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[New Fundraising] WalletConnect raises $11 million to build web3's messaging layer
WalletConnect is an open protocol that securely communicates between wallets and Dapps (Web3 Apps). A bridge server is used to relay payloads, which are encrypted with a shared key between the two peers. The connection is initiated by one peer displaying a QR Code or deep link with a standard WalletConnect URI and is established when the counter-party approves the connection request. An optional Push server can also be used to allow native applications to notify the user of incoming payloads for established connections.
More about WalletConnect: https://www.rootdata.com/Projects/detail/WalletConnect?k=MTkyNA%3D%3D
Source: https://reown.com/blog/walletconnect-raises-11-million-to-build-out-the-messaging-layer-forweb3
BY RootData

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