#WalletConnect $WCT @WalletConnect
Introduction
WalletConnect is an open protocol that enables secure connections between wallets and decentralized applications (dApps) without requiring a browser extension.
Market Context
Interoperability between wallets and dApps is crucial for onboarding new users. WalletConnect has emerged as a de facto standard supported by hundreds of wallets.
Core Offerings
Session Messaging: Encrypted, persistent connections.
Multi-Chain Support: Single session can handle multiple blockchains.
Mobile Integration: Native support for mobile-first Web3.
WCT Token Utility: Potential governance, premium developer APIs.
Case Study: Mobile-Only NFT Marketplace
An NFT platform used WalletConnect to allow users to sign transactions directly from their mobile wallets without installing a browser extension.
Business Model
Developer API tiers.
Infrastructure-as-a-service for large-scale apps.
SWOT Analysis
Strengths:
Massive network effect.
Ubiquitous support across wallets.
Weaknesses:
Monetization not fully defined.
Opportunities:
Expand into messaging and cross-chain identity.
Threats:
Browser-native wallet integrations reducing dependency.
Scenarios
Bull: Remains the universal wallet connection protocol.
Base: Maintains dominance with slow monetization.
Bear: Open standards competition erodes share.
Conclusion
WalletConnect is the invisible infrastructure powering a huge percentage of Web3 interactions.
