{"id":272557,"date":"2022-11-03T17:00:05","date_gmt":"2022-11-03T17:00:05","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=272557"},"modified":"2022-11-03T19:25:35","modified_gmt":"2022-11-03T19:25:35","slug":"walletconnect-secures-12-5-million-in-an-ecosystem-funding-round","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/walletconnect-secures-12-5-million-in-an-ecosystem-funding-round\/","title":{"rendered":"WalletConnect secures $12.5 million in an ecosystem funding round"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Web3 communications protocol company, WalletConnect, announced raising $12.5 million in an ecosystem round, with participation from Shopify, Coinbase Ventures, ConsenSys, Circle Ventures, Polygon, Uniswap Labs Ventures, Union Square Ventures, 1kx, HashKey, Foresight Ventures, and others.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">We at WalletConnect are thrilled to announce that we have raised $12.5 million in an ecosystem round aimed at driving the next evolution in our growth!<a href=\"https:\/\/t.co\/Ea7F392KD5\">https:\/\/t.co\/Ea7F392KD5<\/a><\/p>\n<p>&mdash; WalletConnect \ud83d\udcf2 (@WalletConnect) <a href=\"https:\/\/twitter.com\/WalletConnect\/status\/1588154492465418240?ref_src=twsrc%5Etfw\">November 3, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">The recent ecosystem round lays the foundations for WalletConnect's development, forming strategic partnerships towards establishing the WalletConnect Network, a decentralized communications network based on the WalletConnect protocol, according to a press release released to CryptoSlate.\u00a0<\/span><\/p>\n<blockquote><p><em><span style=\"font-weight: 400;\">\u201cWeb3 has unleashed a new age of internet-driven innovation,\u201d said Hooman Mehranvar, <\/span><span style=\"font-weight: 400;\">Corporate Development Lead at Shopify. \u201cWalletConnect is a building block in this growing <\/span><span style=\"font-weight: 400;\">ecosystem, and we look forward to collaborating with the team to help push commerce into the W<\/span><span style=\"font-weight: 400;\">eb3 era.\u201d<\/span><\/em><\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">The recent funding round follows WalletConnect's <\/span><a href=\"https:\/\/www.globenewswire.com\/news-release\/2022\/05\/18\/2446253\/0\/en\/Web3-0-Wallet-BitKeep-Completes-Series-A-Funding-with-over-15-Million-Raised.html\"><span style=\"font-weight: 400;\">Series A round<\/span><\/a><span style=\"font-weight: 400;\"> last March, co-led by Union Square Ventures and 1kx, aiming to accelerate its product pipeline and scale the company.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Some recent developments from wallet connect<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">In 2018, Pedro Gomes founded WalletConnect to establish an encrypted connection between any two parties on any blockchain. The protocol has integrated more than 210 wallets and over 450 apps and services, including MetaMask, Uniswap, OpenSea, Twitter, Stripe, and Plaid. Further, the platform serves over 157 countries to connect with web3 wallets and apps.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Recently, WalletConnect has also released a new version of its protocol that provides access to multiple blockchains. As a first step, the protocol recently integrated Fireblocks on its platform, enabling Fireblocks users to securely and efficiently access all dApps built on Algorand through its platform.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Access to <a href=\"https:\/\/twitter.com\/hashtag\/DeFi?src=hash&ref_src=twsrc%5Etfw\">#DeFi<\/a> on <a href=\"https:\/\/twitter.com\/Algorand?ref_src=twsrc%5Etfw\">@Algorand<\/a> is now available on Fireblocks! Fireblocks users can now securely and efficiently access all dApps built on Algorand through <a href=\"https:\/\/twitter.com\/WalletConnect?ref_src=twsrc%5Etfw\">@WalletConnect<\/a>. Read on \u2192 <a href=\"https:\/\/t.co\/vNCPf57KO2\">https:\/\/t.co\/vNCPf57KO2<\/a> <a href=\"https:\/\/twitter.com\/jasonleecj?ref_src=twsrc%5Etfw\">@jasonleecj<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24ALGO&src=ctag&ref_src=twsrc%5Etfw\">$ALGO<\/a> <a href=\"https:\/\/t.co\/ug1kFMNxq3\">pic.twitter.com\/ug1kFMNxq3<\/a><\/p>\n<p>&mdash; Fireblocks (@FireblocksHQ) <a href=\"https:\/\/twitter.com\/FireblocksHQ\/status\/1559904671623704578?ref_src=twsrc%5Etfw\">August 17, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Web3 communications protocol company, WalletConnect, announced raising $12.5 million in an ecosystem round, with participation from Shopify, Coinbase Ventures, ConsenSys, Circle Ventures, Polygon, Uniswap Labs Ventures, Union Square Ventures, 1kx, HashKey, Foresight Ventures, and others. The recent ecosystem round lays the foundations for WalletConnect&#8217;s development, forming strategic partnerships towards establishing the WalletConnect Network, a decentralized [&hellip;]<\/p>\n","protected":false},"author":1393,"featured_media":272559,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46940,60206,77252],"tags":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>WalletConnect secures $12.5 million in an ecosystem funding round<\/title>\n<meta name=\"description\" content=\"The funding round lays the foundations for WalletConnect&#039;s development by establishing the WalletConnect Network.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/walletconnect-secures-12-5-million-in-an-ecosystem-funding-round\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WalletConnect secures $12.5 million in an ecosystem funding round\" \/>\n<meta property=\"og:description\" content=\"The funding round lays the foundations for WalletConnect&#039;s development by establishing the WalletConnect Network.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/walletconnect-secures-12-5-million-in-an-ecosystem-funding-round\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-03T17:00:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-03T19:25:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/11\/walletconnect.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Soumen Datta\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Soumen Datta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/walletconnect-secures-12-5-million-in-an-ecosystem-funding-round\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/walletconnect-secures-12-5-million-in-an-ecosystem-funding-round\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/soumen-datta\/#person\",\"name\":\"Soumen Datta\",\"url\":\"https:\/\/cryptoslate.com\/author\/soumen-datta\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/soumen-datta\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/soumen-datta\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/cs-soumen.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/cs-soumen.jpg\",\"caption\":\"Soumen Datta\"},\"jobTitle\":\"Journalist\",\"description\":\"Soumen is a dedicated researcher and writer in the field of cryptocurrencies, DeFi, NFTs, and GameFi projects. 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