WalletConnect secures $12.5 million in an ecosystem funding round

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WalletConnect receives $12.5 million in ecosystem funding round WalletConnect receives $12.5 million in ecosystem funding round
WalletConnect receives $12.5 million in ecosystem funding round

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cover art/illustration via cryptoslate

Web3 communications protocol company, WalletConnect, raises $12.5 million in ecosystem round with participation from Shopify, Coinbase Ventures, ConsenSys, Circle Ventures, Polygon, Uniswap Labs Ventures, Union Square Ventures, 1kx, HashKey, Foresight Ventures, and others declare.

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According to a press release issued to Cryptooshala, the recent ecosystem round lays the foundation for the development of WalletConnect, forming a strategic partnership to establish the WalletConnect Network, a decentralized communications network based on the WalletConnect protocol.

“Web3 ushered in a new era of Internet-driven innovation,” said Human Mehranwar. Corporate Development Lead at Shopify. “Walletconnect is a building block of this growing ecosystem, and we W. Look forward to collaborating with the team to help further commerce inEB3 was.”

Recent funding round follows WalletConnect’s Series A Round Last March, it was co-led by Union Square Ventures and 1kx, aiming to accelerate its product pipeline and scale the company.

Some recent developments in Wallet Connect

In 2018, Pedro Gomes founded WalletConnect to establish an encrypted connection between any two parties on any blockchain. The protocol has integrated over 210 wallets and more than 450 apps and services, including Metamask, Uniswap, OpenC, Twitter, Stripe and Plaid. In addition, the platform serves to connect to Web3 wallets and apps in over 157 countries.

Recently, WalletConnect also released a new version of its protocol which provides access to multiple blockchains. As a first step, the protocol has recently integrated Fireblocks on its platform, enabling Fireblocks users to securely and efficiently access all dApps built on Algorand through its platform.

Credit : cryptoslate.com

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