WalletConnect secures $12.5 million in an ecosystem funding round
Web3 communications protocol firm, WalletConnect, introduced elevating $12.5 million in an ecosystem spherical, with participation from Shopify, Coinbase Ventures, ConsenSys, Circle Ventures, Polygon, Uniswap Labs Ventures, Union Sq. Ventures, 1kx, HashKey, Foresight Ventures, and others.
We at WalletConnect are thrilled to announce that we’ve got raised $12.5 million in an ecosystem spherical geared toward driving the following evolution in our progress!https://t.co/Ea7F392KD5
— WalletConnect 📲 (@WalletConnect) November 3, 2022
The current ecosystem spherical lays the foundations for WalletConnect’s growth, forming strategic partnerships in the direction of establishing the WalletConnect Community, a decentralized communications community primarily based on the WalletConnect protocol, in line with a press launch launched to Crypto.
“Web3 has unleashed a brand new age of internet-driven innovation,” mentioned Hooman Mehranvar, Company Improvement Lead at Shopify. “WalletConnect is a constructing block on this rising ecosystem, and we look ahead to collaborating with the staff to assist push commerce into the Web3 period.”
The current funding spherical follows WalletConnect’s Series A round final March, co-led by Union Sq. Ventures and 1kx, aiming to speed up its product pipeline and scale the corporate.
Some current developments from pockets join
In 2018, Pedro Gomes based WalletConnect to ascertain an encrypted connection between any two events on any blockchain. The protocol has built-in greater than 210 wallets and over 450 apps and providers, together with MetaMask, Uniswap, OpenSea, Twitter, Stripe, and Plaid. Additional, the platform serves over 157 international locations to attach with web3 wallets and apps.
Not too long ago, WalletConnect has additionally launched a brand new model of its protocol that gives entry to a number of blockchains. As a primary step, the protocol just lately built-in Fireblocks on its platform, enabling Fireblocks customers to securely and effectively entry all dApps constructed on Algorand by means of its platform.
Entry to #DeFi on @Algorand is now obtainable on Fireblocks! Fireblocks customers can now securely and effectively entry all dApps constructed on Algorand by means of @WalletConnect. Learn on → https://t.co/vNCPf57KO2 @jasonleecj $ALGO pic.twitter.com/ug1kFMNxq3
— Fireblocks (@FireblocksHQ) August 17, 2022
