WalletConnect is a crucial open-source protocol in the decentralized web (Web3) ecosystem. It acts as a bridge, enabling secure and convenient connectivity between cryptocurrency wallets and decentralized applications (dApps).
Here's a breakdown of what WalletConnect is and how it functions with crypto:
What is WalletConnect?
WalletConnect is not a cryptocurrency coin itself, but rather a protocol that facilitates communication. It allows users to connect their self-custody crypto wallets (like MetaMask, Trust Wallet, Ledger, etc.) to dApps, decentralized exchanges (DEXs), NFT marketplaces, and other Web3 platforms.
Launched in 2018 by Pedro Gomes, WalletConnect has become a widely adopted standard for interacting with the decentralized web, supporting over 300 blockchains and 600+ wallets.
The WalletConnect Token (WCT)
While WalletConnect itself isn't a "crypto coin" in the sense of being a digital asset for transactions, it does have a native token called WCT. This ERC-20 token became fully transferable in April 2025 and serves several purposes within the WalletConnect network:
* Staking: Users can stake WCT to participate in the network. #WCT