The altcoin powering a privacy-focused web browser is skyrocketing after the announcement of an extension-free crypto wallet.
Anti-ad web browser Brave, powered by the Basic Attention Token (BAT), recently announced the release of BRAVE Wallet, sparking a 37% rally for the browser’s utility token, sending the crypto asset from a 24-hour low of $1.32 to $1.81.
“Today, we launched the Brave Wallet, a crypto wallet built into the Brave desktop browser, enabling Brave users to store, manage, grow, and swap their crypto portfolio from a single wallet.
Unlike most crypto wallets, the Brave Wallet does not require extensions; it’s browser-native, reducing security risks and reliance on extra CPU and memory.”
Brave says the wallet can be used to see CoinGecko crypto charts, exchange non-fungible tokens (NFTs), purchase digital assets with fiat currencies and interact with decentralized applications (DApps) on any Ethereum Virtual Machine (EVM) network.
BAT’s announcement comes on the heels of the company partnering with smart contract platform Solana (SOL), granting millions of Brave users and creators access to SOL’s vast decentralized finance (DeFi) network.
“Brave will integrate the Solana blockchain into the Brave browser, providing default Solana ecosystem support to Brave’s 42 million monthly active users and 1.3 million verified Creators.”
BAT has since stabilized and is exchanging hands at $1.47 time of writing.
