Tools for Humanity, main developer of Worldcoin, Acquires Solana-Based DIgital Wallet Startup Ottr Finance

Tools For Humanity, main developer of Worldcoin (WLD) the crypto project co-created by OpenAI’s Sam Altman, has acquired Solana (SOL) based digital wallet startup Ottr Finance, the two companies announced in a statement.

It appears the acquisition is, at least partly, geared towards aiding Worldcoin as it onboards new users, many of whom are new to web3. Worldcoin is a “proof of personhood” project which uses orb-shaped devices to scan a person’s irises and establish they’re a unique human before giving them crypto tokens for doing so. While the project has faced some scrutiny related to privacy concerns, it has signed up nearly 3.9 million people, according to Worldcoin’s website. Along with the millions of people signed up, Worldcoin has users in 120 countries since launching 220 days ago, according to the project’s website.

Ottr Finance, which will sunset its Solana-based wallet as it is folded into Tools for Humanity, is keen to help Worldcoin with its mission. “We quickly understood the value in helping Worldcoin build the world’s largest human network to improve trust online and access to the global economy in the age of AI,” Ottr Finance Aleksei Zakharov said in a statement.

“Joining Tools for Humanity marks a new chapter for us, combining our expertise with theirs to advance the world of digital identity and finance.”