WalletConnect to Introduce Native Token WCT on Base Blockchain by Month’s End

WalletConnect, the widely adopted Web3 wallet connection standard, has announced plans to launch its native token, WCT, on the Base blockchain by the end of this month. This move, officially revealed on October 16, marks a strategic step aimed at bolstering WalletConnect’s integration with Base — one of the fastest-growing blockchain ecosystems. The launch is anticipated to drive ecosystem growth by incentivizing developers and fostering greater community engagement.

Recognized as a critical infrastructure in the Web3 space, WalletConnect currently connects over 70,000 applications to more than 50 million users worldwide. The deployment of WCT on Base signifies a pivotal milestone in its multichain expansion strategy, complementing previous rollouts on Ethereum (ETH), Optimism (OP), and Solana (SOL).

Why WalletConnect Chose the Base Blockchain

The WalletConnect Foundation has outlined key factors that influenced its decision to prioritize Base. These include Base's rapid growth trajectory, user-centric design, and strong institutional adoption.

Base has quickly emerged as a hub for consumer-oriented applications with large user bases, including platforms like Zora and Aerodome Finance (AERO). Its standout features — such as gas-free stablecoin onboarding, low transaction costs, and accelerated processing speeds — have played an instrumental role in its adoption.

Additionally, the ecosystem has drawn significant attention from institutional players, most notably JP Morgan. Through its proprietary Kinexys platform, JP Morgan introduced deposit tokens on Base, highlighting the blockchain’s capacity to accommodate traditional finance use cases. This influx of institutional participation reinforces the need for scalable and interconnected platforms like WalletConnect.

WalletConnect has been supporting wallet connectivity on Base since the blockchain’s official launch, earning trust among developers, users, and contributors within the ecosystem.

WCT’s Role in Governance and Ecosystem Incentives

The forthcoming deployment of WCT on Base extends beyond mere token integration. It aims to empower the Base community by enabling governance and incentivizing ecosystem contributions.

WCT token holders will have governance rights, granting them the ability to influence WalletConnect's future development and strategic roadmap. Additionally, developers who contribute to technological and user-driven enhancements within the Base blockchain ecosystem will be rewarded in WCT tokens.

Pedro Gomes, founder of WalletConnect, emphasized the significance of this collaboration, stating: “When Base was first announced years ago, we immediately recognized its potential as a hub for thriving on-chain user experiences. We’ve been supporting Base’s builders and users since its inception, and launching WCT here is a natural progression for us. Base will further accelerate our rapid growth.”

Upcoming Initiatives for WCT

The WalletConnect Foundation plans to roll out a suite of major upgrades as part of its ongoing WCT expansion strategy, focusing on governance and incentive mechanisms. These initiatives include:

• On-Chain Governance Activation: Enabling WCT holders to participate in decision-making across multiple blockchain networks.
• New Staking Mechanism: Introducing a staking model that rewards participants based on performance and contributions to the ecosystem.
• Incentive Programs: Launching reward initiatives designed for applications and wallets that integrate WalletConnect solutions within Base's infrastructure.

These future developments aim to solidify WalletConnect's position as indispensable infrastructure in the on-chain economy while offering Base users active participation in shaping the blockchain’s direction.

The official rollout of WCT on Base is scheduled for later this month, marking another significant step in WalletConnect’s mission to accelerate Web3 interoperability and ecosystem growth.