What is WalletConnect Association?
WalletConnect provides a global infrastructure for crypto and stablecoin payments, processing billions in transactions monthly. Their solutions are designed for seamless integration into existing payment service provider (PSP) systems, serving both point-of-sale and e-commerce environments. The company targets merchants and PSPs, offering a user-friendly platform that supports any wallet and asset. WalletConnect's focus on reducing costs and accelerating settlements aims to revolutionize everyday commerce through its expansive network.
How much funding has WalletConnect Association raised?
WalletConnect Association has raised a total of $12.5M across 1 funding round:
Other Financing Round
$12.5M
Other Financing Round (2022): $12.5M with participation from ConsenSys, Polygon, Shopify, Circle Ventures, and Coinbase
Key Investors in WalletConnect Association
ConsenSys
ConsenSys is a blockchain software company that develops tools and infrastructure for applications built on the Ethereum network, providing platforms for developers, enterprises, and users to build decentralized applications (dApps), manage digital assets, and access decentralized finance (DeFi) services.
Polygon
Polygon is a prominent blockchain scaling solution provider, focused on enhancing the scalability and user experience of Ethereum-compatible blockchain networks.
Shopify
Shopify Inc. is a Canadian multinational e-commerce company providing a software platform for online stores and retail point of sale systems, enabling brands to sell, ship, and process payments.
What's next for WalletConnect Association?
The substantial enterprise-level capital infusion positions WalletConnect Association for significant scaling and further development of its payment infrastructure. This strategic investment is likely to accelerate the expansion of its network, enhance its technological capabilities, and broaden its market reach within the cryptocurrency and stablecoin payment ecosystem. Future initiatives may include deeper integrations with traditional financial systems and further innovation in decentralized payment solutions.
See full WalletConnect Association company page
