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In today's digital age, we often see various applications offering the option of "WeChat one-click log in." This login method is popular because it is simple, secure, convenient, and can directly access users' friends, identification, and payment information.
Now, a similar underlying channel has emerged in the Web3 space - WalletConnect. This tool can be referred to as the "super connector" behind wallets.
The functionality of WalletConnect goes far beyond simple log in. It actually activates the user’s on-chain identification, permissions, records, and tags. This is akin to traditional WeChat log in: WeChat log in brings identity authentication and credit endorsement, while WalletConnect opens up service permissions in the Web3 world.
In this ecosystem, WCT (WalletConnect Token) plays an important role. It is similar to the points or badge system in the WeChat ecosystem and is the "active credential" issued by WalletConnect in Web3. The more wallets a user connects, the broader the blockchains they use, and the deeper their interaction with decentralized applications (dApp), the more likely they are to be regarded as "high-quality on-chain users," thereby receiving the WCT badge and rewards.
The importance of WCT is self-evident. It could become a key element of "on-chain referral traffic" in the future, similar to the recommendation mechanism in the WeChat ecosystem. With the continuous development of Web3, WalletConnect and WCT may play an increasingly important role in user identification, data interoperability, and service access.
Overall, WalletConnect is building a robust connection infrastructure for the Web3 world, providing users with a more seamless blockchain experience. As this technology further develops and is applied, we may see more innovative use cases and business models emerge.