"WalletConnect (WCT) Founder Aims for a Decentralized Standard Rivaling Visa & Mastercard: WCT Token and Roadmap Unveiled"

2025-07-22 17:30
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"WalletConnect (WCT) Founder Aims for a Decentralized Standard Rivaling Visa & Mastercard: WCT Token and Roadmap Unveiled"

출처: Block Media

# WalletConnect Founder Unveils Vision for Decentralized Infrastructure and Role of WCT Token

Pedro Gomez, the visionary founder behind WalletConnect (WCT), a leading Web3 wallet infrastructure platform, recently engaged with South Korea’s crypto community during an AMA (Ask Me Anything) session hosted on X (formerly Twitter) Spaces on October 14. During this interactive session, Gomez revealed insights into the project’s long-term vision, the significance of the WCT token, and its ambitious future roadmap.

Gomez made it clear that WalletConnect is not merely a wallet application—it serves as a decentralized standard facilitating seamless integration between wallets and decentralized applications (dApps). Drawing a parallel to global payment networks, he explained, “WalletConnect operates similarly to Visa or MasterCard, bridging diverse wallets and apps, much like these networks connect banks and payment systems worldwide.”


# The Genesis of WalletConnect: Building a Decentralized Interoperability Standard

Gomez shed light on WalletConnect’s origins, correcting common misconceptions that the platform is a proprietary wallet. He emphasized that WalletConnect is truly a “connection standard,” born in 2017 to address inefficiencies in the then-nascent blockchain industry. At the time of its creation, most Ethereum services were restricted to desktop usage, and a universal standard for linking mobile wallets to web-based services was nonexistent.

To solve this challenge, WalletConnect introduced an open protocol using QR codes as the medium for smooth communication between wallets and dApps. This innovation revolutionized interoperability in the blockchain space. Gomez compared its significance to traditional credit card models and elaborated, “Just as Visa connects millions of banks globally to facilitate payments, WalletConnect enables users to connect any wallet with their preferred websites or applications for seamless digital asset transactions.”

The success of WalletConnect’s open protocol is evident in its meteoric growth. With an impressive 48 million cumulative users worldwide and monthly active users consistently ranging between 5 to 6 million, the platform is cementing its position as the backbone of decentralized finance (DeFi).


# Pursuing Decentralization with WCT Token and Future Revenue Paths

WalletConnect has made strides toward decentralization by launching a foundation and introducing the WCT token in 2023. Gomez highlighted this pivotal move, explaining, “Significant technological advancements this year, such as multi-node operator participation, set the stage for WalletConnect’s decentralization journey.”

Gomez underscored the limitations of centralized infrastructure models, noting that the platform thrives on the active participation of wallet partners in its ecosystem. He cautioned, “If we monopolize profits, partners will abandon the network, and organic growth will stall.”

Despite its current reliance on external funding—operating without any revenue—WalletConnect plans to roll out a fee-based business model in 2024. This business model will allocate transaction fees generated by dApps to the network’s node operators and wallet partners, driving an equitable revenue-sharing ecosystem.

Central to this decentralized ecosystem is the WCT token, which serves multiple purposes. Users, node operators, and wallet partners can stake WCT tokens to earn rewards. Beyond financial incentives, staking confers governance voting rights, empowering participants to shape critical network decisions. For node operators, staking WCT tokens is mandatory to actively participate in the network. Moreover, performance-driven rewards encourage operators to maintain excellence in network speed and reliability. Gomez emphasized that WCT tokens would also play a vital role in funding ecosystem grants and fostering development.


# Solana Airdrop and Multi-Chain Governance Vision

WalletConnect recently made waves with its announcement of a WCT token airdrop targeting Solana (SOL) ecosystem users. The company expanded its token availability beyond Ethereum and Optimism (OP) through a strategic partnership with Wormhole, allowing integration with the Solana blockchain.

The airdrop specifically aims at users of leading platforms such as Phantom, Solflare, Solana Mobile, Backpack, and Jupiter (JUP). Airdrop eligibility was determined by partner organizations, with token claims starting on October 14, coinciding with Gomez’s AMA event.

Looking ahead, WalletConnect envisions establishing an inclusive “multi-chain governance system.” This groundbreaking initiative will empower users to take part in governance and staking activities across various blockchain networks, fostering broader interoperability and user engagement.


# Redefining UX with ‘Smart Sessions’ Innovation

WalletConnect’s future roadmap focuses on enhancing user experience (UX) through the development of a cutting-edge feature called Smart Sessions. Addressing common user frustrations, particularly with repetitive wallet signature approvals, Gomez outlined how this innovation could streamline interactions within dApps.

“Smart Sessions will allow users to pre-authorize specific actions under defined parameters,” Gomez explained. For instance, a user could set transaction approval thresholds of up to $1,000 or permit automated actions by AI agents—all without requiring constant prompts for wallet signature approvals. This feature holds vast potential for improving user experiences in gaming, subscription-based services, and beyond.


# Building Trust Through Open-Source Collaboration: A Call to the South Korean Crypto Community

In his concluding remarks, Gomez extended a passionate invitation to South Korean developers and the broader crypto community to explore WalletConnect’s open-source infrastructure. He envisioned WalletConnect as a gateway to innovative decentralized applications (dApps) and tokens that transcend the limitations of centralized exchanges.

“To truly thrive in the Web3 era, transparency, trust, and adherence to open-source principles are non-negotiable,” Gomez said, urging the community to uphold these core values while forging the future of blockchain technology.


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