TikTok’s Whistleblower Launches Soul Wallet to Recover Lost Crypto
Key Points:
- Zeng Jiajun has recently raised $3.1 million from investors including Struck Crypto to build Soul Wallet, a social recovery tool focused on helping users regain access to their wallets.
- Soul Wallet also received a Layer 2 community grant from the Ethereum Foundation. Jiajun hopes that the tooling he builds will help bring noncustodial wallets to the masses, lowering the barriers to accessing Ethereum for billions of users.
Zeng Jiajun, a former product manager at ByteDance in China, has recently raised $3.1 million from investors including Struck Crypto to build Soul Wallet, a social recovery tool focused on helping users regain access to their wallets.
Jiajun’s previous job at ByteDance involved generating lists of sensitive terms for content moderators to flag and potentially censor for TikTok content. However, once he recognized the detrimental effects of his work on society, he fled to the U.S. and blew the whistle on TikTok and China’s content moderation practices.
Soul Wallet aims to help combat censorship by providing a tool that enables users to recover their lost wallets in minutes. This innovation is an important step towards proliferating noncustodial wallets to the masses as it lowers the barriers to accessing Ethereum for billions of users. The wallet is the gateway, fundamental infrastructure for people to access such decentralized internet, said Jiajun.
Notably, Soul Wallet also received a Layer 2 community grant from the Ethereum Foundation. Jiajun hopes that the tooling he builds will help bring noncustodial wallets to the masses, lowering the barriers to accessing Ethereum for billions of users. He believes that Ethereum is the separation of the internet and states, as it allows apps to run on top of it permissionless while being censorship-resistant. This means that states, especially authoritarian states like China, cannot shut down a decentralized application simply because they do not like it.
The importance of Soul Wallet’s innovation in account abstraction and social recovery cannot be overstated. This technology innovation brings us one step closer to proliferating noncustodial wallets worldwide, as it lowers the barriers to accessing Ethereum for billions of users. Struck Crypto, one of the investors in Soul Wallet, noted that this core technology innovation is a critical step towards lowering the barriers to accessing Ethereum for the masses.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Annie
Coincu News
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TikTok’s Whistleblower Launches Soul Wallet to Recover Lost Crypto
Key Points:
- Zeng Jiajun has recently raised $3.1 million from investors including Struck Crypto to build Soul Wallet, a social recovery tool focused on helping users regain access to their wallets.
- Soul Wallet also received a Layer 2 community grant from the Ethereum Foundation. Jiajun hopes that the tooling he builds will help bring noncustodial wallets to the masses, lowering the barriers to accessing Ethereum for billions of users.
Zeng Jiajun, a former product manager at ByteDance in China, has recently raised $3.1 million from investors including Struck Crypto to build Soul Wallet, a social recovery tool focused on helping users regain access to their wallets.
Jiajun’s previous job at ByteDance involved generating lists of sensitive terms for content moderators to flag and potentially censor for TikTok content. However, once he recognized the detrimental effects of his work on society, he fled to the U.S. and blew the whistle on TikTok and China’s content moderation practices.
Soul Wallet aims to help combat censorship by providing a tool that enables users to recover their lost wallets in minutes. This innovation is an important step towards proliferating noncustodial wallets to the masses as it lowers the barriers to accessing Ethereum for billions of users. The wallet is the gateway, fundamental infrastructure for people to access such decentralized internet, said Jiajun.
Notably, Soul Wallet also received a Layer 2 community grant from the Ethereum Foundation. Jiajun hopes that the tooling he builds will help bring noncustodial wallets to the masses, lowering the barriers to accessing Ethereum for billions of users. He believes that Ethereum is the separation of the internet and states, as it allows apps to run on top of it permissionless while being censorship-resistant. This means that states, especially authoritarian states like China, cannot shut down a decentralized application simply because they do not like it.
The importance of Soul Wallet’s innovation in account abstraction and social recovery cannot be overstated. This technology innovation brings us one step closer to proliferating noncustodial wallets worldwide, as it lowers the barriers to accessing Ethereum for billions of users. Struck Crypto, one of the investors in Soul Wallet, noted that this core technology innovation is a critical step towards lowering the barriers to accessing Ethereum for the masses.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Annie
Coincu News
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