WalletConnect Token (WCT) is the token associated with WalletConnect, the most popular Web3 wallet connection protocol today. Instead of relying on centralized solutions, WalletConnect allows users to easily connect decentralized wallets (DeFi wallet, NFT wallet, etc.) with thousands of dApp applications using just a secure QR code or deep link.
The strength of WalletConnect lies in its wide compatibility: supporting over 500+ wallets and applications throughout the Web3 ecosystem. This makes the user experience smoother, eliminating the need for complex steps, thereby promoting mass adoption.
The WCT token plays a core role in staking, governance, and incentivizing developers. Holders have the right to participate in deciding on important protocol upgrades while benefiting from supporting the ever-expanding ecosystem.
In the context of Web3 needing a reliable bridge between users and applications, WCT emerges as an essential infrastructure block, reinforcing WalletConnect's position globally.