HOT Labs Tackles Web3 Onboarding
HOT Labs is the brainchild of two industry veterans: Petr Volnov, the founder of HERE Wallet, and Yuriy Olentyr, CEO of HAPI. Their combined expertise forms the backbone of this ambitious venture, which seeks to redefine crypto products by putting user experience front and center.
HERE Wallet is known for its work on simplifying access to NEAR Protocol, the high-performance, carbon-neutral blockchain designed to be developer-friendly and scalable. NEAR’s focus on usability and low transaction fees makes it an ideal platform for building next-generation decentralized applications. While HOT Labs will develop products that build upon HERE’s wallet solution for NEAR Protocol, its remit extends far wider.
The creation of HOT Labs formalizes a fruitful partnership between HERE Wallet and HAPI that has already yielded results. The two companies collaborated in the creation of HOT Wallet, a non-custodial wallet integrated directly into Telegram. HOT Wallet simplifies crypto transactions using Chain Signature technology, which makes it easier to manage multiple wallets and supports functions such as gasless transactions.
HOT Labs will continue to expand on this foundation, developing new wallet-based services with a strong emphasis on user experience. The ultimate goal is to drive down onboarding barriers and make blockchain technology as simple and intuitive as using a traditional app.
Security Meets Usability
Web3’s continued growth hinges on its ability to attract and retain users who may not have prior experience with blockchain technology. Complex interfaces and steep learning curves have long been obstacles to wider adoption. However, user-centric design and seamless onboarding experiences can dramatically change this narrative, which is where HOT Labs sees an opportunity to shine. By streamlining the onboarding process and focusing on superior UI/UX, HOT Labs aims to create products that will ultimately empower millions of new users to enter the web3 space.
While enhancing usability is its primary goal, HOT Labs has no intention of compromising on security either. By integrating the sort of features built into HAPI’s robust security protocol, the new venture will ensure users can transact with confidence. HAPI provides real-time data on compromised wallets and malicious activities, safeguarding users against potential threats.
Making Web3 Work Like Web2
HOT Labs will become part of a new wave of crypto companies aiming to make web3 more intuitive and easy to access, often by borrowing the best bits of web2. This includes harnessing features such as social login, focusing on UI/UX, and abstracting complexities such as seed phrase management.
By prioritizing accessibility, security, and user experience, HERE Wallet and HAPI aim to raise the bar for consumer-facing web3 products. As crypto continues to evolve, partnerships like HOT Labs showcase the industry’s ability to innovate while staying true to its core values of decentralization and user empowerment.
