Worldcoin developer Tools for Humanity acquires Solana-based on-chain application Ottr Finance

2024-03-01 09:04:51

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ChainCatcher news, Worldcoin's main developer Tools for Humanity has acquired the Solana-based on-chain wallet startup Ottr Finance. After the acquisition, Ottr Finance will shut down its Solana-based on-chain wallet and will be integrated into Tools for Humanity to help Worldcoin attract new users.

The Ottr Finance wallet previously launched features such as "seamless integration with U.S. bank accounts, gasless transfers and transactions, and password-free cloud backup," and the integration with U.S. banks may help Tools for Humanity in the future.

The Ottr team stated, "As the team integrates into Tools for Humanity, Ottr users can export their wallet recovery phrases and private keys within three months to transition to any other Solana-compatible wallet."

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