Privacy enabled, Brave software introduced a new crypto wallet that facilitates users to store, manage, grow as well as trade their portfolio from a single wallet. According to the press release, the self-custody wallet is built on its own Web3 enabled desktop browser. In addition to that, the newly launched wallet enables users to link with prominent hardware wallets such as Trezor and Ledger.
The latest announcement is a clear indication of Brave to replace its own native crypto wallet and challenge its rivals such as Metamask. Brave claims that the new feature enables users to have seamless accessibility to Web3 decentralized applications [DApps] without the additional requirement of installing browser extensions, as opposed to other crypto wallets. The blog post further reveals the use cases of the new product as well as what users can expect. These are:
- See live and historical market graphs [price data powered by CoinGecko]
- Find the best price match against a list of providers with built-in swap functionality
- Send and receive assets
- Buy with fiat via Wyre
- Interact with DApps for any EVM compatible network
- Manage their portfolio — with non-fungible token [NFT] and multi-chain support
- Easily import their wallet from MetaMask and self-custody wallets, or Brave’s legacy Crypto Wallets extension, or hardware wallets such as Trezor and Ledger [no Ledger Live required]
- Send and receive NFTs
Brave Software to boost DApps adoption
With regards to the features of the wallet, Brave’s co-founder Brain Bondy said,
One of the hurdles is the crypto wallet industry’s reliance on extensions, which introduces friction for DApp adoption and often leads to users losing funds via fake extension phishing scams. The Brave Wallet requires no extensions and is instead browser-native, removing key performance and security concerns while preserving the core features of popular crypto wallets. The Brave Wallet offers our over 42 million users, and anyone seeking a crypto wallet without extensions, a high-performance, highly secure, and full-featured wallet built for today’s crypto user.
Earlier this month, the privacy-focused browser, partnered with leading layer 1 protocol Solana [SOL] at the summit called Breakpoint held in Portugal. The main aim of the collaboration was to transform Brave into the default browser with the blockchain and provide support for all cross-chain activities and decentralized applications [DApps].