@WalletConnect is integrating Wormhole’s Native Token Transfers (NTT) framework to take its WCT token beyond Optimism to Ethereum mainnet and Solana. This integration will ensure WalletConnect’s utility and governance token maintains its native properties while enabling seamless interoperability across ecosystems.
WCT serves four key functions: network fees, rewards for network participants, staking for security and governance weight, and governance participation. The token enables community members to have a stake in the future of onchain UX, shaping user experience standards across crypto.
By leveraging Wormhole’s NTT framework, #WCT ensures @WalletConnect WalletConnect can scale seamlessly across Optimism and Etherem, eliminating liquidity fragmentation. With NTT, projects maintain full control over their tokens’ behavior on each chain, including aspects such as customizability, metadata management, and ownership or upgradeability. This ensures compatibility with any token standard or governance system, offering unparalleled flexibility and adaptability.