Worldcoin Developer Acquires Solana-Based Digital Wallet Ottr

Worldcoin Developer Acquires Solana-Primarily based Digital Wallet Ottr

Iris scanning Worldcoin project’s key contributor Tools for Humanity has bought Solana-essentially based mostly Ottr Wallet to foster Worldcoin’s user onboarding process.

The strategic acquisition announced Thursday, targets to assist Worldcoin manufacture the enviornment’s perfect human community “to augment belief online and score admission to to the worldwide economic system within the age of AI.”

“Joining Tools for Humanity marks a modern chapter for us, combining our abilities with theirs to attain the enviornment of digital identity and finance,” Ottr CEO Aleksei Zakharov wrote.

Ottr is a Solana-essentially based mostly DeFi pockets aiming to construct it simpler for common user to purchase and transfer crypto. The collaboration targets to integrate Ottr’s user-pleasant aspects in conjunction with US financial institution accounts integration and gas-free transactions into Tools for Humanity.

Extra, Ottr Finance will sundown its Sol-essentially based mostly pockets as it transitions into Tools for Humanity. In consequence, Ottr customers can export their non-public keys to any various Solana-cherish minded pockets cherish Phantom, the firm effectively-known.

“Our backend service will remain operational for the next three months, and on June 1st, 2024 the app could be eradicated from App stores.”

Ottr to Point of interest on Rising Worldcoin’s World App

Additionally, Ottr could perhaps be half of Tools for Humanity “to lead the attain of their person utility and mobile pockets — World App.”

World App leverages the Worldcoin and Ethereum protocols to assist authenticate customers’ Proof of Personhood with World ID. The app permits prospects to send money free of price, direct Worldcoin Grants in on hand international locations and explore crypto tokens.

“With this acquisition, our focal point will now shift fully to rising the World App,” Zakharov added.

In November 2023, World App reached extra than 1 million active customers (MAUs) and done over four million downloads. The app’s update closing year, contributed to the tidy enlarge within the user unsuitable, which made transactions more affordable for customers.

Source : cryptonews.com