Basic Attention Token (BAT) Rises on Announcement of New Brave Wallet
The Brave browser announced the development of a native wallet to store Ethereum (ETH) and other assets.
The Brave browser announced the development of a native wallet to store Ethereum (ETH) and other assets.
Basic Attention Token (BAT)was among the few digital assets rising today, as the markets remained relatively flat. BAT rose by more than 5% overnight to trade above $0.19, after theBrave browserrelated to the project announced the launch of it native wallet.
BAT, despite sinking far from peak prices, remains one of the tokens with the clearest use case and a well-used product. Now, the Brave Browser will create a product named Crypto Wallets, using an approach similar to MetaMask. The wallet will support Ethereum (ETH), and most established Ethereum-based tokens.
"You don’t need to do any sort of verification to use Crypto Wallets. It’s a client-side wallet that you use exclusively with your own assets, and you control all the keys. Brave (the company) isn’t involved in your transactions. We don’t know what you’re doing, and we have no control over it. With Crypto Wallets, you can either manage your keys in a software wallet in Brave, or connect a physical hardware wallet (Ledger or Trezor) for more secure key-management," explained the Brave team on its upcoming development.
There is no set deadline for Crypto Wallets, as it is currently in Dev release. Using the wallet is advised only with small amounts of cryptocurrency until a better-tested beta version is released.
In the future, the Brave browser will aim to fully integrate the Brave Rewards program with the new wallet, leaving users in control of their assets. Currently, rewards for viewing ads are dependent on the Upkeep custodial wallet.
BAT market prices remain depressed, as the token sank from May’s peak prices. BAT lost as much as 75% from its Bitcoin (BTC) price in the past quarter, as the leading coin dominated all other assets.
The BAT use case is also helped by a recent involvement of Wikipedia as official Brave browser publisher:
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