In Web3, we all know:
· If the mnemonic phrase is lost, the assets are gone.
· If the private key is leaked, the assets are gone.
But have you ever thought about what happens to your assets if 'you' are no longer here?
They will forever remain dormant on the blockchain, and your family may never be able to access them. This is essentially another form of 'lost private key'.
In traditional finance, we solve this problem through 'wills + insurance + trusts'. For example, a substantial life insurance policy can immediately create liquidity, while a trust can manage assets according to your wishes.
Thought: Have you made a 'life backup' for your encrypted assets?
