Brave browser introduces built-in crypto wallet
Brave has updated its desktop browser with a built-in crypto wallet called Brave Wallet that lets you buy, sell, and swap tokens.
The wallet supports all EVM-compatible blockchains
Brave Wallet allows you to buy tokens through Wyre, tracks portfolio performance, swaps a wide range of tokens, and stores non-fungible tokens (NFT). It is self-custodial, meaning wallet users hold their private keys. It supports all tokens that are compatible with the Ethereum Virtual Machine. Providing a trading function also opens up new revenue streams for Brave. The company plans to collect 0.875% of all token swaps initiated through the wallet interface, which is the same as MetaMask's swap fee.The wallet is available through the settings page in Brave 1.32. The company says it will also be available "soon" in Brave's mobile browsers. Brave also plans to support other blockchains in the future. The press release states that the Brave Wallet is under an open MPL license. This means that developers can view the wallet's source code and continue working on it.
A logical decision by Brave
Brave is a privacy browser that allows users to block ads, trackers, and cross-site cookies. In addition, users can use BAT, the native token for the Brave browser, to tip their favourite content creators on platforms like Twitter. These features are available to all 42 million monthly active users and 1.3 million content creators. Brave's decision to create its own wallet is logical, as the browser is already very active in the crypto space. The BAT token, for example, is designed to improve the way ads are served, and Brave browser users are also rewarded for their participation in the project with BAT.More recently the browser announced a partnership with Solana to offer blockchain support directly through the browser. The announcement was made during Solana's Breakpoint conference, where Brave CEO Brendan Eich praised the scalability and functionality that Solana would offer Brave users. According to Brave Eich, supporting Solana by default will help provide fast and affordable access to the decentralized web and "pave the way for the next billion crypto users." Brave will complete integration with Solana in the first half of 2022.
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