What Is $WCT and Why It Matters in Web3
WCT, the WalletConnect Token, plays a critical role in one of the most widely used infrastructures in Web3: WalletConnect. WalletConnect is not a wallet or a blockchain — it is a communication protocol that securely connects wallets to decentralized applications (dApps). Millions of users interact with DeFi, NFTs, and Web3 apps every day through WalletConnect, often without realizing it.
WCT exists to decentralize and sustain this infrastructure. Instead of WalletConnect being a purely centralized service, WCT introduces incentives, governance, and long-term alignment between users, wallets, developers, and node operators. This is a major step toward making Web3 infrastructure community-owned rather than company-controlled.
As Web3 grows, reliable wallet connectivity becomes even more important. Every transaction, signature, or dApp interaction relies on seamless wallet communication. WCT supports this backbone by enabling staking, governance participation, and network incentives.
Rather than competing with Layer 1 blockchains, WCT complements them. It sits at the infrastructure layer, powering interactions across multiple chains. This cross-chain relevance gives WCT a unique position in the crypto ecosystem, making it less about hype and more about utility and longevity.$BNB
