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When discussing Web3 infrastructure, people often focus on public chains, layer two networks, or storage protocols, while neglecting a crucial connection layer. Just as the internet cannot function without TCP/IP, Web3's operation also relies on connection protocols like WalletConnect. This protocol, referred to as Web3's 'invisible operating system', demonstrates its irreplaceability in three key aspects:
First of all, WalletConnect has formed a strong network effect. With access to over 600 wallets and more than 65,000 decentralized applications (DApp), it has created a virtuous cycle of 'the more users, the greater the value.' Developers are reluctant to give up a protocol that is used by almost all users, and users will not choose a wallet that is not supported by the majority of DApps. The scale effect of this ecosystem has built an insurmountable competitive barrier for WalletConnect.
Secondly, the neutrality of WalletConnect is key to its becoming a 'public good' of Web3. As an open-source protocol, it is not affiliated with any specific company or blockchain and maintains an open attitude towards all blockchain platforms, including Ethereum and Solana. This inclusivity makes it a universal connector for the entire Web3 ecosystem.
Finally, WalletConnect demonstrates exceptional evolutionary capability. Through the governance mechanism of the WCT token, the protocol can continuously evolve according to the needs of the ecosystem. Whether it's enhancing connection security or adapting to emerging blockchains, the community can drive protocol upgrades through voting, ensuring that WalletConnect remains technologically advanced.
From ordinary users trading NFTs to institutions issuing tokenized assets, WalletConnect plays a key role in various scenarios. It embodies the ultimate vision of Web3: not the victory of a single blockchain, but an organic whole formed through seamless connections.
WalletConnect is writing a new chapter in connecting Web3, and the WCT token is an important credential for participating in this historical process. In the development of Web3, the role of WalletConnect may become increasingly important, becoming the core force driving the entire ecosystem's development.