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WalletConnect, as a key connector in the multi-chain ecosystem, has been bridging different blockchain networks. Whether it’s Ethereum, Layer 2 solutions, EVM-compatible chains, or non-EVM chains, WalletConnect can achieve seamless integration. This powerful cross-chain capability not only allows developers to easily access various blockchain ecosystems but also provides users with an almost Web2-like smooth decentralized application experience.
Over the past five years, WalletConnect has continuously expanded its support scope, gradually becoming one of the standards in the industry. However, maintaining such a large connection network requires enormous costs, which have been silently borne by the team.
With the launch of the WCT token, a fundamental change has occurred in this situation. By staking WCT, users can directly share in network profits and participate in the community governance of the protocol. This means users can influence significant decisions of the protocol, such as supporting new wallet formats, improving the Web3Inbox messaging system, and even adjusting the fee structure. These decisions will be implemented through community proposals and voting. This transition has transformed WalletConnect from a single service provider into an open network co-built and managed by its users.
From an investment perspective, as an infrastructure token, the value growth path of WCT is very clear: as the number of network connections increases, demand rises, and the value of the token increases accordingly. More importantly, the application scenarios of WalletConnect cover multiple high-frequency usage areas such as the NFT market, decentralized exchanges, and blockchain games, with each interaction driving the activity of the ecosystem.
The innovation of WalletConnect not only solves the interoperability issues between blockchains at a technical level, but also realizes rewards for contributors in its economic model. This dual driving force makes WCT a rare "use and appreciate" type token. As the market gradually recognizes this feature, the value of WCT may be reassessed.
Overall, WalletConnect, through its innovative technology and economic model, is setting new standards for interoperability and user engagement in the Blockchain industry. As cross-chain demand continues to grow, the importance of WalletConnect and the WCT token in the Web3 ecosystem may further increase.