TL; DR breakdown
- Brave Browser plans to introduce a DEX aggregator and a new wallet that can support NFTs.
- Brave users get discounts on the DEX when paying with BAT.
The leading privacy-oriented cryptocurrency web browser, Brave Browser, wants to bring decentralized financial and NFT (Non-Fungible Token) services to its platform. Brave announced in its “BAT Roadmap 2.0” that it plans to support a DEX (Decentralized Exchange) aggregator in its browser and a new Brave wallet that will later support NFTs.
It’s worth noting that the Brave Browser is seeing a huge surge in user numbers and these services would likely unlock new milestones.
BAT Roadmap 2.0 – Brave Decentralized Exchange (DEX) Announced: Discounts When Using BAT For Transaction Fees, Discounts For BAT Holders, BAT Search Engine Utility; new Brave Wallet and more https://t.co/dIVXUwp1rP
– Brave Software (@brave) February 23, 2021
A DEX aggregator in the Brave Browser
As previously reported, Brave Browser plans to roll out a DEX aggregator on its platform as part of its broader plan to allow users to access DeFi. This service enables the large users on the platform to access and secure the best possible price from a variety of trading pools through a single dashboard. A decentralized exchange enables crypto trading without an intermediary institution or third party.
The Brave Browser receives discounts when it uses the Basic Attention Token (BAT) to pay for transactions in the DEX.
“The custom DEX we would like to explore could help achieve this goal by allowing users to exchange BAT and other assets at lower fees and with better user interface and security by integrating with Brave,” said Brendan Eich, CEO at Brave.
New Brave browser wallet to support NFTs
In addition, Brave announced plans to launch a new Brave wallet to replace other existing digital currency wallets on the platform. Interestingly, Brave also noted that the wallet includes custom experiences for non-fungible token use cases. Going forward, they will introduce support for built-in, non-fungible token redemption purposes in the wallet.
Today’s development comes a few weeks after Brave announced that its active monthly users exceeded 25 million. As of February 3, Brave announced it had paid out 26 million BVT as a reward to publishers.