According to Foresight News, WalletConnect announced that it will be renamed Reown and will continue to be led by CEO Jess Houlgrave. At the same time, the project plans to launch a native token, Connect Token (WCT), which will be launched on the OP mainnet. Registration for the WCT airdrop will open on September 24. The airdrop qualification structure is based on the usage of the WalletConnect network.
Meanwhile, the newly formed WalletConnect Foundation will manage the WalletConnect protocol. WalletConnect founder Pedro Gomes joins the foundation as a director. He is also accompanied by Yessin Schiegg. Yessin was a member of the board of directors of the Ethereum Foundation and most recently served as the CFO of the Near Foundation.