Following the announcement of an extension-free crypto wallet, the altcoin powering a privacy-focused web browser has skyrocketed.
Brave, the anti-ad web browser powered by the Basic Attention Token (BAT), recently announced the release of Brave Wallet, sparking a 37 percent rally for the browser’s utility token, sending it from a 24-hour low of $1.32 to $1.81.
“We launched the Brave Wallet today, a crypto wallet built into the Brave desktop browser that allows Brave users to store, manage, grow, and swap their crypto portfolio from a single wallet.”
The Brave Wallet, unlike most crypto wallets, does not require extensions; it is browser-native, reducing security risks and reliance on extra CPU and memory.”
The wallet, according to Brave, can be used to view CoinGecko crypto charts, exchange non-fungible tokens (NFTs), buy digital assets with fiat currencies, and interact with decentralized applications (DApps) on any Ethereum Virtual Machine (EVM) network.
BAT’s announcement follows the company’s collaboration with smart contract platform Solana (SOL), which provided millions of Brave users and creators with access to SOL’s vast decentralized finance (DeFi) network.
“Brave will integrate the Solana blockchain into the Brave browser, providing Brave’s 42 million monthly active users and 1.3 million verified Creators with default Solana ecosystem support.”
BAT has since stabilized and is currently trading at $1.47 at the time of writing.