Brave, the privacy-focused online browser, is expanding into Web3. After originally revealing its Solana plans in November 2021, the organization announced that the 1.39 desktop update is compatible with the Solana blockchain and its SOL and SPL coins. (SPL tokens are equivalent to ERC-20 tokens on Ethereum.)
The Brave digital wallet in the latest browser version can be used to purchase, transfer, and hold SOL and SPL tokens via the non-custodial payment service Ramp. Ramp enables users to buy cryptocurrency straight from their Brave digital wallet rather than via an exchange like Binance or Coinbase and then move it to a wallet.
“With the Ramp interface, Brave users would be able to spend more time doing what they enjoy and less time on what was previously a laborious process of converting their fiat dollars to crypto,” said Greg McEwan, Ramp’s head of marketing, in the release.
Brave is also broadening the scope of its crypto incentives token, the Basic Attention Token (BAT). By opting in to see adverts while surfing, Brave users may earn BAT. BAT has around 55 million active monthly users, according to Brave.
If delivered using Solana’s Wormhole bridge, the Ethereum and EVM compatible token may be wrapped and utilized as an SPL token.
BAT holders will be able to use the token to purchase and sell NFTs on the Solana NFT marketplace Magic Eden in the future.
Brave noted Solana’s cheap costs and rapid transaction speeds as reasons for partnering with the blockchain in one of the news articles about Solana.
The Brave Browser is not the first browser to enter the Web3 Space. In 2018, Opera released the world’s first browser with an integrated digital wallet, allowing users to transmit cryptocurrency and NFTs straight to others. They also announced agreements with Handshake, NEAR, Polygon, and Solana and integrated blockchain technology, which is Ethereum.
Author: To The Verge Team
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