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Worldcoin contributor, Tools for Humanity, acquires Solana-based Ottr Wallet

By:
on Feb 29, 2024
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  • Tools for Humanity acquires Ottr Wallet to support the Worldcoin project
  • Solana-based Ottr to sunset wallet as team focuses on developing the World App.
  • Worldcoin (WLD) launched in July 2023.

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Tools For Humanity, a technoogy company contributing to the development of the Worldcoin (WLD) protocol, has acquired Ottr Wallet, a Solana-based digital wallet launched 18 months ago.

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Ottr Finance announced the acquisition on Thursday, with the startup’s CEO Aleksei Zakharov noting in a blog post that the acquisition marks a new chapter for Ottr Wallet.

“Joining Tools for Humanity marks a new chapter for us, combining our expertise with theirs to advance the world of digital identity and finance. I am immensely proud of our team and grateful to all who supported us from the beginning of this journey,” Zakharov said.

Ottr to sunset wallet

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Following this development, Ottr Finance is sunsetting its wallet as the team joins Tools for Humanity. According to the Ottr team, wallet users can start exporting their seed phrases and private keys to Solana-compatible wallets. These include Phantom and Solflare.

Ottr’s backend will continue to be operational until June 1, 2024 before the Ottr app is removed from App stores.

Meanwhile, the Ottr team will now focus on helping develop the World App – Worldcoin’s digital wallet. Data on the Worldcoin website shows there have been 3.86 million World ID sign ups since the Sam Altman co-created project launched in July 2023.

Users have claimed over 82.6 million WLD tokens since launch, while transactions on the World App have reached 31.1 million in 220 days.

Updated: Title and first sentence to clarify that Tools of Humanity is a contributor to Worldcoin.

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