Grygory Sytenko: “We strive to unite a technical vision with the needs of those new to crypto”
OWNR’s CEO on the product’s origins, milestones and philosophy
Milestones and prospects
In April 2019, we first came to light with the basic functionality. We still deem it ‘basic’, you know… So far only a minor part of the roadmap has been implemented.
We’ve set off with some killer features, like token autodiscovery, ability to restore any HD wallet, so called forced address allocation… But these won’t get you far with only 11 coins, although Bitcoin still counts for the majority of the transactions worldwide. So we are going to live up to our ‘all-in-one wallet’ promise. In the nearest future you’ll see us adding more coins like Ripple, Monero, EOS…
Way more is left to be done for the ‘Developers’ and ‘Enterprise’. You could have seen crypto wallets adding some features like these, but more like a pleasant bonus. We try to think big and make these a fully fledged functionality, with, say, API for developers or analytics platform for businesses.
On brand philosophy and difficulties
I’ve already mentioned our concept of an ‘all-in-one’ wallet. Not that it’s new to the market: quite a number of wallets position themselves as ‘indispensable’ to user. In a way, they keep their word.
I think in our case the main difficulty was to unite the vision of the ‘tech guys’ with the needs of those new to crypto.
Some wallets are created for purely marketing purposes. The business model is mostly as easy as earning on fees or advertisement. Some have emerged as a supplement to a giant exchange.
OWNR started with an idea of a wallet which would cover the needs of a tech savvy person. However, some of these deeply technical use cases are of no interest to people who want to manage all their assets in one place. Just keep it safe and simple, you know. At the same time, we aimed to devise a wallet to fill in all everyone’s needs regardless of one’s background. That’s quite risky. The verge between ‘all-in-one’ product and no clear targeting is blurred. But I think that’s worth a separate conversation.
Grygory comes with 9+ years of leadership experience in Legal and Compliance. He currently works for BASF, heading the Legal and Compliance department. In 2018, he assisted a blockchain-based project with compliance and got interested in blockchain technology.
In January 2019, Grygory joined OWNR team as a Head of Compliance and was soon promoted to the position of CEO due to his management experience and business acumen. Grygory oversees OWNR’s product development and general strategy.
