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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
A crypto assets investor encountered the unfortunate event of having 30 Ether stolen last year, which caused him great concern about the security of digital assets. However, this year, by using a Ledger hardware wallet combined with WalletConnect technology, he not only rebuilt his confidence in crypto asset storage but also unexpectedly gained substantial profits.
This innovative combination enables users to conduct crypto asset transactions as conveniently as using mobile payments, simply by scanning a QR code to complete the connection, eliminating the hassle of repeatedly plugging and unplugging hardware wallets. Behind this technological advancement is WCT (WalletConnect Token) quietly playing its role.
WCT is gradually transforming from a purely functional token into the incentive core of the entire security ecosystem. It strengthens its value through various applications: hardware wallet manufacturers need to stake WCT to gain priority access to new protocols; users can receive WCT rewards after conducting transactions using cold wallets. This mechanism design means that the more widely WCT is used, the greater the amount that is destroyed and locked, thereby increasing its scarcity.
In the Web3 world, security issues have always been the biggest pain point. High-net-worth users choose to use hardware wallets for security reasons, and WalletConnect has become the necessary bridge connecting hardware wallets to various decentralized applications. In this process, WCT plays a key role in stabilizing this bridge.
As more users recognize the importance of security, the value of WalletConnect and WCT may become even more prominent. This not only provides users with a safer trading environment but also builds a solid moat for WCT. In the future crypto assets ecosystem, the balance between security and convenience will continue to be a key issue, and innovative solutions like WalletConnect will undoubtedly play an increasingly important role.