PANews reported on September 17 that Web3 communication protocol WalletConnect will launch its native token, WCT, on Optimism, according to The Block. WalletConnect stated that registration for the WCT airdrop will open on September 24th, with eligibility based on usage of the WalletConnect network. The initial supply of WCT tokens is capped at 1 billion, with 18.5% or 185 million tokens allocated to the first quarter airdrop. This airdrop will reportedly cover WalletConnect end users, as well as wallets, applications, nodes, software development kits, and community members who have contributed to WalletConnect's success.