In a groundbreaking venture to reimagine blockchain wallets and crypto infrastructure, HERE Wallet and HAPI have officially launched HOT Labs. Building on more than a year of collaboration, the two companies are combining their expertise to create innovative wallet solutions within Telegram while building a powerful crypto infrastructure.
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With HERE’s focus on wallet development and HAPI’s work on ecosystem expansion and security, the collaboration resulted in HOT Wallet: an advanced crypto wallet with more than 30 million users.
A new vision of crypto usability
HOT Labs represents a merger of HERE’s user-centric wallet technology and HAPI’s secure, decentralized services. Together they want to make blockchain solutions simpler and more accessible for everyone. With HOT Wallet’s impressive user base, the company is a testament to the power of user-friendly design combined with a strong crypto infrastructure.
HOT Labs is the brainchild of Petr Volnov and Yuriy Olentyr, two prominent figures in blockchain development. Petr Volnov, founder of HERE Wallet, has deep roots in the NEAR Protocol ecosystem. After obtaining his degree in computer science from ITMO University and studying business administration in Los Angeles, Petr founded FORA Vision, an AI-based remote coaching startup.
After a successful exit, he turned his attention to crypto and developed NEAR Protocol’s non-custodial wallet, HERE, which has grown to over 600,000 active users and is a leader in the NEAR ecosystem. With over half a million followers on social media, Petr is also an influential voice in the crypto community.
HOT Wallet: an experimental innovation
In early 2024, HERE Wallet and HAPI unveiled HOT: a non-custodial wallet within Telegram, designed for seamless crypto transactions. Powered by Chain Signature technology, HOT enables cross-chain swaps and link drops and opens the potential for unified gas payments across multiple chains. The wallet’s sleek design and secure, easy-to-use interface mark a new approach in the crypto wallet landscape.
“We are ready to bring our teams together under HOT Labs, which will manage all HOT Wallet products. This long-awaited decision strengthens our partnership, allowing us to achieve new achievements and achieve bigger goals.”
Petr Volnov, co-founder of HOT Labs
With HOT Labs, HERE Wallet and HAPI are setting a new standard for blockchain wallets, with an emphasis on accessibility, security and ease of use. Positioned at the forefront of the industry, HOT Labs aims to shape a more decentralized and inclusive financial future. Through their combined efforts, HOT Labs is poised to become a major force in the crypto world and lead the way in advancing digital assets to a global audience.