WalletConnect is a UX ecosystem on-chain that allows users to connect their cryptocurrency wallets to dApps, regardless of whether users are on the web or an application. Its inception in 2018 addressed the long-standing connectivity issue for the web3 ecosystem, making this network an important and long-lasting part of today's on-chain infrastructure. It connects users' wallets to decentralized applications through deep linking and encrypted QR codes, where users scan the WalletConnect QR code to link their wallets to dApps. WalletConnect facilitates the connection between wallets and dApps by taking application requests and forwarding them to users' wallets for approval, while protecting user data with end-to-end encryption while enabling seamless transactions.

The WalletConnect Network is completely chain-agnostic. As the WalletConnect Network scales, it is transitioning to a fully permissionless model, and its native token, the Connect Token (WCT), will support governance, staking, rewards, and fee structure in the future after launch.

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