Brave, the web browser created by Mozilla founder Brendan Eich and funded through an initial coin offering (ICO), is rapidly carving out a significant market share as entrenched giants like Google Chrome shred their privacy policies.
New Chrome Update Forces Browser Login
Google’s decision to further erode its data protection policies presents an opportunity for privacy-focused companies like Brave to make further penetrate the crowded browser market.
The Brave browser aims to “reset the web” by blocking advertisements by default and instead giving users the ability to opt-in to unobtrusive ads that are native to the user’s browser, do not track them as they traverse the web, and — according to the company — provide publishers and content creators with a greater revenue share than they currently receive.
Payments are made with Basic Attention Token (BAT), the ERC-20 token issued through the Brave ICO. Recognizing that most publishers do not want to bother with holding and converting cryptocurrency themselves, the service interfaces with trading platform Uphold to automatically convert tokens into publishers’ local fiat currency.
Last week, Brave announced a partnership with blockchain identity startup Civic to allow verified publishers to accept their monthly BAT payments in an external Ethereum wallet rather than the default one provided by the browser. Through the partnership, publishers will use Civic’s secure, private KYC service to authorize the payments to their external wallet.
Far from a niche piece of software though, Brave has rapidly onboarded users since it launched following a $36 million ICO last year. To wit, Brave’s Android app has more than 10 million downloads, and the company says that the browser currently has 4 million monthly active users across all devices, up from 3 million in July.
Moreover, the Brave browser has also been earning platitudes from professional reviewers, including Popular Science, as a viable alternative to Chrome and Safari.
“Developers built this browser on Chromium, an open-source project that also serves as the basis of Chrome, so you might notice some similarities with the look and feel of that app,” the publication wrote in praise of Brave. “In addition to stellar security, it includes all the usual features you would expect from a mobile browser, including incognito browsing, browser bookmarks, and password management.”