New York, United States:
WalletConnect, the web3 communications protocol firm, immediately introduced that it has raised $12.5 million in an ecosystem spherical, with participation from Shopify, Coinbase Ventures, ConsenSys, Circle Ventures, Polygon, Uniswap Labs Ventures, Union Square Ventures, 1kx, HashKey, Foresight Ventures, and others.
This press launch options multimedia. View the total launch right here: https://www.businesswire.com/news/home/20221103005006/en/
With WalletJoin, customers can merely scan a QR code to join with web2 and web3 apps utilizing their pockets. In doing so, an end-to-end encrypted connection is established, permitting the person to securely work together and signal transactions. (Graphic: Business Wire)
The ecosystem spherical lays the groundwork for WalletJoin’s future improvement, forging the strategic partnerships that may contribute to the creation of the WalletJoin Network, a decentralized communications community anchored within the WalletJoin protocol. It follows WalletJoin’s Series A spherical, co-led by Union Square Ventures and 1kx, earlier this yr in March, which was aimed toward scaling the corporate and accelerating its product pipeline.
“WalletConnect began as a neutral protocol to enable interoperability within the fragmented web3 space,” says Pedro Gomes, co-founder and CEO of WalletJoin. “As we continue to power connections between users, we are now entering the next chapter and focusing on decentralizing our infrastructure, fulfilling one of the promises of web3. This ecosystem round engages partners from across web2 and web3 to participate in the creation of the future WalletConnect Network, which will be decentralized and open to anyone who seeks to participate.”
“Web3 has unleashed a new age of internet-driven innovation,” says Hooman Mehranvar, Corporate Development Lead at Shopify. “WalletConnect is a building block in this growing ecosystem, and we look forward to collaborating with the team to help push commerce into the web3 era.”
Founded with the mission to join web3 gadgets, WalletJoin establishes an end-to-end encrypted connection between a pockets and an app, enabling the pockets person to securely work together with the app and perform actions akin to transaction signing and token authentication.
“Decentralization is a core value of ConsenSys,” says David Merin, Head of Corporate Development at ConsenSys. “Over the last few years, WalletConnect has broken down barriers to interoperability and helped fuel the web3 flywheel. We look forward to empowering them on their path to decentralization.”
To date, WalletJoin has been built-in by greater than 210 shopper and institutional wallets, together with MetaMask, Fireblocks, and Trust Wallet. On the app facet, WalletJoin has been adopted by web2 and web3 firms akin to Uniswap, OpenSea, Twitter, Stripe, and Plaid. Currently, WalletJoin is utilized by customers in 157 nations to join with web3 wallets and apps. It can be increasing its product suite with new communications APIs constructed on its interoperability infrastructure.
“WalletConnect’s growing suite of multi-chain communications APIs are unlocking a new era of innovation in web3,” says Shreyansh Singh, Head of Investments at Polygon Technology. “We share the vision to empower wallets, apps, and their users by giving developers the tools they need to create and scale extraordinary experiences. The WalletConnect Network represents a major step forward, not just for WalletConnect but web3 as a whole, and we’re thrilled to be a part of this endeavor.”
“WalletConnect and Uniswap Labs have long shared the mission of building for the long-term, collaborating openly with communities, and putting users first,” says Teo Leibowitz from Uniswap Labs Ventures. “We’re excited by WalletConnect’s growing suite of developer tools and look forward to working closely with the WalletConnect team as they enter this new chapter in their journey.”
WalletConnect just lately launched an enhanced model of its protocol, with new options akin to multi-chain help. This permits accomplice wallets to present entry to a number of blockchains, realizing the likelihood for customers to entry the whole thing of web3 from a single app. Integrations to this point embrace Fireblocks, a crypto custody expertise supplier, who just lately introduced entry to decentralized functions on the Solana, Algorand, and NEAR blockchains for its institutional shoppers by way of its WalletJoin integration.
About WalletJoin
Founded in 2018 by CEO Pedro Gomes, WalletJoin is the web3 communications protocol. WalletJoin’s suite of APIs has been built-in by over 210 wallets and 450 apps to understand interoperability throughout blockchains, bridging customers with web3’s fast-emerging merchandise and experiences. Partner wallets and apps embrace Coinbase, MetaMask, Uniswap, OpenSea, Twitter, Stripe, and Plaid. WalletJoin integrations at the moment span the Ethereum, Solana, NEAR, Neo, Stellar, Algorand, Cosmos, and different blockchains. For extra info, please go to https://walletconnect.com.
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