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WalletConnect

WalletConnect

WalletConnect is an open source standard for connecting desktop Dapps to mobile wallets.

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Company Info

Wallet Connect is an open-source platform that gives developers the tools to create user experience, making digital ownership secure and effortless. It facilitates secure connections between decentralized applications and cryptocurrency wallets.

  • Founder: Pedro Gomes
  • Founded: April 8, 2021
  • Headquarters: Newark, Delaware, United States

Key Features:

  • Built to help mobile wallet users smoothly connect to desktop apps through QR codes. 
  • Wallet Protocol supports over 50 different wallets including the popular ones like Trust Wallet, MetaMask, and others. 
  • Users can connect their wallet by selecting Wallet Connect on a dApp that generates the QR code and the user scans it. 
  • WCT is its native token used for rewards, fees, staking, and governance within its ecosystem.
  • Users can approve or reject transactions directly from their wallet through push notifications, adding an extra layer of security.

It is funded by 42 investors, the most recent ones are Foresight Ventures and Ryan Selkis. Wallet Connect has raised a total funding of $25M over 3 rounds, the latest was raised from a Series A round on November 3, 2022.

FAQs

1. How does WalletConnect ensure transaction security?

It ensures the security of the user's transaction through several mechanisms including end-to-end encryption, private key protection, session lifecycle management, transaction approval notifications, secure connection initiation, and open-source transparencies.

2. Which wallets use WalletConnect?

WalletConnect supports all major wallets like Binance, Uniswap, Etherscan, MetaMask, Trust Wallet, and many others. 

Email[email protected]
HeadquartersUnited States
Number of Employees working in the company--
Last updated annual revenue of the company--