Blockchain-based decentralized browser Brave (BAT) says it has passed the 50.2m monthly active users mark, thus hitting another major milestone.
In comparison, Cryptonews.com reported that in October 2019 Brace reached 8m monthly active users, 10m in December that year, and 12m in March 2020. This means that the number of monthly active users grew 318.4% over the past 21 months.
According to Brave’s transparency data feed, the browser now also has 15.5m daily active users.
Launched in 2016, Brave browser has become more popular over time by offering privacy and security measures, blocking trackers and third-party cookies that monitor users’ activities across the web. It also allows users to select what they want blocked, from various forms of ads and cookies to the login buttons of sites like Facebook.
However, Brave’s strict blocking policy has a consequence for content creators: they can’t monetize their content. To tackle this issue, Brave announced an approach that enables users to make anonymous contributions in the form of cryptocurrencies to websites they visit.
It also enables users to earn crypto assets by browsing websites and viewing ads. “Today, Brave welcomes you to the new Internet. One where your time is valued, your personal data is kept private, and you actually get rewarded for your attention,” Brave said.
The browser pays rewards in the form of Basic Attention Tokens (BAT), which is an ERC20 token supported by a number of major crypto exchanges. The token has performed quite well over the past year, gaining over 500%.
In mid-November, Brave launched the Brave Wallet, a built-in crypto wallet that enables users to store, manage, and swap their crypto portfolio from a single wallet. “Unlike most crypto wallets, the Brave Wallet does not require extensions; it’s browser-native, reducing security risks and reliance on extra CPU and memory,” Brave said in the announcement.
At 8:55 UTC, BAT is trading at USD 1.33 per coin. It’s up 3.5% over the past 24 hours and down nearly 4% in a week.