#WalletConnect initiated the WalletConnect Foundation to promote decentralized governance of the protocol. In order to ensure the long-term neutrality and decentralized development of the protocol, the WalletConnect team announced the establishment of a non-profit WalletConnect Foundation. The foundation will be responsible for managing the core codebase of the protocol and will begin planning for the future governance token model, gradually transferring control of the protocol to the community. This initiative aims to make WalletConnect a public product that is collectively owned and maintained by the community, enhancing its network effects and resistance to censorship.
