WalletConnect, with a funding of $46.5 million, is set to launch on OKX, with its popularity skyrocketing!

According to official sources, OKX is set to list WCT (WalletConnect), with the following schedule:

• WCT Deposit Open Time: April 15, 2025, 6:00 PM (UTC+8)

• WCT/USDT Trading Time: To be announced.

WalletConnect Overview

WalletConnect is an open protocol developed by Reown for secure communication between wallets and DApps (Web3 applications). The protocol uses bridge servers to establish remote connections between two applications and/or devices to relay payloads. These payloads are symmetrically encrypted via a shared key between the two peers.

The main goal of WalletConnect is to address the on-chain user experience ecosystem issue. It securely bridges the gap between desktop and mobile users by scanning QR codes.

WalletConnect Core Team

Founded in 2018 and based in the Cayman Islands, WalletConnect aims to create a protocol. As of now, the WalletConnect team has only 12 members. The key team members are:

1. Jess Houlgrave – CEO of WalletConnect
   Jess Houlgrave is the CEO of WalletConnect and previously served as Chief of Staff at Checkout.com and co-founder and COO of Codex Protocol. She graduated from the University of Oxford.

2. Pedro Gomes – Founder of WalletConnect
   Pedro Gomes is the founder of WalletConnect, having contributed to the development of the WalletConnect protocol, Web3Modal, and other products. Known as “Wallet Guy,” he is a JSON-RPC purist and has previously worked as a full-stack developer at Connext.

3. Derek Rein – CTO of WalletConnect
   Derek Rein is the Chief Technology Officer of WalletConnect and was previously a software development engineer at Amazon. He holds a Master’s degree in Computer Science from the Technical University of Munich.

WalletConnect Funding

• Series A: On March 8, 2022, WalletConnect completed a $11 million Series A funding round, with participation from Union Square Ventures, 1kx, Coinbase Ventures, Zerion, Semantic Ventures, A.Capital, Buckley Ventures, and others.

• Series B: On November 3, 2022, WalletConnect completed a $12.5 million funding round, with participation from Shopify, Coinbase Ventures, HashKey Capital, Foresight Ventures, P2 Ventures, ConsenSys, Union Square Ventures, 1kx, and others.

• Series B: On January 15, 2025, WalletConnect completed a $13 million Series B round, with participation from Union Square Ventures, 1kx, BitGo, Fenbushi Capital, Triton Capital XYZ, Crypto.com Capital, and others.

• Public Funding: On February 14, 2025, WalletConnect raised $10 million in a public funding round.

WalletConnect Key Features

WalletConnect offers several key features to improve the interaction between Web3 wallets and DApps:

1. Multi-chain Support: Connect to any blockchain, enabling cross-ecosystem interaction.

2. Universal Protocol: Supports over 600 wallets and 40,000 DApps, ensuring seamless interoperability.

3. Secure Connections: Uses end-to-end encryption to ensure safe and private interactions between wallets and DApps.

4. Cross-Platform Access: Allows users to connect via mobile devices or desktops without requiring browser extensions.

5. Push Notifications: Provides alerts for interactions, price changes, etc.

6. Auto Chain Detection: Automatically detects chains without the need for manual adjustments.

7. Free: Connecting to any network with WalletConnect is free of charge.

Summary

WalletConnect enables developers to provide users with more flexible connection options to access decentralized applications (DApps). By supporting a wide range of wallets and ensuring secure and seamless connections, WalletConnect enhances the user experience. With the launch of WCT, WalletConnect aims to involve more users, applications, and wallets in the development of the on-chain ecosystem through reward programs and decentralized governance.