# **Get to know the WalletConnect Foundation: Supporting the decentralized future of Web3**
🚀 *"Building a permissionless Web3, where users and developers thrive together!"*
The cryptocurrency world has seen significant evolution with the launch of the **WalletConnect Foundation** in 2024. If you’re a fan of seamless and decentralized experiences on the web, this is great news. Let’s detail what this means for you - developers, traders, and Web3 enthusiasts.
## **What is the WalletConnect Foundation?**
The WalletConnect Foundation is a non-profit organization focused on the following:
✅ *Seamless and secure user experience** - Making blockchain interactions seamless and secure
✅ *Decentralized growth** - Empowering both developers and users
✅ *Community rewards** - Ensuring contributors benefit from the ecosystem
Consider it the **backbone** of the WalletConnect mission - but now with more decentralization, security, and community strength.
### **Who is behind it?**
At launch, the foundation is led by:
🔹 **Pedro Gomez** (*Foundation Director*) - A key figure in the evolution of WalletConnect
Expect more **developers, DAO contributors, and Web3 leaders** to join as the ecosystem grows.
## **Why is this important for Web3?**
WalletConnect is already a **core infrastructure** for connecting wallets to decentralized applications. Now, the foundation is enhancing this direction by:
### **1. Decentralization of the network**
- No single entity controls WalletConnect
- Decisions are moving towards **community governance** (think DAO-style voting)
### **2. Rewards for developers and users**
- Developers gain better tools and incentives
- Active participants may earn **Wct governance tokens** (just a guess, but possible!)
### **3. Accelerating the adoption of Onchain technology**
- Smoother logins, transactions, and interactions between DeFi and NFTs
- Safer than ever
## **What’s next for WalletConnect?**
🌐 **Expanding multi-chain support** - More blockchains = greater possibilities
🔐 **Enhanced security** - Protecting users from fraud and hacks
$WCT#WalletConnect $WCT
