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Wolves were seen as both being negative and positive to the Norse people. On one hand, they can represent chaos and destruction (e.g. Fenrir, Skoll, and Hati), while on the other hand, they can also represent bravery, loyalty, protection, and wisdom.
Vegvisir, the Viking Compass, is first recorded in the Huld Manuscript, compiled by Geir Vigfusson in the 19th century. It depicts the Vegvisir symbol, which means “that which shows the way”, combining “vegur” which means way, with “visir”, which means pointer.
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So, while Fenrir was feared and was used as the basis of many evil wolf characters in later literature and cultural works, in Norse mythology he was a symbol of strength, ferocity, destiny, and inevitability. He was often viewed as someone wrongfully chained in an attempt to prevent the fulfillment of his destiny.