7️⃣ Which entity currently oversees the decentralized development of WalletConnect Network?
✅ WalletConnect DAO.
The entity that oversees the decentralized development of 👉WalletConnect Network👈 is 👉WalletConnect DAO👈 (Decentralized Autonomous Organization), which allows community governance through the $WCT token.
✨ Others:
🔸WalletConnect Foundation: (Another closer one, as it supports the ecosystem before the DAO).
🔸 These others (Reown, MetaMask Foundation, Web3 Foundation): are not involved in the governance of WalletConnect.
✨ Note: WalletConnect is transitioning to a DAO model, where $WCT holders will decide the future of the protocol.
8️⃣ What is blocking Web3 from reaching its full potential today?
✅ Low usability and limited accessibility.
✨ Although several factors hinder the growth of Web3, the biggest obstacle today is:
🔸Complex user experience: Wallets, transactions, and concepts like gas fees or seed phrases remain confusing for non-technical users.
🔸Limited accessibility: The need to manage private keys, compatibility issues between chains, and the lack of seamless integration with traditional applications hinder mass adoption.
✨ Why not the other options?.
🔸Centralized exchanges: Although they generate centralization, they also facilitate onboarding.
🔸High fees: They are a problem on some chains (like Ethereum at peak usage), but not on all (e.g., Polygon, Solana).
🔸Lack of developers: There is a shortage, but the ecosystem already has mature tools (SDKs, docs).
👉 The ✨usability✨ is the key bottleneck, according to reports like the one from Electric Capital and opinions from leaders like Vitalik Buterin. Solutions like "WalletConnect" (simplifying connections between dApps and wallets) aim to address this.
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