WalletConnect is an open-source protocol that creates a secure bridge between your crypto wallets and decentralized applications (dApps). Think of it as a universal connector for the Web3 world. Instead of sharing sensitive private keys, you simply scan a QR code or use a deep link to connect your wallet to a dApp.
This ensures your assets stay safe in your wallet while you interact with various Web3 services like DeFi platforms, NFT marketplaces, and blockchain games. WalletConnect supports hundreds of wallets and thousands of dApps across many blockchains. The newly launched WalletConnect Token ($WCT) further decentralizes the network, allowing users to participate in its governance and earn rewards. It's a crucial piece of infrastructure making Web3 accessible and secure for everyone.