🌐 WalletConnect Model: How the Open Model Enhances Sustainability in Web3? 🔗
Have you ever wondered how decentralized protocols work while ensuring everyone benefits? Here’s how @WalletConnect delivers innovative solutions while continuing to provide essential services for free to all users in #Web3 .
🛠️ Q: Does WalletConnect operate as a for-profit entity or a public project?
🔸 A: WalletConnect is an open-source protocol dedicated to facilitating integration between decentralized systems, aiming to ensure that its core remains free for everyone. However, it is supported by a centralized development company responsible for improving and maintaining the protocol.
💰 Q: How is this network funded if it is free?
🔸 A: #WalletConnect relies on a “free tier” usage model. API interfaces are provided for free to the vast majority of developers. However, large companies, such as cryptocurrency exchanges or wallets with millions of users, require customizations and additional technical support, necessitating paid subscriptions.
🔮 Q: How does this model ensure sustainability?
🔸 A: The model creates a sustainable funding mechanism, where major users contribute to covering operational costs, allowing the infrastructure to remain stable and efficient. This strategy enhances the network's ability to accommodate continuous growth and achieve success in Web3.
@WalletConnect #WalletConnect $WCT
