The development history of GameFi
The brief introduction of GameFi
The OndoFinance project, a king-bomb with a valuation exceeding $535 million, has recently seen a su…
Introduction to OndoFinance Ondo Finance is dedicated to enhancing the security, efficiency, and accessibility of financial services through institutional-grade on-chain products. The company boasts a technical department focused on developing on-chain financial software and an asset management arm that creates and manages tokenized products. Ondo Finance is incubating protocols capable of supporting the tokenization of real-world assets and traditional cryptocurrencies, and it is the first c...
Should Aave Expand to Solana? The Battle Between DeFi Lending Security and Innovation
Decentralized finance (DeFi) has rapidly risen in recent years, becoming a significant innovation in the fintech space. Among its core components, lending protocols offer peer-to-peer lending services without intermediaries, enabling users to borrow and lend assets directly on the blockchain through smart contracts. This provides greater transparency and efficiency. According to DefiLlama, as of February 2025, the total value locked (TVL) in DeFi lending protocols has reached tens of billions...
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The development history of GameFi
The brief introduction of GameFi
The OndoFinance project, a king-bomb with a valuation exceeding $535 million, has recently seen a su…
Introduction to OndoFinance Ondo Finance is dedicated to enhancing the security, efficiency, and accessibility of financial services through institutional-grade on-chain products. The company boasts a technical department focused on developing on-chain financial software and an asset management arm that creates and manages tokenized products. Ondo Finance is incubating protocols capable of supporting the tokenization of real-world assets and traditional cryptocurrencies, and it is the first c...
Should Aave Expand to Solana? The Battle Between DeFi Lending Security and Innovation
Decentralized finance (DeFi) has rapidly risen in recent years, becoming a significant innovation in the fintech space. Among its core components, lending protocols offer peer-to-peer lending services without intermediaries, enabling users to borrow and lend assets directly on the blockchain through smart contracts. This provides greater transparency and efficiency. According to DefiLlama, as of February 2025, the total value locked (TVL) in DeFi lending protocols has reached tens of billions...
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WalletConnect: $40.5 Million Funding Arrives—A High-Potential Investment Opportunity
Support gamefi
WalletConnect: $40.5 Million Funding Arrives—A High-Potential Investment Opportunity
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Basic Information of WalletConnect
WalletConnect is an open protocol designed for secure communication between wallets and DApps (Web3 applications). The protocol uses a bridge server to establish a remote connection between two applications and/or devices to relay payloads. These payloads are symmetrically encrypted using a shared key between the two peers. The connection is initiated by a peer displaying a QR code or a deep link with a standard WalletConnect URI and is established when the other party approves the connection request. It also includes an optional push server to allow native applications to notify users of incoming payloads to establish a connection.
Tags: Infrastructure, Wallet
Team Information of WalletConnect
Funding Situation of WalletConnect
On March 8, 2022, WalletConnect completed an $11 million Series A round led by Union Square Ventures and 1kx, with participation from CB, Semantic Ventures, and others.
On November 3, 2022, it secured an additional $12.5 million with participation from Shopify, Coinbase Ventures, ConsenSys, Circle Ventures, Polygon, Uniswap Labs Ventures, and Union Square.
On January 15, 2025, WalletConnect closed a $13 million Series B round led by Union Square Ventures and 1kx, with participation from Shopify Ventures, Kraken Ventures, Crypto.com Capital, BitGo Ventures, and others.
Token Economics of WalletConnect
The initial supply cap of the WalletConnect Token (WCT) is set at 1 billion, allocated as follows:
WalletConnect Foundation: 27%
Airdrop: 18.5%
Team: 18.5%
Rewards: 17.5%
Previous Supporters: 11.5%
Core Development: 7%
Tokens allocated to core development, the team, and previous supporters will be subject to a 4-year vesting period, including a 1-year cliff from the Token Generation Event (TGE).
Features of WalletConnect
WalletConnect was initially proposed by Richard Burton in 2018 and is now supported by a wide range of mobile wallets:
Decentralized: WalletConnect does not rely on any centralized servers, ensuring all communications are end-to-end encrypted to safeguard user security.
Compatibility: WalletConnect can interact with various types of mobile wallets and Web3 DApps, such as MetaMask, Trust Wallet, MyEtherWallet, etc. It supports over 600 wallets and 40,000 DApps, offering seamless interoperability.
Efficiency: WalletConnect's communication protocol is highly efficient, enabling fast and reliable connections over mobile networks. Users can connect via mobile devices or desktops without needing browser extensions.
Openness: WalletConnect is an open protocol that anyone can use to build their own applications and expand its functionality.
How to Use WalletConnect?
WalletConnect enables developers to offer users more flexible connection options to access decentralized applications (DApps). By supporting multiple wallets and achieving seamless, secure connections, WalletConnect enhances user experience. For users who use multiple wallets and wish to explore DApps before connecting their primary wallet, WalletConnect is an excellent choice.
Basic Information of WalletConnect
WalletConnect is an open protocol designed for secure communication between wallets and DApps (Web3 applications). The protocol uses a bridge server to establish a remote connection between two applications and/or devices to relay payloads. These payloads are symmetrically encrypted using a shared key between the two peers. The connection is initiated by a peer displaying a QR code or a deep link with a standard WalletConnect URI and is established when the other party approves the connection request. It also includes an optional push server to allow native applications to notify users of incoming payloads to establish a connection.
Tags: Infrastructure, Wallet
Team Information of WalletConnect
Funding Situation of WalletConnect
On March 8, 2022, WalletConnect completed an $11 million Series A round led by Union Square Ventures and 1kx, with participation from CB, Semantic Ventures, and others.
On November 3, 2022, it secured an additional $12.5 million with participation from Shopify, Coinbase Ventures, ConsenSys, Circle Ventures, Polygon, Uniswap Labs Ventures, and Union Square.
On January 15, 2025, WalletConnect closed a $13 million Series B round led by Union Square Ventures and 1kx, with participation from Shopify Ventures, Kraken Ventures, Crypto.com Capital, BitGo Ventures, and others.
Token Economics of WalletConnect
The initial supply cap of the WalletConnect Token (WCT) is set at 1 billion, allocated as follows:
WalletConnect Foundation: 27%
Airdrop: 18.5%
Team: 18.5%
Rewards: 17.5%
Previous Supporters: 11.5%
Core Development: 7%
Tokens allocated to core development, the team, and previous supporters will be subject to a 4-year vesting period, including a 1-year cliff from the Token Generation Event (TGE).
Features of WalletConnect
WalletConnect was initially proposed by Richard Burton in 2018 and is now supported by a wide range of mobile wallets:
Decentralized: WalletConnect does not rely on any centralized servers, ensuring all communications are end-to-end encrypted to safeguard user security.
Compatibility: WalletConnect can interact with various types of mobile wallets and Web3 DApps, such as MetaMask, Trust Wallet, MyEtherWallet, etc. It supports over 600 wallets and 40,000 DApps, offering seamless interoperability.
Efficiency: WalletConnect's communication protocol is highly efficient, enabling fast and reliable connections over mobile networks. Users can connect via mobile devices or desktops without needing browser extensions.
Openness: WalletConnect is an open protocol that anyone can use to build their own applications and expand its functionality.
How to Use WalletConnect?
WalletConnect enables developers to offer users more flexible connection options to access decentralized applications (DApps). By supporting multiple wallets and achieving seamless, secure connections, WalletConnect enhances user experience. For users who use multiple wallets and wish to explore DApps before connecting their primary wallet, WalletConnect is an excellent choice.
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