Worldcoin’s Tools for Humanity acquires Solana-based Ottr Wallet
Worldcoin‘s Instruments For Humanity has acquired Ottr Pockets, a Solana-based digital pockets launched 18 months in the past.
Ottr Finance introduced the acquisition on Thursday, with the startup’s CEO Aleksei Zakharov noting in a weblog publish that the acquisition marks a brand new chapter for Ottr Pockets.
“Becoming a member of Instruments for Humanity marks a brand new chapter for us, combining our experience with theirs to advance the world of digital id and finance. I’m immensely happy with our crew and grateful to all who supported us from the start of this journey,” Zakharov mentioned.
At this time we’re excited to announce that Ottr has been acquired by @tfh_technology, a contributor to @worldcoin. After 18 months constructing a subsequent era client crypto expertise, we’re becoming a member of forces to take the World App to the subsequent stage! pic.twitter.com/eNBymyLnhw
— Ottr ☀️🦦 (@ottrfinance) February 29, 2024
Ottr to sundown pockets
Following this growth, Ottr Finance is sunsetting its pockets because the crew joins Instruments for Humanity. In response to the Ottr crew, pockets customers can begin exporting their seed phrases and personal keys to Solana-compatible wallets. These embody Phantom and Solflare.
Ottr’s backend will proceed to be operational till June 1, 2024 earlier than the Ottr app is faraway from App shops.
In the meantime, the Ottr crew will now deal with serving to develop the World App – Worldcoin’s digital pockets. Knowledge on the Worldcoin web site reveals there have been 3.86 million World ID signal ups for the reason that Sam Altman co-created undertaking launched in July 2023.
Customers have claimed over 82.6 million WLD tokens since launch, whereas transactions on the World App have reached 31.1 million in 220 days.
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