The development trajectory of WalletConnect Token (WCT) is undergoing significant changes. This project, which initially served only as a wallet connection protocol, is now moving towards diversification.

The WalletConnect team is actively exploring broader application scenarios for WCT. One notable direction is innovation in the payment layer. In the future, users may be able to use WCT to pay for the Gas fees of cross-chain transactions, which will greatly simplify the cross-chain operation process.

Another potential application area is authentication. By integrating with Decentralized Identity (DID) technology, WCT is expected to become a universal login credential in the Web3 world, providing users with a more secure and convenient way of identity verification.

In the DeFi ecosystem, WCT may also play an important role. Decentralized application (dApp) developers can consider using WCT as a reward mechanism to incentivize active users, thereby increasing user retention and platform activity.

If these new application scenarios can be successfully implemented, it may promote WCT from a mere "infrastructure" tool to a core component of the entire Web3 ecosystem. This transformation could not only enhance the utility of WCT but also elevate its status in the cryptocurrency market.

However, this diversified development strategy also faces challenges. Some viewpoints suggest that WCT should focus on enhancing its original connection protocol functions rather than dispersing its efforts excessively. After all, in the rapidly evolving blockchain field, maintaining core competitiveness is crucial.

In any case, the development direction of WCT will have a profound impact on the Web3 ecosystem. Whether it can successfully transition from a connection tool to the core of the ecosystem is worth our continued attention.