WalletConnect Foundation Secures 10M USD

WalletConnect Foundation Raises $10 Million in Oversubscribed Token Sales

• The WalletConnect Foundation raised $10 million from four oversubscribed token sales.
• Sales occurred on Bitget’s LaunchX, CoinList, Echo, and a private sale with strategic partners.
• The Bitget LaunchX round hit its $4 million target within two hours, with 40,000 investors pledging over $170 million.
• A private sale on Echo led by the Tea Club sold out its $500,000 target in 11 seconds.
• The funds will support WalletConnect’s operations, team expansion, and ecosystem initiatives.

The WalletConnect Foundation successfully raised $10 million through four oversubscribed token sales. The funds will be used to expand operations and support ecosystem initiatives as the network advances toward full permissionlessness.