WalletConnect, a product for connecting Ethereum wallets, has raised $11 million in a Series A funding round co-led by Union Square Ventures and 1kx at an undisclosed valuation, according to an announcement shared with CoinDesk. The capital will help scale wallet interoperability and develop a generalized messaging layer.
- āWeb 3 isnāt complete without some form of medium to communicate between users,ā WalletConnect co-founder Pedro Gomes told CoinDesk in an email. āSince wallets essentially introduce digital identities that are portable across applications, we are able to create a shared messaging layer that isnāt owned by any particular wallet or application.ā
- āYou could imagine this today as if a Telegram user and a WhatsApp user could message each other,ā Gomes continued.
- Founded in 2018, WalletConnect now has integrations with over 100 wallets and more than 200 applications, including Twitter.
- WalletConnect is in the process of developing a multi-protocol messaging network. The first protocols will relate to direct messaging between wallet users and push notifications from apps for on- and off-chain events.
- WalletConnect previously raised a $1.25 million seed round early last year led by 1kx.
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