Brave Announces Partnership Agreement with Solana Labs

| Updated
by John K. Kumi · 3 min read
Brave Announces Partnership Agreement with Solana Labs
Photo: Depositphotos

For some time now, Solana has been the fastest-growing ecosystem and has been in huge demand being the reason for this partnership. 

Brave, a privacy-focused browser, has announced a groundbreaking partnership agreement with Solana Labs to offer support for its Decentralized Application (DApp). This was announced by Brendan Eich, the CEO and co-founder of Brave Software, Inc and Basic Attention Token, and Anatoly Yakovenko, the CEO and founder of Solana Labs during the Breakpoint Conference in Lisbon.

This means the Solana blockchain will be integrated into the Brave browser. The best-in-class wallet features for the Solana blockchain would be integrated into Brave’s Web3 desktop and mobile browser in the first half of 2022 according to the official release.  This partnership will see the Solana ecosystem support being accessed by the over 43 million monthly active users and 1.2 million verified creators of Brave. While commenting on this, Yakovenko explained that the mobile web will be the gateway to Web3 for billions of people. 

“Deep integration with browsers is key to helping DApps build the best web experiences. Brave’s announcement of Solana wallet support across all versions of their browsers is an important step to onboard the next billion users to Solana,” he said. 

For some time now, Solana Labs has been the fastest-growing ecosystem and has been in huge demand being the reason for this partnership. 

“With more and more users and creators requiring tools for fast and affordable access to the decentralized Web, this integration will seamlessly pave the way for the next billion crypto users to Barness applications and tokens,” said Brendan Eich.

Solana Labs offsets so many problems in the industry as its blockchain ensures the facilitation of transactions faster and cheaper which helps Web3 and Defi adoption. It ensures that blockchain transactions are scaled as low as $0.001-$0.002 per transaction, making it the fastest blockchain in the world. In addition to the support that may be provided to Brave, the Solana DEX aggregator for swaps, sending SPL tokens, NFTs, and creating of accounts would be enabled. 

In recent times, Web3 users have been concerned about the rampant wallet address leaks, so the integration will enable them to access Web3 in a more protected environment. For now, Brave continues to offer support for Ethereum and is open to providing support for other blockchains within the Brave browser. In recent moments where mainstream crypto and DeFi adoption has surged by a positive rate, blockchain agnostic multichain wallets may be a key factor to accelerate them even more. 

The announcement also mentions that Solana Labs will allow the promotion of BAT on DApp built on the Solana and the Solana network.  The statement reads:

“Solana will also enable the implementation of the Themis protocol developed by Brave on the Solana Network, a key milestone in the BAT 2.0 Roadmap.”

The Solana price has responded positively to the announcement with a price surge to $245 and a market cap of $74 billion. 

Blockchain News, Cryptocurrency News, News
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