In the Web3 world, we are witnessing an unprecedented transformation. WalletConnect, the free tool we use every day, may be quietly becoming the "tax authority" of this emerging digital nation. This perspective may be surprising, but upon careful consideration, its rationale gradually becomes evident.

WalletConnect has now become the industry standard, serving over 50 million active users, connecting more than 700 wallets and 70,000 applications. Through the CAIP standard, it natively supports all major ecosystems including EVM, Solana, and Cosmos, achieving true cross-chain universality. More importantly, it is gradually building a decentralized network operated by the community, supported by a growing group of Service Nodes.

WalletConnect has the potential to become a "tax" asset, mainly based on the following points:

First of all, it almost monopolizes the most fundamental "connection" behavior in the Web3 world, creating a network effect stronger than any single public chain. Secondly, as such a critical entry point, it must remain decentralized. Providing Relay services through nodes that stake WCT tokens is the only way to ensure neutrality and security, which creates the most basic demand for WCT.

Finally, a community-maintained network will inevitably require an economic source to incentivize nodes. The "protocol fees" mentioned in the white paper are likely to be the future "tax revenue" source for this network nation. Once these fees are collected, they will be directly returned to WCT stakers.

The current WCT token can be seen as the original stock before the issuance of this "network nation". Its value may not yet fully reflect its future large "tax base".

However, the key question remains: Will WalletConnect open protocol fees in the future? This decision will directly affect the value of WCT and the development direction of the entire ecosystem. In any case, the evolution of WalletConnect from a simple connection tool to a potential Web3 infrastructure is worth our continuous attention and in-depth consideration.