WalletConnect is integrating Wormhole’s Native Token Transfers (NTT) framework to take its WCT token beyond Optimism to Ethereum mainnet. This integration will ensure WalletConnect’s utility and governance token maintains its native properties while enabling seamless interoperability across ecosystems.
What is WalletConnect?
WalletConnect is a connectivity protocol that powers the onchain UX ecosystem through its network of tools for users, apps, and wallets. Since launching in 2018, WalletConnect has powered over 150 million connections for more than 24 million users across 600 wallets and 40,000 applications, spanning multiple blockchain networks.
The WalletConnect Token (WCT) is the native utility and governance token for the WalletConnect Network, initially launched on Optimism’s OP Mainnet. WCT serves four key functions: network fees, rewards for network participants, staking for security and governance weight, and governance participation. The token enables community members to have a stake in the future of onchain UX, shaping user experience standards across crypto.
What is NTT?
Wormhole’s Native Token Transfers (NTT) is an open and composable framework for seamlessly transferring native tokens across blockchains while preserving their intrinsic properties. NTT is already powering natively multichain tokens for leading projects such as Sky, Lido, JitoSOL, ether.fi, Stakewise, and Wormhole's W token, demonstrating its industry-wide impact and reliability. With WalletConnect, another leading protocol joins the ranks of NTT adopters.
Why NTT?
By leveraging Wormhole’s NTT framework, WCT ensures WalletConnect can scale seamlessly across Optimism and Etherem, eliminating liquidity fragmentation. With NTT, projects maintain full control over their tokens’ behavior on each chain, including aspects such as customizability, metadata management, and ownership or upgradeability. This ensures compatibility with any token standard or governance system, offering unparalleled flexibility and adaptability.
Take Your Token Multichain with NTT
NTT is already being used by some of crypto’s most systemically important assets, like Lido’s wstETH and Sky’s (formerly Maker) USDS, to unify users and liquidity.
Check out the Wormhole NTT Docs, or get in touch to go multichain and grow your token’s reach with an open and flexible standard trusted by the industry’s leading crypto assets.
Learn More
Learn more about NTT in a 15-minute workshop given by Wormhole Foundation Product Lead, Nikhil Suri.
About Wormhole
Wormhole is the leading interoperability platform that powers multichain applications and bridges at scale. Wormhole provides developers access to liquidity and users on over 30 of the leading blockchain networks, enabling use cases that span DeFi, NFTs, governance, and more.
The wider Wormhole network is trusted and used by teams like Circle and Uniswap. To date, the platform has facilitated the transfer of over 50 billion dollars through over 1 billion cross-chain messages. To learn more about Wormhole, follow on X, join the Discord, or read more on the blog.