WalletConnect Raises $11M to Build Messaging Layer for Web3

WalletConnect, a web3 infrastructure startup that connects crypto wallets with DeFi applications, has raised $11 million in a Series A funding round co-led by Union Square Ventures and 1kx. In addition to Union Square Ventures and 1kx, other venture capital firms to participate in the round included Coinbase Ventures, Buckley Ventures, Zerion. Prominent angel investors were also there such as Alex Svanevik, Eric Conner, Vadim Koleoshkin, Arjun Bhuptani, Joel Thorstensson, Matias Woloski, Scott Moore, Spencer Yang, Han Hua, Jin Chung, Mike Demarais, Christian Baroni, Bruno Barbieri, Alexander Salnikov, Viktor Bunin, Mara Schmiedt, Wayne Chang, Gregory Rocco, Anna Rose, Ajit Tripathi and Alex Harley. The Series A round brings WalletConnect’s total valuation to $12.25 million. The company previously raised $1.25 million in a seed round led by 1kx in April 2021. We are happy to announce that we have raised 11M to build out the messaging layer for Web3 🚀https://t.co/MXVnX5K2nj — WalletConnect 📲 (@WalletConnect) March 8, 2022 WalletConnect is in the process of developing a multi-protocol messaging network that will allow WalletConnect wallets to message each other. The company is also working on building a push notifications protocol from apps for both on-chain and off-chain events. Founded in 2018, WalletConnect has integrations with over 100 wallets and more than 200 applications, including Twitter.

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