Brave Formed an Alliance with Solana
Announcing the news today in Lisbon at Solana’s Breakpoint conference, Brendan Eich, CEO and co-founder of Brave and BAT, and Anatoly Yakovenko, CEO and founder of Solana Labs, detailed how the companies will work together to bring best-in-class wallet features for the Solana blockchain into Brave’s Web3 desktop and mobile browsers in the first half of 2022.
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. Brave will soon default to Solana for cross-chain and Solana native DApps.
The Solana blockchain enables faster low-fee transactions which help in the adoption of DeFi and Web3. High transaction fees seen on Ethereum (due to increased interest in crypto and DeFi) have held some users back from transacting. Solana is the fastest blockchain in the world and provides the opportunity to scale blockchain transactions for as little as $0.001 – $0.002 USD per transaction, providing significant cost savings for users.
Solana is also the fastest growing ecosystem and the integration of Solana into the Brave browser is a direct result of user and developer demand.
“With more and more users and creators requiring tools for fast and affordable access to the decentralized Web, this integration will seamlessly pave the way for the next billion crypto users to harness applications and tokens,” said Brendan Eich, CEO and co-founder of Brave.
“For billions of people, the mobile web will be their gateway to Web3,” said Anatoly Yakovenko, CEO of Solana Labs. “Deep integration with browsers is key to helping DApps build the best web experiences. Brave’s announcement of Solana wallet support across all versions of their browsers is an important step to onboard the next billion users to Solana.”
The integration will also enable the Solana DEX aggregator for swaps (swap within Solana network), NFT support, sending SPL tokens, and creating accounts.
Solana will also enable the implementation of the Themis protocol developed by Brave on the Solana Network, a key milestone in the BAT 2.0 Roadmap. Solana will encourage developers to promote BAT on DApps built on Solana and on the Solana network in general.
Brave stands to be the privacy focused choice for access to Web3. Brave users on mobile devices will be able to access Web3 in an environment that is more protected. Wallet address leaks are becoming a concern for Web3 users, and Brave Shields protections give users a better alternative to existing Web3 wallets on mobile.
Brave continues to support Ethereum and intends to integrate support for additional blockchains within the Brave browser over time, and believes a blockchain-agnostic multi-chain wallet will be a key driver in mainstream crypto and DeFi adoption.
About Brave
Brave Software’s fast, privacy-oriented browser, combined with its blockchain-based digital advertising platform, is reinventing the Web for users, publishers, and advertisers. Users get a private, speedier web experience with much longer battery life, publishers increase their revenue share, and advertisers achieve better conversion. Users can opt into privacy-respecting ads that reward them with the Basic Attention Token (BAT), a frequent flyer-like token they can redeem or use to tip or contribute to publishers and other content creators. The Brave solution is a win-win for everyone who has a stake in the open Web and who is weary of giving up privacy and revenue to the ad-tech intermediaries. Brave currently has over 42 million monthly active users and 1.3 million Verified Publishers. Brave Software was co-founded by Brendan Eich, creator of JavaScript and co-founder of Mozilla (Firefox), and Brian Bondy, formerly of Khan Academy and Mozilla.
About Solana
Solana is the most performant blockchain in the world. It gives developers the confidence to build for the long term by delivering predictable scaling without compromising security or composability. Solana’s performance is driven by intra-shard parallelism, which is capable of processing thousands of smart contracts at once, and by Proof of History, an innovation in distributed timekeeping that unlocks low-latency, sub-second finality across the global state.
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