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HERE Wallet is a non-custodial mobile and web wallet built on the NEAR Protocol, providing users with an all-in-one DeFi experience that includes liquid staking, NFTs, swaps, and gas-free transactions. The platform utilizes the HOT Protocol technology layer to enable chain abstraction, allowing users to control accounts on different blockchain networks through smart contracts, thereby simplifying the Web3 onboarding process. HERE Wallet accounts for over 50% of transactions on NEAR Protocol, having processed $130 million in signed transactions as of May 2024. Its HOT wallet, launched in early 2024 and integrated with Telegram, rapidly attracted 9.5 million users by June 2024, expanding its reach to a broad user base. The organization's products are designed to lower barriers to Web3 adoption while prioritizing user experience and security, a strategy overseen by co-founder and CEO Peter Volnov. The company was co-founded by Peter Volnov.
HERE Wallet has raised $200K across 1 funding round.
HERE Wallet has raised $200K in total across 1 funding round.
HERE Wallet has raised $200K across 1 funding round. Most recently, it raised $200K Seed in November 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Nov 1, 2022 | $200K Seed | — | Hiro Capital, SOSV, Ramesh Haridas | Announced |
HERE Wallet has raised $200K in total across 1 funding round.
HERE Wallet's investors include Hiro Capital, SOSV, Ramesh Haridas.
HERE Wallet is a non-custodial mobile wallet built on the NEAR Protocol, offering seamless DeFi tools like liquid staking, gas-free transactions, swaps, NFTs, and phone-number-based transfers.[1][3][4] It serves everyday crypto users and newcomers by solving Web3 adoption barriers through intuitive features mimicking traditional banking—such as non-blocking staking (90% staked, 10% liquid via ML predictions), Face ID security, 3FA recovery, and 24/7 support—while supporting NEAR, HOT Protocol, and expanding chains with over 600,000 active users.[2][3][4] Growth momentum includes two funding rounds, Telegram-integrated HOT Wallet launch in 2024, and the formation of HOT Labs in late 2024 with HAPI for accelerated development.[4][5]
HERE Wallet emerged in 2022 when Petr Volnov, a NEAR ecosystem leader with an AI background, founded it as a user-centric non-custodial wallet for NEAR Protocol to simplify Web3 entry.[4][5][6] Volnov, also CEO of HERE and co-founder of HOT Protocol, drew from his expertise in decentralized tech; the idea crystallized around making crypto feel like Visa/Mastercard with features like gas forwarding and liquid staking.[1][5] Early traction came via slick mobile design, open-source contributions to NEAR, and HOT Wallet's 2024 Telegram integration using Chain Signature for cross-chain swaps, leading to rapid user growth and HOT Labs partnership with HAPI led by Yuriy Olentyr.[4][6]
HERE Wallet rides the chain abstraction and Web3 mass adoption trend, leveraging NEAR's fast, low-cost protocol to make DeFi as seamless as Apple Pay or banking apps.[1][5] Timing aligns with 2024-2025 growth in mobile-first crypto (e.g., Telegram mini-apps) and liquid staking demand, fueled by market forces like regulatory clarity on non-custodial tools and AI-driven UX personalization.[1][4] It influences the ecosystem by contributing open-source to NEAR, pioneering phone-number onboarding to onboard non-crypto natives, and via HOT Labs advancing secure infrastructure—positioning NEAR as a hub for user-friendly wallets amid multi-chain fragmentation.[4][5][6]
HERE Wallet's momentum—600k+ users, HOT Labs launch—positions it to evolve into the "Visa of Web3" via chain-abstracted protocols for NFTs, launchpads, and MPC wallets.[4][5][6] Trends like AI-optimized staking, Telegram ecosystems, and regulatory tailwinds for non-custodial apps will propel growth, potentially expanding to unified gas currencies and broader L2 support. Its influence may grow by redefining wallet standards, lowering barriers for billions, and tying back to its core: transforming clunky crypto into everyday finance.
