tl;dr
WalletConnect has launched the WalletConnect Foundation and WCT token for fees, rewards, staking, and governance. The WCT token aims to incentivize collaboration and empower stakeholders within the network. Plans for decentralization and changes to token economics are on the horizon. WalletConnect a...
WalletConnect Foundation was established in 2024 to promote decentralization, introduce the WCT token for fees, rewards, staking, and governance, and outline future plans for network resistance and profitability. The foundation's creation was prompted by the growth of the WalletConnect ecosystem and aims to collaborate with ecosystem partners to enhance token economics.
WalletConnect is dedicated to streamlining the crypto user experience by introducing the Smart Sessions feature, which prioritizes seamless connections and minimal user interaction. Additionally, WalletConnect has launched the WalletConnect Certified kitemark to facilitate mainstream adoption by emphasizing minimal user interaction.
The WalletConnect Foundation has announced a community contest on MYRIAD for predicting trends in the WalletConnect ecosystem, offering WCT token rewards to participants. With plans for decentralization and changes to token economics on the horizon, WalletConnect aims to incentivize collaboration and empower stakeholders within the network.
WalletConnect founder Pedro Gomes highlighted the token's role in incentivizing collaboration and empowering stakeholders within the network. As the network continues to grow, WalletConnect seeks to ensure resistance and global reach through decentralization while making changes to the economics of the WCT token.
WalletConnect has facilitated over 255 million connections for more than 45 million users worldwide. The introduction of fees on the network is expected to drive revenue, aligning with the goal of creating a profitable decentralized network.
WalletConnect's focus on improving user experience led to the launch of the WalletConnect Certified kitemark, recognizing projects that meet high standards in UX, security, compliance, and feature integration. The forthcoming Smart Sessions feature aims to revolutionize wallet-app interactions, offering users a seamless and secure experience with minimal interaction.
The WalletConnect Community Contest on MYRIAD invites participants to predict trends in the WalletConnect ecosystem, with rewards of 150,000 WCT tokens available for the best predictors and top traders on the platform.