According to BlockBeats, on September 17, The Block reported that the Web3 communication protocol WalletConnect will launch its native token WCT on Optimism. WalletConnect stated that registration for the WCT airdrop will open on September 24, and airdrop qualifications are based on the usage of the WalletConnect network.

WalletConnect CEO Houlgrave said the initial supply of WCT tokens is capped at 1 billion, of which 18.5%, or 185 million tokens, will be allocated to the first quarter airdrop. Houlgrave said the airdrop will cover WalletConnect's end users, as well as wallets, applications, nodes, software development kits, and communities that have contributed to WalletConnect's success.