WalletConnect Raises $11M to Let Crypto Wallets Talk to Each Other

2 years ago

WalletConnect, a merchandise for connecting Ethereum wallets, has raised $11 cardinal successful a Series A backing circular co-led by Union Square Ventures and 1kx astatine an undisclosed valuation, according to an announcement shared with CoinDesk. The superior volition assistance standard wallet interoperability and make a generalized messaging layer.

  • “Web 3 isn’t implicit without immoderate signifier of mean to pass betwixt users,” WalletConnect co-founder Pedro Gomes told CoinDesk successful an email. “Since wallets fundamentally present integer identities that are portable crossed applications, we are capable to make a shared messaging furniture that isn’t owned by immoderate peculiar wallet oregon application.”

  • “You could ideate this contiguous arsenic if a Telegram idiosyncratic and a WhatsApp idiosyncratic could connection each other,” Gomes continued.

  • Founded successful 2018, WalletConnect present has integrations with implicit 100 wallets and much than 200 applications, including Twitter.

  • WalletConnect is successful the process of processing a multi-protocol messaging network. The archetypal protocols volition subordinate to nonstop messaging betwixt wallet users and propulsion notifications from apps for on- and off-chain events.

  • WalletConnect antecedently raised a $1.25 cardinal effect circular aboriginal past twelvemonth led by 1kx.

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