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WalletConnect Foundation has successfully raised $10 million from a series of oversubscribed token sales. The fundraising, which took place on platforms like Bitget's LaunchX, CoinList, and Echo, attracted tens of thousands of participants, far surpassing the anticipated demand. These funds are intended to support the expansion of WalletConnect's operations and its move towards full permissionlessness.
What’s the Scoop?
- Rapid Fundraising Success: The WalletConnect Foundation raised $10 million through multiple oversubscribed token sales, underscoring strong investor interest.
- High Demand: The Bitget LaunchX community round hit its $4 million target within two hours with $170 million committed, emphasizing investor confidence.
- Future Developments: The funds will be used to expand operations, hire talent, and support ecosystem initiatives for WalletConnect’s protocol.
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