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Web3 assets which can be native tokens, fungible tokens, and non-fungible tokens are primarily stored in digital wallets over the internet. Access to such wallets is available to individual(s) with the seed phrase. Currently, a lot of assets are lost due to their seed phrase being lost and this phenomenon will likely reoccur in the future when the current first-generation web3 users pass away prematurely. The phrases will be lost with the individuals and as a result, a lot of assets being lost will disrupt the web3 space. This paper purposes a simple solution that can be implemented to ensure the transfer of such assets in the unlikely event of the holder's death.

Apurba pokharelSatoshi nakamotoKrishna dahalAsmit bhantanaBibek koiralaA current solutionsHyperledger indyDecentralized identifiersTrust anchors