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Many people believe that the entry point to Web3 is well-known exchanges like Binance or OKX, but that's not the case. The real entry point is actually the "connect Wallet" button that we use in our daily lives. Behind this seemingly ordinary function lies a powerful infrastructure - WalletConnect.
WalletConnect is not just an ordinary Wallet application or decentralized application (DApp), but rather a key middleware that can be likened to a toll booth on the highway of the Web3 world. Whenever a user clicks "Connect Wallet", WalletConnect performs three core functions: verifying the user's on-chain identity, granting the appropriate permissions, and establishing a secure communication channel between different blockchains and applications.
The importance of WalletConnect lies in the fact that it serves not just a single application, but has become a necessary path for almost all Web3 applications. It simultaneously plays the roles of a traffic entry point, identity authentication standard, and cross-chain communication bridge, which makes it occupy a unique and important position in the Web3 ecosystem.
If the traffic in the Web2 era was mainly concentrated on search engines and social media platforms, then in the Web3 era, the real traffic hub is that simple "Connected" prompt provided by WalletConnect. This seemingly insignificant action is actually the first step for users to enter the Web3 world and a key link in the operation of the entire ecosystem.
With the continuous development of Web3 technology and the expansion of application scenarios, the importance of WalletConnect may further increase. For investors and developers who focus on Web3 development, understanding and paying attention to the development trends of this infrastructure will help seize future opportunities.