Team X3 is successful to jailbreak PlayStation 3 firmware 3.50. The jailbreak of PS3 is done using the X3 Max PS3 Dongle. We have seen for the very first time that PlayStation 3.50 has been jailbroken without downgrading it first to the previous version.
Previously you have to downgrade PlayStation 3 Firmware 3.42 and 3.5 to earlier versions to jailbreak it. Now Team X3 has made it possible to launch homebrew application on firmware 3.50 without downgrading it first.
Logic Sunrise said that: We have that kind of information on LS in a few hours, but the feedback I have from them show a free and compatibility with X3max with an update, but I prefer to have confirmation. Until we have more information, a video of the feat.
Check the video of PS3 firmware 3.50 jailbreak without downgrading: