Summary of the latest news on @WalletConnect $WCT for this week:
Token Airdrop and Expansion:
WalletConnect has expanded its WCT token to the Solana ecosystem, initiating a $5 million airdrop for active users.
This move aims to enhance transactions and governance within the Solana community and make WalletConnect more accessible across Solana apps.
The airdrop for the Solana community is set to open on July 14, 2025, at 3 PM CET.
Funding and Development:
WalletConnect has raised a total funding of $25 million over three rounds from 17 investors. The company was founded by Pedro Gomes in 2018 and has seen significant growth and adoption in the Web3 space.
Community and Governance:
The launch of the WCT token marks a transition to a permissionless structure governed by the community. Users can participate in governance and staking, contributing to the network's future development .
These developments highlight WalletConnect's ongoing efforts to expand its ecosystem, engage with the community, and solidify its position as a key player in the Web3 space.
