When you hear the word WalletConnect, something simple comes to mind: 'ah, that's the protocol for connecting a wallet to decentralized applications.' But behind it is a serious organization with tens of millions in investments, a clear structure, and... its own token, which for some reason is still facing down. Let's figure out who actually created it and what the shadow side of Web3 infrastructure is.
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💵 Who gave the money?
WalletConnect did not raise a penny by penny. They attracted over $38 million:
Seed round (2021): $1.25 million from 1kx
Series A (2022): $11.5 million — the same 1kx, Union Square Ventures, Coinbase Ventures, ConsenSys, Circle
Ecosystem round (2022): $12.5 million — almost the same faces
Series B (2025): another $13 million from USV, Shopify Ventures, Kraken, Crypto.com, Figment and others
Plus Foundation raised $10 million through a private token sale
This is not charity — investors are counting on profit. And not in the distant future.
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🧑💼 Who are the key players?
🔹 1kx — the main venture in all rounds
🔹 Union Square Ventures — another constant partner
🔹 Coinbase, Consensys, Circle — tech giants of Web3
🔹 Shopify Ventures, Kraken Ventures, Figment — from infrastructure to trading platforms
WalletConnect is supported by serious players. They do not invest in 'memes', they need infrastructure — and that is exactly what WalletConnect sells to them.
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🧱 Where did the money go?
SDK for mobile and web applications (AppKit, WalletKit) — so everyone connects in 3 clicks
Push notifications and communication between wallets
Decentralized governance — anyone who wants can deploy a node
Funding developers and grant programs
Governance system for future community participation
In other words — this is a Web3 infrastructure that allows you not to think about how it all works. You just click 'connect wallet' — and off you go.
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🌍 Market significance
1. WalletConnect is already a standard. It is supported by most wallets and DApps.
2. Money is not the problem. The problem is implementation, UX, and trust.
3. The token is not just a wrapper. It integrates into governance, and node operators are already receiving grants.
4. Web3 is moving towards simplicity — connecting via QR code has already become the norm.
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🧠 Conclusion
WalletConnect is not about another token project, but about the foundation of Web3. It is supported by those shaping the industry: Coinbase, Shopify, Kraken. This is not a guarantee of 'x's, but it is definitely a signal: this thing is not ignored by major players because it is needed.
🔮 And while most are still figuring out where to invest — Web3 foundations are already pouring concrete. And WalletConnect is exactly the cement that holds everything together.
