Brave has announced that its web browser has now integrated a native crypto wallet, replacing the previous wallet based on the MetaMask wallet extension. With this wallet, most users will have their blockchain needs met (depending on which blockchain they use): they will be able to buy, sell and trade cryptocurrencies like Ethereum, NFT storage, Follow, sell and experience the magic of Web3.0 or websites with built-in blockchain features.
Brave also says that this integrated wallet will take up less CPU resources than extension-based wallets (like the aforementioned MetaMask) and is less prone to fraud or NFT theft.
Brave builds its own cryptocurrency wallet into its browser
This wallet seems to work primarily with Ethereum or Ethereum-based blockchains (those that support EVM, like Polygon or layer 2 systems designed to make transactions faster). For now, that means you can’t buy some other popular cryptocurrencies from within the wallet, like Dogecoin or Bitcoin (although you can buy wrapped Bitcoin, which is essentially an Ethereum token whose value is pinned to Bitcoin). But since there are so many NFTs stored on Ethereum, you can at least use Brave Wallet to store them. Brave also says that it is in the process of adding support for Bitcoin and other blockchains.
Brave has been paying attention to blockchain and the websites built on it for quite some time. Years ago, Brave started recommending that people install MetaMask if you visited a website that could connect to the blockchain to provide additional functionality (usually related to payments). Now, Brave is finally getting the built-in support of these Web3 sites (or “dapps,” a compound word for “decentralized apps”). Brave also recently added support for decentralized technology that will hopefully prevent NFTs from disappearing if an image hosting site goes down.
Brave says the wallet feature will currently be limited to PC browsers, but Brave hopes to add it to Android and iOS versions (though Brave notes that iPhone users will likely not be able to use the wallets). blockchain-based website when released). There’s always the possibility that Brave will run into trouble with Apple’s app review process, although Apple doesn’t seem to be opposed to cryptocurrencies right now – MetaMask has an iOS app and Tim Cook has said he’s invested in the money. electronics and called the NFT “interesting”.
Brave has been paying users with blockchain tokens since its launch (this token can be stored in the Brave Wallet). And it’s likely that a large portion of Brave users will prefer a crypto wallet, based on the Brave browser’s long-standing support for blockchain apps and currencies — as long as they’re willing to import crypto assets. Brave also supports self-custodial or certain hardware wallets.
Update November 16: Added information from Brave about future support for Bitcoin and non-Ethereum blockchains.