Brave partners with Solana [SOL] to boost the adoption of Defi, Web3

Privacy-focused browser, Brave announced a joint collaboration with Solana [SOL] at an ongoing four-day conference dubbed Breakpoint in Lisbon, Portugal. Chiel Exec and co-founder, Brendan Eich of Brave, along with Anatoly Yakovenko, CEO and founder of Solana Labs, outlined their intention to enhance wallet features across all versions of the browser for a better user experience.

The integration will facilitate support to Brave’s 42 million active users and 1.3 million creators, making it the default browser to the layer 1 blockchain for all cross-chain activities and decentralized applications [DApps] support. Speaking more on the partnership, Eich expressed hope that the joint collaboration would help provide better accessibility and enable more and more users to utilize their applications as well as other tokens.

On the same line, Yakovenko of Solana said,

“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 latest news is significant after SOL attained the coveted top four cryptocurrencies by market cap after flipping Tether [USDT], the world’s largest stablecoin, and hitting a new all-time high close to $260, two days ago.

Brave and Solana’s key takeaways

The announcement also mentions some key outcomes with regards to the alliance such as the implementation of the Themis protocol, an important development on BAT 2.0 infrastructure, created by the browser on the Solana Network. Apart from that, the joint partnership would also facilitate the SOL DEX aggregator for seamless swaps, nonfungible tokens [NFT] support, dispatching tokens, and accounts creation. 

According to the blog post, the Solana blockchain’s ability to scale up transactions would not only help provide seamless and faster adoption of decentralized finance [DeFi] and Web3 but also cut down costs for users, compared to Ethereum. Just a few days ago, Brave had replaced the tech giant Google with its own curated search engine called Brave Search. The policy of setting its own search engine as the browser default had become a key ‘ focus of antitrust scrutiny ‘.