According to TechFlow, on September 17, The Block reported that the Web3 communication protocol WalletConnect announced that it would issue its native token Connect Token (WCT) on the Optimism mainnet. The initial supply of WCT tokens is capped at 1 billion, of which 18.5% will be used for airdrops in the first quarter. Airdrop registration will open on September 24 and end on October 11. Eligible users need to connect their wallet, link their GitHub account, and provide an email address. WCT tokens will initially be non-transferable, and full functionality is expected to be activated through community governance by 2025. At the same time, WalletConnect Inc. was renamed Reown, and the WalletConnect Foundation was established, with founder Pedro Gomes serving as a director of the foundation.