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Brave Has Announced The Addition Of Crypto Wallet To Its Web Browser

Brave has announced the addition of a native cryptocurrency wallet to its web browser, which replaces the previous one, which was based on the MetaMask wallet extension. Most users should be able to buy, sell, and trade cryptocurrencies like Ethereum, store their NFTs, keep track of how much coins are selling for, and experience the magic of Web3, or websites that have built-in blockchain features, with it (depending on which blockchain they use; more on that in a second).

Brave also claims that its built-in wallet will consume fewer CPU resources than extension-based wallets (such as the aforementioned MetaMask) and will be less vulnerable to phishing or efforts to steal NFTs.

The wallet appears to be mostly compatible with Ethereum or Ethereum-based blockchains (ones that support EVM, like Polygon, or Layer 2 systems designed to make transactions significantly faster). That means you can’t currently buy some of the other popular cryptocurrencies from within the wallet, such as Dogecoin or Bitcoin (though you can buy wrapped Bitcoin, which is essentially an Ethereum token whose value is tied to Bitcoin’s). But, as many NFTs are kept on Ethereum, you can at least utilise Brave Wallet to store them. Brave also claims to be working on providing support for Bitcoin and other blockchains.

Brave has been following the blockchain and the websites built on it for quite some time. It began recommending that customers install MetaMask if they found themselves on a website that could link to the blockchain to give additional functionality years ago (usually related to payments). Brave is now gaining built-in support for these Web3 sites (or “dapps,” a portmanteau of “decentralised apps” and a word I dearly hope to never hear pronounced aloud in real life). It has also just introduced support for decentralised technology, which some hope may keep NFTs from disappearing if an image-hosting site goes down.

Brave says the wallet functionality will be limited to its desktop browser for the time being, but it hopes to expand it to its Android and iOS versions in the future (though it cautions that iPhone users will likely be unable to utilise blockchain-based websites at launch). It’s always possible that Brave will run into issues with Apple’s App Review, though the firm doesn’t appear to be actively opposed to crypto at the moment – MetaMask has an iOS app, and Tim Cook has stated that he’s invested in bitcoin and finds NFTs “interesting.”

Given that Brave has paid users in blockchain tokens since its inception (which, of course, may be saved in the Brave Wallet), it seems to reason that it will continue to develop services for crypto enthusiasts. Based on the browser’s long-standing support for blockchain currencies and applications, it’s likely that a sizable portion of Brave users will enjoy a crypto wallet — as long as they’re willing to import their crypto assets, which Brave’s tool does support for other self-custody or certain hardware wallets.