HOT Labs: HERE Wallet and HAPI’s 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 HAPI’s 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 Wallet’s 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 Protocol’s 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 wallet’s streamlined design and secure, user-friendly interface mark a new approach in the crypto wallet landscape.
"We’re 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.