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WalletConnect Foundation Banks $10 Million Funding Round

The startup behind the wallet UX protocol scored new funding from a host of sources.
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Feb 21, 2025 • 1 min read

The WalletConnect Foundation has successfully raised $10 million from a series of oversubscribed token sales. The fundraising, which took place on platforms like Bitget's LaunchX, CoinList, and Echo, attracted tens of thousands of participants, far surpassing the anticipated demand. These funds are intended to support the expansion of WalletConnect's operations and its move towards full permissionlessness.

What’s the Scoop?

  • Rapid Fundraising Success: The WalletConnect Foundation raised $10 million through multiple oversubscribed token sales, underscoring strong investor interest.
  • High Demand: The Bitget LaunchX community round hit its $4 million target within two hours with $170 million committed, emphasizing investor confidence.
  • Future Developments: The funds will be used to expand operations, hire talent, and support ecosystem initiatives for WalletConnect’s protocol.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

Published in Bankless

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