The #WalletConnect project is a critical piece of infrastructure for the Web3 ecosystem. It's an open-source protocol that creates a secure, encrypted bridge between cryptocurrency wallets and decentralized applications (dApps). By using QR codes or deep links, it allows users to interact with dApps without ever exposing their private keys, which is a massive win for security and user experience.

The recent launch of the native utility token, $WCT , is a major step toward further decentralization. While currently used for governance, and with a future roadmap that includes fees and rewards, the token is designed to incentivize community participation and secure the network. It's exciting to see this project evolve from a simple protocol into a full-fledged ecosystem. The project's vision, as shared by @WalletConnect , is to be a foundational component of the "new internet," and with its multi-chain support and wide adoption, it's well on its way.