In the cryptocurrency and Web3 fields, the WalletConnect project has attracted a large number of investors. Today, let’s take a look at the layout of the investment giant behind this project that raised more than 40 million US dollars.
Investment giant
Union Square Ventures: As a well-known venture capital firm, it invested in WalletConnect because it is optimistic about the development potential of the Web3 field. WalletConnect's open protocol can provide important underlying communication support for the development of Web3 applications, which will help promote the prosperity of the Web3 ecosystem. On the other hand, investing in WalletConnect can lay out the Web3 infrastructure at an early stage, laying the foundation for its subsequent portfolio expansion and strategic layout in this field, and obtaining the dividends brought by the development of the Web3 industry.
Shopify: As an important platform in the e-commerce field, investing in WalletConnect is an important step for it to expand into the Web3 field. By cooperating with WalletConnect, Shopify may hope to introduce Web3 technology into the e-commerce field, such as realizing decentralized commodity transactions, digital asset payments, etc., to provide users with a new shopping experience, while also expanding its own business boundaries and occupying a favorable position in the commercial competition in the Web3 era.
Coinbase: As a cryptocurrency trading platform, investing in WalletConnect will help it improve its layout in the Web3 ecosystem. WalletConnect can provide Coinbase users with more convenient and secure wallet and Dapps connection services, improve user experience, and increase user stickiness. In addition, it can also form synergies with Coinbase's other businesses and jointly promote the development of the cryptocurrency and Web3 industries.
Uniswap Labs Ventures: Uniswap is a representative of decentralized trading platforms. Investing in WalletConnect can better support the connection between Dapps and wallets in its ecosystem, improve the convenience and security of transactions, promote the development of DeFi (decentralized finance) business, attract more users to participate in the Uniswap ecosystem, and consolidate its position in the DeFi field.
In fact, the reason is not difficult to understand. We all know that in the world of Web3, digital wallets and various decentralized applications (Dapps) must be connected smoothly and "talk" securely, so that users can use them comfortably and developers can develop with peace of mind.
WalletConnect is like a super powerful "communication bridge" that enables seamless communication between wallets and Dapps, regardless of the blockchain or device. Not only that, it also has a bunch of super practical features such as multi-chain support and secure encryption.
From this perspective, WalletConnect is like a "hot commodity" in the Web3 ecosystem. No wonder so many investors are rushing to invest in it, wanting to get a piece of the pie in this field with unlimited potential!
