Brave browser wallet announced that it will support the public chain Cardano. How does the native token $BAT perform?

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Brave Software, which focuses on developing privacy-focused web browsers and Web3 products, recently announced a strategic partnership with Input | Output (IO), a Web3 infrastructure and research company. The two parties will jointly integrate the Cardano blockchain into the Brave Wallet, allowing users to directly access and manage assets on the Cardano blockchain, further promoting the development of privacy protection and decentralized ecosystems.

Brave Wallet Integration with Cardano: Prioritizing Privacy and Functionality

According to the announcement, this integration will bring comprehensive Cardano support to the Brave Wallet, including management of Cardano native assets, as well as sending, receiving, exchanging, and signing functions, all natively embedded in Brave's browser wallet.

Through this integration, Brave users and the broader Cardano community will be able to directly access the Cardano blockchain within the Brave Wallet, engaging in activities such as governance participation and native asset management:

This significant milestone further enhances Brave's multi-chain capabilities, adding Cardano to its existing support for networks like Ethereum and Solana.

Cardano users can now manage native assets like NIGHT through the built-in Brave browser wallet, participate in governance, and exchange tokens securely and privately. This not only enhances the utility of the Brave Wallet but also provides Cardano community members with a more convenient participation channel.

Commenting on this, IO CEO Charles Hoskinson stated: "Our collaboration with Brave is a match made in heaven. We share a vision of a more secure, accessible, and user-respecting Web3. Bringing Cardano into the Brave Wallet not only expands functionality for Cardano users in the era of on-chain governance but also drives a new standard for how blockchain networks can empower individuals, protecting privacy while enabling active on-chain participation."

Introduction to Input | Output (IO) and Brave Software

Input | Output (IO) is a US-based blockchain infrastructure and research company focused on building a sustainable Web3 ecosystem. IO is known for developing and maintaining the Cardano blockchain, emphasizing scalability, security, and real-world applications.

Brave Software is a San Francisco-based tech company known for developing the privacy-focused Brave browser. Brave browser automatically blocks ads and trackers to provide users with a fast, secure browsing experience and offers an innovative model through its Basic Attention Token (BAT), allowing users to choose to view privacy-friendly ads and earn rewards. The Brave Wallet currently supports multiple blockchain networks and has over 85 million monthly active users.

BAT Rises Over 12% in the Past 7 Days

According to CoinGecko data, Brave's BAT token has risen by 12.7% in the past 7 days, temporarily reporting at $0.159 at the time of writing, with a market cap of approximately $237 million. However, this is still nearly halved compared to its recent high of $0.35 at the end of last year.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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