Sam Altman’s World Project Owner ‘Tools for Humanity’ Acquires Dawn Crypto Wallet

The World project builder, Tools for Humanity, has acquired Dawn crypto Wallet to bring more financial capabilities in its World App.

Published by

Sneha Agrawal

June 21, 2025

Sam Altman’s World Project Owner ‘Tools for Humanity’ Acquires Dawn Crypto Wallet

World:- Sam Altman and Tools of Humanity owned World project is leading a massive global expansion campaign. Recently, Reddit CEO Steve Huffman has confirmed the plans that his platform is exploring the use of Sam Altman’s World iris‑scanning “Orb” devices to help verify real human users while preserving anonymity.

Now, in another bid towards expanding its services, the blockchain identity-based project World owner Tools of Humanity has acquired Dawn wallet.

The project Tools for Humanity is a private company founded in 2019 by Sam Altman who currently serves as its chairman. It has developed Worldcoin – now known as World – the for‑profit crypto network which uses Orbs to verify users’ humanity. It also issues WLD tokens as both an incentive and a means to bootstrap a global financial network.

With the acquisition by Tools for Humanity, Dawn Wallet said it aims “to bring next generation crypto to World.”

Dawn team joins Tools for Humanity, bringing their expertise to build financial tools for World that further empower the real human network. pic.twitter.com/hC2F9KEhaT

— Tools for Humanity (@tfh_technology) June 19, 2025

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Dawn Joins World – What Sam Altman’s Project is Eyeing

Dawn founded in 2023 is a mobile based self-custodial Crypto wallet with an integrated AI Agent. As a crypto wallet, Dawn allows used to send, receive and manage assets on Ethereum and popular L2s – Arbitrum, Optimism. It also allows native token swaps between ECC-20 tokens via integrated DEX aggregators.

However, after the Acquisition, Dawn wallet will “shut down”. It will now “build financial tools for the World App,” operated by Tools of Humanity (TFH).

The deal marks Tools for Humanity’s second foray into wallet technology, following its 2024 acquisition of Solana-based digital wallet startup Ottr Finance.

TFH’s World App allows users to access the World Network with Orbs and deal or transact with Worldcoin. It currently has basic financial capabilities such as using the wallet to save or send Digital dollars from their bank accounts. It also includes token trading available via the Uniswap Protocol. The verifiied World ID holders are also given gas fees transactions.

World App Allows Basic Transactions only as of Now

Why has Tools for Humanity Aquired Dawn

Now, with the acquisition of Dawn Wallet, Tools of Humanity aims to add more financial capabilities in its World App Wallet. Though there are no specific details over what kind of services would be added, expectations are that it will add more tokens trading and swapping support.

Under the terms announced on June 19, 2025, Dawn Wallet’s standalone application will sunset over a multi‑week transition period. Existing users will receive in‑app prompts guiding them to export their private keys or seed phrases, then import into the updated World App release.

According to the official announcement, Dawn’s co‑founders – Tom Waite and Isaac Rodriguez – will assume senior product and engineering roles at Tools for Humanity. They will be spearheading the integration of Dawn’s wallet engine and user‑experience paradigms across the World App and other upcoming financial modules.

Also Read: World Expands in Latin America

Is World App Trying to Compete in the Crypto Wallet Market

For Tools for Humanity, this acquisition accelerates plans to roll out advanced wallet features – such as native token swaps, staking interfaces, and programmable payment channels – directly within the World App. The Dawn codebase will also serve as a foundation for multi‑chain expansion, enabling seamless addition of new networks without compromising on security or performance.

Sam Altman’s team anticipates releasing the first World App build with Dawn‑powered wallet components by Q3 2025.

The move can be seen as a strategic consolidation in a crowded wallet market. It positions World App to compete more directly with multi‑chain wallets like MetaMask and Trust Wallet. It is now uniting identity verification, fiat rails, and now Dawn’s wallet UX under a single platform.

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About Author

With over four years of experience in covering and tracking the financial markets, Sneha Agrawal is a dedicated Crypto Journalist and Editor with passion for researching and writing the crypto pieces. She is currently leading the Brandtalk section, here at CoinGape. She likes to keep track of political, legal and financial happenings all around the world - without which she deems her day incomplete. Apart from her Journalistic endeavours, she is a solo traveler, museum goer, and a keen reader of books.