The post Trust Wallet CEO Predicts ‘Amazon Web3’ Future for Crypto Wallets appeared on BitcoinEthereumNews.com.

Eowyn Chen, CEO of Trust Wallet, who first encountered blockchain concepts in 2014 while working in fintech, has risen to prominence in the crypto industry, joining Binance in 2018 before taking the helm at Trust Wallet in 2022. In a recent exclusive interview with BeInCryto, Chen shared insights into the challenges facing the crypto wallet industry, noting that most wallets struggle to be profitable. She also revealed her vision for the future of wallets, describing a concept akin to “Amazon Web3,” and predicting that web extension wallets may disappear in favor of dApp-embedded functionality. For the first time, Chen explained the meaning behind her chosen name, Eowyn, inspired by J.R.R. Tolkien’s “Lord of the Rings.” She shared that this name serves as a personal reminder to avoid industry temptations and to prioritize the project’s success over personal gain, principles that guide both her leadership and Trust Wallet’s culture. Q: Why did you choose the name “Eowyn”? It’s from the Lord of the Rings written by J.R.R. Tolkien.  He made up this name which sounds very Irish.  With this name, I remind myself two things.  The first is the theme of Lord of the Rings, to carry the most powerful ring to the mission, which is to destroy the ring so that no one has a single point of tyranny. Sometimes crypto industry has lots of temptations, no matter if that’s the fame, the money, or the power.  I have seen leaders that got into pride and then just fall.  I want to remind myself not to get tempted by the ring.  The second is this character in the Lord of the Rings dies. Anyone who wants to do long-lasting things needs to forget about herself or himself in the project.  The key goal is not to create for staying in…

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Filed under: News - @ September 15, 2024 2:16 am