The Web3 ecosystem has just witnessed a significant milestone with the launch of WalletConnect Foundation – the non-profit organization behind the WalletConnect protocol, a leading platform for secure and seamless connections between cryptocurrency wallets and decentralized applications (dApps).

This event marks a significant step towards sustainability, innovation, and decentralization of one of the most fundamental protocols in Web3 infrastructure.

Why is it necessary to establish WalletConnect Foundation? 🤔

Since its inception, WalletConnect has become the backbone for millions of Web3 users who want to interact with dApps securely and easily.

The transition to a non-profit foundation model helps:

  • Decentralize the development and governance of the protocol.

  • Ensure WalletConnect operates openly, neutrally, and serves the community in the long term.

5 strategic pillars of WalletConnect Foundation 🛡️

  1. Community Governance

    • Empower the community to participate directly in major decisions: propose improvements, prioritize features, project direction. 🗣️

  2. Sustainable Development (Long-Term Sustainability)

    • Ensure resources and funding for long-term protocol maintenance and upgrades. 💰

  3. Foster Innovation

    • Invest in research and development of new features, keeping WalletConnect at the forefront of Web3. 🚀

  4. Education & Adoption

    • Raise awareness and encourage the use of WalletConnect for developers, users, and organizations. 📚

  5. Collaboration & Standards

    • Coordinate with other projects to promote interoperability and build open standards in Web3. 🤝

What benefits will users and developers gain? 🎉

  • Trust & Transparency: The non-profit model reinforces the commitment to transparency and accountability to the community.

  • Decentralized Future: Important decisions will be made by community consensus, limiting concentrated power.

  • Continuous Innovation: New features and improvements will regularly emerge thanks to a clear R&D direction.

  • More connected Web3: Increasing interoperability between various wallets and dApps, enhancing user experience.

Start a new chapter 📖

The establishment of WalletConnect Foundation is not just an organizational change but also a turning point to:

  • Put the community at the center.

  • Ensure the long-term existence of the protocol.

  • Maintain a core role in Web3 infrastructure for many years to come.

The future of Web3 will be more open, connected, and sustainable – and WalletConnect Foundation will be the guiding factor for this journey. 🚀 @WalletConnect #WalletConnect $WCT