The Brave browser continues to establish itself as the crypto-native’s web browser of choice, by adding support for the Solana blockchain earlier this week.
Broadening the gateway to Web3
The popular browser’s latest version 1.39 release for desktop now supports Solana and its SOL and SPL tokens. Through integration with Ramp, a non-custodial payment system, the browser can now be used to buy SOL with fiat currency. This release brings to fruition a collaboration between Brave and Solana that was first announced last November.
As well as providing greater web3 access, the partnership with Solana will mean lower transaction fees and faster processing times for Brave users in connecting with Solana’s ecosystem.
At the time, Brave co-founder and CEO Brendan Eich said that the integration would “seamlessly pave the way for the next billion crypto users to harness applications and tokens”. The mobile web is seen as a key component in facilitating access to Web3 and this type of integration is necessary if new users are to be onboarded. Brave has more than 24 million monthly active users and 7 million daily active users.
Magic Eden support incoming
In publishing details of this latest release, Brave also announced a partnership with Solana NFT marketplace, Magic Eden. One of the goals that Brave set out at the beginning of the year was to increase support for its native token, BAT (Basic Attention Token), within NFT marketplaces.
BAT is an Ethereum-based token which has already achieved real world use and adoption. There is a convoluted way in which the BAT token can be wrapped and used as an SPL token on Solana, however, the purpose of the collaboration is to provide for more seamless use of the BAT token on the Magic Eden marketplace. Furthermore, once enabled in a future browser release, BAT token holders will be able to buy and sell NFTs on Magic Eden.
Brave is unmatched among browser software providers in embracing web3. Since 2019 users have been rewarded in BAT tokens in return for viewing ads on the browser. It has integrated the InterPlanetary File System (IPFS) - a distributed system for storing and accessing files, applications, websites and data. Brave was the first company to build a secure crypto wallet right in the browser. It has also enabled native browser support for blockchain domain name company, Unstoppable Domains.
This content is for informational purposes only and is not investment advice. You should consult a qualified licensed advisor before engaging in any transaction.