Trust Wallet CEO Predicts ‘Amazon Web3’ Future for Crypto Wallets
Eowyn Chen, CEO of Trust fund Wallet, who first encountered blockchain pointers in 2014 while kneading in fintech, owns climbed up to prestige in the crypto sector, wrapping up up wearing Binance in 2018 before snatching the helm at Trust fund Wallet in 2022.
In a recent exclusive meeting wearing BeInCryto, Chen itineraries insights apt into the puzzles lively the crypto wallet sector, noting that the majority of wallets struggle to do well. She also divulged her fantasize for the future of wallets, staking out a hunch akin to “Amazon Web3,” and projecting that web expansion wallets could disappear in guidance of dApp-ingrained capability.
For the first time, Chen clarified the value behind her picked moniker, Eowyn, urged by J.R.R. Tolkien’s “Lord of the Rings.” She itineraries that this moniker serves as a private pointer to safe and secure versus sector inducements and to prioritize the project’s triumphes over private gain, precepts that guide both her leadership and Trust fund Wallet’s culture.
Q: Why did you opt the moniker “Eowyn”?
It’s from the Lord of the Rings concocted by J.R.R. Tolkien. He was composed of this moniker which sounds definitely Irish.
With this moniker, I remind myself 2 things. The first is the motif of Lord of the Rings, to lug the the majority of effective ring to the impartial, which is to knock down the ring so that no one owns a singular juncture of tyranny. In some coatings crypto sector owns many inducements, no matter if that’s the fame, the dollars, or the power. I have watched leaders that got apt into finalize satisfaction and then merely fall. I pine to remind myself not to make serviceability attracted by the ring. The 2nd is this individuality in the Lord of the Rings enacts away. Any guy who wants to lug out long-lasting things last purchases to fail to remember about herself or himself in the project. The approach ambition is not to panache for remaining in the placement forever but to panache something that keeps beyond you.
Q. How executes this philosophy apply to the issuer?
I’m putting up and manufacture my issuer to make it wearing beyond the owners prefer me. I enlighten my team, also, that I wear’t consider Truss Walet to be the last employer you’re having. They will go apt into the sector to lug out other intriguing, cool things, but I pine you to have trustworthiness and a impartial emphasis, and to learn from the social clarity and funneling to the sector. That’s how we can flourish nonessential completely thrived and worthy since there are sufficient fraudulences out there.
Q: Whereby are you based, and how is the controling ecosystem battling you?
Correct now in Dubai, but formerly in the U.S. There was a priority. Coinbase Wallet got the SEC shell, and so far, thankfully, we place’t got any hulls. We tend to be means nonessential conservative than with one voice our peers since we watched the lessons from Binance. I was Binance and saw how things go down. There are particular outskirt jabbers up such as how to make dollars or in which to have the establishment model.
Q: How lug out you appointment the future landscape of the crypto wallet sector?
Most of the wallets wear’t make dollars. The perhaps effective ones are Metamask and most likely Coinbase Wallet. Unanimously the other wallets are not administering dollars or throwing away dollars, since wallet as a establishment model is not easy to make it wearing. So either they have a sugar papa that they have to guarantee that you supply them the dollars and prove them.
Q: However chains and cryptos maximize uniformly, doesn’t it guidances the wallet establishment?
Initially, we were an Ethereum-lone wallet, but now we prove 105 chains and 65 are non-EVMs. However it was the early days as speedily as the multi-chain journey took void. However the chains wear’t funneling us neoteric borrowers anymore. There place’t been any neoteric chains that we integrated that were such a nice tempt to borrowers and made them overture to serviceability our things.
Nowadays, we tend to press the borrowers already existing in the sector, provided that the neoteric chains no much longer drive anything. So, it’s nonessential of a retention tinker for us. The borrowers wear’t have to have 50 wallets for 50 chains but they can have a one-hamper emporia wearing us.
Q: Are there any upcoming readjusts or neoteric amenities you are planning?
One thing that we have been sanitizing and are attempting to make nonessential actions on is the wily arrangement integration in EIP-7702, which upgrades the EOA(Externally Owned Wallet) wearing some wily arrangement amenities. The perfunctory role for a wallet to tinker is tiny, easy-to-serviceability, UX, and we believe that wily contracts can permit a closer, closer audience debacle and also, that audience debacles can grasp guidance borrowers closer.
Q: What puzzles executes your establishment face as a whole?
Scalability is a weighty inconvenience, specifically being a multi-chain wallet advocating both EVM and non-EVM chains. When you have to lend borrowers wearing gasless debacles or chain abstractions debacles, you cannot merely rely on EVM’s standards. It’s definitely perplexing to panache both from the things layer and from the techie layer to supply borrowers that tiny, unfaltering debacle.
Q: What’s your fantasize for the future of wallets?
One is to build a B2B remedy prefer Wallet-as-a-remedy. Another is prefer “Amazon Web3,” administering assorted powers wearing closer audience debacles. Net expansion wallets could disappear in a couple of years, wearing wallet capability becoming ingrained in dApps for a streamlined debacle.
