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WalletConnect is a Web3 communication network designed to connect multiple Web3 wallets with over 40,000 dApps across almost any operational blockchain network. It is powered by the $WCT token, which is primarily used to reward node operators, provide access to governance voting, and facilitate discussions on the fees WalletConnect crypto network will charge for its services.
On March 8th, 2022, the company closed an $11M Series A funding round, backed by Coinbase Ventures, A Capital, 1kx, and other prominent funds.
1 year cliff then 4-year unlock