WCT, launched by WalletConnect, is a key incentive component of the entire connection ecosystem. As the core of the Web3 multi-wallet interoperability protocol, WalletConnect has long been the default way for users to connect DApps and wallets, and WCT will play the role of 'incentive fuel' in its V2 network.

WCT is designed as a utility token used for various functions such as paying connection requests, broadcasting messages, group chats, and wallet notifications. In particular, for the 'Web3 Messaging Layer' that WalletConnect aims to build in the future, WCT will take on the role of cost settlement for node operators.

This transformation means that WalletConnect is no longer just a 'relay protocol', but has upgraded to a service distribution network, and its economic model is closer to Web2's push notification system, except that users and developers need to pay service fees with WCT.

The launch of WCT gives the connection logic of Web3 an economically closed-loop property, and in the future, it may work with protocols like ENS and Push to create a standardized on-chain notification system. #WalletConnect @WalletConnect $WCT