Brave has published its roadmap for its BAT 2.0 token, revealing plans to integrate support for decentralized finance (DeFi) and DEXs.
Brave, one of the most popular browsers on the Internet, focused on ensuring user privacy, has plans to integrate a new digital wallet for cryptocurrencies, , which also supports decentralized applications, known as DeFi, such as decentralized exchanges (DEX) and the already famous non-fungible tokens (NFT). The browser developers intend to offer Brave users accessibility and usability to decentralized protocols as well as NFTs.
The browser is preparing to launch a new wallet or a digital wallet called Brave Wallet, which will serve as a foundation to foster and drive mass adoption and use of cryptocurrencies and DeFi from Brave. This new digital wallet will be available for both the mobile and desktop versions of Brave, and will feature an intuitive and easy-to-use user interface designed to reduce friction between different accounts.
Brave's development team is committed to its user community, and is constantly working to integrate new features and improvements into the browser to optimize the experience of each user.
Although this browser is relatively new to the web, having been in operation for just 5 years, it has gained great popularity, and to date has more than 25 million active users per month and more than 8 million users who use the browser daily.
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New use cases for DeFi and NFTs
in his new BAT 2.0 roadmap Brave developers say they will offer users new personalized experiences and use cases for DeFi and NFTs. Additionally, users will also have new options to purchase cryptocurrencies and digital assets with fiat payment methods, through credit or debit cards, bank accounts, and digital smartphone wallets.
Brave users will have a new decentralized exchange aggregator that will provide highly advantageous and value-added options for token swaps. For example, this functionality allows Brave to offer transaction fee discounts, special discounts for users holding BAT balances in their wallet, and offer multi-chain support for many of the digital assets and blockchain networks currently on the market.
Also, new DeFi features will allow Brave to offer a decentralized exchange (DEX) where liquidity providers are incentivized to grow BAT and broader crypto ecosystems, and also allow users with just $1 USD in BAT earnings to access and participate in DeFi protocols and all their benefits.
As for NFTs, the browser announced recently integrated support for NFT purchases into the Brave Swag store with the help of Origin Protocol, the platform designed to create decentralized markets in blockchainTo celebrate this partnership, the browser announced its first-ever NFT sale, which included a total of 30 collectible tokens plus physical stickers based on the three winning submissions from the recent Brave and BAT Community Meme Competition.
Brave now allows its community to purchase NFT tokens, such as limited edition digital collectibles tokenized on the blockchain, directly from its Brave Swag store.
Expanding BAT's utilities
With the integration of the new features, Brave also aims to significantly expand the use cases of its native token BAT, launched in 2017 and used in the browser to pay rewards to Brave users for performing searches in the browser and for their attention when watching ads. BAT is also used as a payment method to reward publishers and content creators for their advertising and contributions on the web. And since it is a ERC-20 tokenBAT enables a wide variety of use cases that will evolve over time as Brave grows and develops.
In their roadmap, the developers explain that they will integrate new use cases such as: utility for search engines; use of BAT for VPNs and various private communication platforms; creation of support for the token in the context of e-commerce, rewards for verified content on IPNS, and the possibility of using the token in file sharing.
All the integrations that Brave announces happen when Opera, a rival browser to Brave that also focuses on providing integrated services for cryptocurrencies and user privacy, announces an agreement with the payment processor Simplex, to facilitate the purchase and sale of cryptocurrencies and digital assets with fiat money directly from the browser, without the need for intermediaries.
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