Solana-based Ottr Wallet Acquired by Worldcoin's Tools for Humanity to Advance Identity Solutions
Ottr's team, known for their Solana wallet expertise, will now focus on refining the Worldcoin ecosystem's user-facing applications and mobile wallet.
- Author: Sheldon Cooper
- Published: February 29, 2024 at 19:35
Ottr Finance, the developers behind the popular Solana-based Ottr Wallet, today announced that their team is joining Tools for Humanity (TFH). TFH is a key contributor to the innovative Worldcoin project focused on building a global digital identity platform.
Ottr's Journey
Since its launch 18 months ago, Ottr Wallet has gained significant traction, particularly in its local market, with over 25,000 active monthly users. The wallet's groundbreaking features, such as seamless US bank account integration and gas-free transfers, have been critical to its success on the Solana network.
Transition and Future Focus
With the acquisition, Ottr Wallet will be sunsetted to allow the team to fully dedicate their efforts to developing the World App. Ottr users are advised to export their seed phrases and private keys and transition to alternative Solana-compatible wallets.
Despite the transition, the Ottr team remains bullish on Solana's potential. 'We continue to be optimists about Solana from a developer, consumer, and community perspective,' states Uddhav Marwaha, Head of Product & Growth at Ottr, in an exclusive statement to SolanaFloor. 'While Ottr is being sunset and users are able to migrate to other wallets, the ecosystem is unparalleled and we expect it to grow even faster this year.' "