Recently, WalletConnect launched its Token WCT, which is not only an important milestone in the development of its ecosystem but also marks its shift towards a decentralized community governance model. The newly established WalletConnect Foundation will take on the important responsibility of overseeing the protocol's development, dedicated to ensuring the network's stable rise, security, degree of decentralization, and scalability.

In order to promote the operation and governance of the network, the WalletConnect Foundation will collaborate with several key participants in the blockchain industry during the initial stages. These partners include Consensys, Kiln, Ledger, Luga Nodes, 1kx, Figment, and Sensei Nodes, which will serve as the first third-party node operators to jointly participate in the operation of the network.

In terms of personnel, WalletConnect's founder Pedro Gomes will serve as a director of the foundation. Meanwhile, the experienced Yessin Schiegg has been appointed as the Chief Financial Officer (CFO) of the foundation. Schiegg previously served as a director at the Ethereum Foundation and was also the CFO of the Near Foundation, and his addition is expected to bring valuable governance and financial experience to the WalletConnect Foundation.

This series of measures demonstrates WalletConnect's commitment to moving towards greater Decentralization. By introducing a Token economic model and establishing an independent foundation, WalletConnect is laying the groundwork for the long-term sustainable development of its ecosystem. This not only helps to enhance the security and stability of the network but will also bring more opportunities and value for users and developers to participate.