0 mode allows you to create a digital wallet with private keys as well as access to decentralized applications. In a blog post, Vertu claims that Web 3.0 mode “solves the security problem of digital assets, which is a big issue in the crypto world.”

Vertu has a shaky track record as a phone manufacturer. Nokia, the Finnish mobile phone manufacturer, was founded in 1998. The company declared bankruptcy in 2017 but rose a year later to launch the Aster P smartphone.

Reactions to Vertu’s previous ostentatious phones were decidedly mixed. The Vertu models were once dubbed “tasteless trash” by WIRED.