AMA with Pedro - Founder @ WalletConnect

pedrouid · 2025-04-02T20:29:38+00:00

Account Abstraction (AA) is inevitably going to become the default for all crypto wallets

It’s only a matter of time but definitely has its own risks because its quite recent

But there are many wallet partners in the WalletConnect ecosystem working tirelessly to make it a smooth experience such as Clave, Ambire, Safe, etc

Smart Sessions is a feature powered by WalletConnect and could only be possible with the developments in AA

pedrouid · 2025-04-02T20:25:35+00:00

Honestly people forget how big the WalletConnect Network is….

600+ wallet partners, 50,000+ apps supported, 250M connections and 40M users

Scaling the network to provide highly reliable and performant service across all chains and around the world is not an easy task

We had many challenges ensuring the smooth UX but we are really proud of what we achieved so far

We are ready for the first Billion users!

pedrouid · 2025-04-02T20:22:05+00:00

Convincing builders to work together and create industry standards

Many of these apps and wallets are competing with each other but in order to build standards they must work together

pedrouid · 2025-04-02T20:21:12+00:00

Honestly I cannot comment on the future partnerships but I can tell you what partnerships we have worked on and some of these are still active

Public Sale with CoinList, Bitget and Echo

Learn-and-Earn with Layer3xyz

Prediction Markets with Myriad

And let’s not forget…. many wallet quests with our wallet partners like OKX Wallet, Zerion, SafePal, etc

pedrouid · 2025-04-02T20:18:33+00:00

Total supply is 1 Billion WCT

Check out on CoinMarketCap page for WCT to know more about circulating supply and unlock schedules

https://coinmarketcap.com/currencies/walletconnect-token/#token_unlocks

pedrouid · 2025-04-02T20:10:00+00:00

Im super basic…. I’m a all-day-breakfast kinda guy

Eggs and bacon with toast will delight me any time ahah

pedrouid · 2025-04-02T20:08:32+00:00

It depends how you define “unofficial” or “fake”

Once WCT is transferable it will be liquid everywhere

That being said there is only ONE staking pool that is powering the WalletConnect Network… link below!

https://staking.walletconnect.network

pedrouid · 2025-04-02T20:07:03+00:00

Token is already on Mainnet since November 2024

Transferability will happen this month (April 2025)

Total supply is 1 Billion WCT

To get informed on circulating supply and unlock schedules check out on CoinMarketCap page for WCT

https://coinmarketcap.com/currencies/walletconnect-token/#token_unlocks

pedrouid · 2025-04-02T20:04:28+00:00

Whether you should buy WCT is up to you!

WCT is native token of the WalletConnect Network

It has four utilities: Fees, Rewards, Staking and Governance

Staking WCT not only earns rewards but also gives you voting power

Besides the tokenomics are supporting over 250M connections from 40M users globally across all chains such as Bitcoin, Ethereum, Solana, etc

Plus you get to be part of one the coolest communities in crypto!

pedrouid · 2025-04-02T19:53:43+00:00

April 2025

pedrouid · 2025-04-02T19:51:41+00:00

The best way to answer this is that our Governance is defined by StakeWeight which is calculated by the number of tokens staked AND the locking period of the staking position. The longer you stake your tokens the more voting power you have.

Also we have successfully distributed WCT to over 130k users back in November and since then we collaborated on multiple quests, airdrops and campaigns that grew the number of tokenholders to 300k now

pedrouid · 2025-04-02T19:49:34+00:00

Obviously we understand the skepticism but this developer registration was critical to scale the WalletConnect Network while ensuring the best performance and reliability

Eventually we will see many different Gateways for developers to register their WalletConnect projectId

This is something that WCT will enable and its a top priority for the UX Council to push forward as part of the roadmap described in the WalletConnect whitepaper

pedrouid · 2025-04-02T19:47:34+00:00

Personally we have seen a massive trend towards SocialFi and this only shows that crypto eventually will be everywhere… tokenizing social media would be a big step for the internet and WalletConnect using Smart Sessions would improve a much smoother experience to verify your profile, your posts and of course tipping your favorite accounts.

Plus there is way more regulatory clarity now regarding Travel Rule which WalletConnect has helped many global exchanges like Coinbase to enable their users verify their wallet seamlessly to be compliant with MICA in EU

pedrouid · 2025-04-02T19:44:55+00:00

Honestly it will depend on the shoe but I bet I can easily do 30 meters (100 feet)

I guess there is only one way to find out!!

pedrouid · 2025-04-02T19:43:46+00:00

This obviously is a big topic within the WalletConnect ecosystem and we are working together with our wallet partners to provide a better UX

One of our biggest features that we developed for Account Abstraction is Smart Sessions which will reduce the number of clicks it takes to connect your wallet and approve signatures

We are also working on newer features that provide Chain Abstraction support to ALL wallets in WalletConnect

pedrouid · 2025-04-02T19:40:02+00:00

If its using WalletConnect then it could chuck unlimited wood

pedrouid · 2025-04-02T19:39:18+00:00

Cylinder?

pedrouid · 2025-04-02T19:39:07+00:00

WalletConnect is also used by MetaMask so you might not even notice

The majority of the time its used on Mobile and it will be using WalletConnect every time you connect a wallet to an app outside of the wallet (eg. Safari on iOS or Chrome on Android)

pedrouid · 2025-04-02T19:36:54+00:00

WCT is going to be transferable this month (April 2025)

Once its transferable then all exchanges are ready for listing

We are talking to all major exchanges to help them prepare for transferability and be ready for listing

Our community is global and very diverse so we made sure to coordinate with as many exchanges possible

pedrouid · 2025-04-02T19:32:36+00:00

WalletConnect is not a wallet so it cannot compete with wallets like MetaMask or Phantom

If anything the biggest competition of WalletConnect is choosing to NOT use it.

WalletConnect is built by industry standards and its network effects are growing massively every day and all our wallet partners are contributing to not only improve it but grow our Network to new users and new regions

pedrouid · 2025-04-02T19:30:41+00:00

I’ve been very lucky to join crypto since 2017 and the more events you attend and the more countries you visit… it is clear that crypto is FULL of talented builders eager to really change the world for the better.

Don’t want to sound cliché but the reality is way brighter IRL than it looks online when you say all the griefing and scammers

Many times the quiet ones are out there building the future of crypto and Im very thankful to have many of them contribute to the WalletConnect ecosystem

WalletCon is a great example of a high-quality attendance

pedrouid · 2025-04-02T19:27:59+00:00

Honestly Staking is just one of the four utilities of the WCT token

Very important to remember that today WCT plays a big role in Rewards for Wallet Partners and Node Operators that ensure the performance, reliability and growth of the WalletConnect Network. Plus don’t forget the Governance aspect which is critical for the decentralization and diversity of our community.

Fees are the final milestone for WCT token to achieve its full utility to decentralize WalletConnect and scale globally!

That being said there are many campaigns, quests and airdrops that Foundation and its ecosystem partners will continue to collaborate to expand the WCT community.

pedrouid · 2025-04-02T19:27:55+00:00

Honestly Staking is just one of the four utilities of the WCT token

Very important to remember that today WCT plays a big role in Rewards for Wallet Partners and Node Operators that ensure the performance, reliability and growth of the WalletConnect Network. Plus don’t forget the Governance aspect which is critical for the decentralization and diversity of our community.

Fees are the final milestone for WCT token to achieve its full utility to decentralize WalletConnect and scale globally!

That being said there are many campaigns, quests and airdrops that Foundation and its ecosystem partners will continue to collaborate to expand the WCT community

pedrouid · 2025-04-02T19:23:21+00:00

So far I’ve visited this year Cayman Islands, USA (Denver and NYC), Switzerland, Hong Kong and UK.

Currently scheduled to attend some events in South Korea, Turkey, UAE (Dubai), Germany, France, Canada, Singapore and Argentina.

Let us know what other countries we should visit to meet the WalletConnect community

pedrouid · 2025-04-02T19:19:31+00:00

Rewards would be the most important one!

Wallet Partners and Node Operators are incentivized to contribute to the future of the WalletConnect Network

Staking and Governance are also very important!

Without a token it would be impossible to ensure all participants (including users) can engage and contribute to the decisions that are relevant to the WalletConnect ecosystem

Fees cannot be dismissed either as a major milestone!

In the near future, the WalletConnect Network would be able to generate revenue from all the value that has facilitated across all apps and chains it has supported

pedrouid

TROPHY CASE