HOT Labs: HERE Wallet and HAPIs 30M+ User Venture to Transform Crypto Wallets

In a pioneering venture to reshape blockchain wallets and crypto infrastructure, HERE Wallet and HAPI have officially launched HOT Labs. Building on over a year of collaboration, the two companies are merging their expertise to create innovative wallet solutions within Telegram, while constructing a powerful crypto infrastructure.

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With HERE's focus on wallet development and HAPIs work in ecosystem expansion and security, the partnership has resulted in HOT Wallet—a cutting-edge crypto wallet with over 30 million users.

A New Vision for Crypto Usability

HOT Labs represents a fusion of HERE‘s user-centric wallet technology and HAPI’s secure, decentralized services. Together, they aim to make blockchain solutions easier and more accessible for everyone. With HOT Wallets impressive user base, the venture stands as a testament to the power of user-friendly design paired with 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 earning his degree in computer science at ITMO University and studying business in Los Angeles, Petr founded FORA Vision, an AI-based remote coaching startup.

Following a successful exit, he turned his focus to crypto, developing NEAR Protocols non-custodial wallet, HERE, which has grown to over 600,000 active users and stands as 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

Early in 2024, HERE Wallet and HAPI unveiled HOT—a non-custodial wallet within Telegram, designed for seamless crypto transactions. Powered by Chain Signature technology, HOT allows cross-chain swaps and link drops and opens up the potential for unified gas payments across multiple chains. The wallets streamlined design and secure, user-friendly interface mark a new approach in the crypto wallet landscape.

“Were ready to bring our teams together under HOT Labs, which will manage all HOT Wallet products. This long-awaited decision strengthens our collaboration, allowing us to drive new achievements and reach greater goals.”

Petr Volnov, Co-founder of HOT Labs

With HOT Labs, HERE Wallet and HAPI are setting a new standard for blockchain wallets, emphasizing 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, leading the way in advancing digital assets for a global audience.