WalletConnect raises $ eleven million in the Series A round

WalletConnect, an application that will allow end users to connect crypto wallets with a straightforward QR scan, has announced that it has efficiently raised $ eleven million in a Series A round.

The Series A round was led by Union Square Ventures and 1kx. Other names involve Coinbase Ventures, Semantic Ventures, Zerion, and angelic traders such as Alex Svanevik, Eric Conner, Arjun Bhuptani, Viktor Bunin, Mara Schmiedt, Anna Rose, and Ajit Tripathi.

This funding round, shared by Pedro Gomes (co-founder of the task), will assistance WalletConect make a decentralized interactive layer for the crypto wallet solution array. This interactive layer will assistance end users to greater update the DeFi marketplace, arrays this kind of as DAO or NFT.

WalletConnect says it is also arranging to problem tokens:

“The release of the token will help our infrastructure and service providers to be able to interact better with lower latency.”

To meet the approaching roadmap, the Gomes co-founder shared that he will have to have to improve the group dimension to 24 individuals by the finish of this yr.

The Series A round brings WalletConnect’s complete raised to $ twelve.25 million. Before that, the task also raised about $ one.25 million in Seed Round and was also led by 1kx in 2021.

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