Blockchain

Introducing Distributed EOA Accounts To EVM Chains

Key Points:

On February 24, Intu—a decentralized account management protocol for web3 EOA that aims to make it more user-friendly—came out of stealth mode and announced the beta launch.
They incorporate the self-sovereignty, EOA security, and composability concepts with wallets that support smart contracts.

On February 24, Intu—a decentralized account management protocol for web3 EOA that aims to make it more user-friendly—came out of stealth mode and announced the beta launch.

On February 20, Intu disclosed that company has raised $2 million in pre-seed funding from well-known figures in the cryptocurrency business, including CoinFund, Metaweb Ventures, Fantom Foundation, Kitefin, Orrick, and angel investors.

The announcement coincides with Intu’s beta release, which is a critical step in the company’s ambition to advance the goals of self-custody and decentralization.

A crucial element that the founders believe will attract decentralized application (dApp) developers to the beta is Intu’s goal to provide users the freedom to choose the level of decentralization they wish inside their local circle of trust.

The platform uses what is referred to as a distributed externally owned accounts (dEOA) account and was created to offer cryptocurrency wallet solutions that give developers the capabilities to establish decentralized, recoverable, and self-sovereign web3 accounts.

They incorporate the self-sovereignty, EOA security, and composability concepts with wallets that support smart contracts.

The platform allows users to access a software development kit (SDK) — a well-designed and elegant UX for onboarding web3 dApps or wallets. Developers can deploy various onboarding experiences or services to any web3 dApp or wallet through their easy-to-use SDK.

“Now more than ever, it’s clear how important good self-custodial solutions are needed,” said Max Radelius, Co-Founder of Intu. “Our goal is to provide solutions that give non-coiners the confidence to participate in web3 and a clear path to financial freedom.”

Intu’s beta version will be available to test at ETHDenver — set to take place from Feb. 24 – Mar. 5, where a working model of the EVM-compatible chain will be available.

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Annie

Coincu News

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.