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Brave-Solana collaboration brings Basic Attention Token over 25% surge in a day

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Recently, Basic Attention Token [BAT] received sudden limelight as it gained over 25% within a day due to the announcement of a partnership between Brave Browser and Solana.

As per the official announcement by Brave, the companies will work together to bring wallet features for the Solana blockchain into Brave’s Web2 desktop and mobile browsers. The team expected this to take place by the first half of 2022.

The announcement added,

“Brave will integrate the Solana blockchain into the Brave browser, providing default Solana ecosystem support to Brave’s 42 million monthly active users and 1.3 million verified Creators. Brave will soon default to Solana for cross-chain and Solana native DApps.”

The team is expecting faster adoption of its Web3 given the low transaction fee on the Solana blockchain, which also lures the interest of decentralized finance [DeFi] users. The partnership between the two companies has been driven by the growing popularity of the Solana blockchain among users and developers alike.

Meanwhile, Solana Labs CEO, Anatoly Yakovenko noted,

“For billions of people, the mobile web will be their gateway to Web3. 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.”

The companies announced this partnership during Solana’s Breakpoint conference in Lisbon, Portugal. Following which the digital asset BAT surged by over 25% and was trading at $1.25, at press time, close to the all-time high of  $1.65. Further, it ranked 78th on the CoinMarketCap due to its market capitalization of $1.86 billion.

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Namrata is a full-time journalist at AMBCrypto covering the US and Indian market. A graduate in Mass communication, while majoring in Journalism, she writes mainly about regulations and its impact with a focus on technological advancements in the crypto space.

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