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Privacy Browser, Wallet, Token
The creators of the privacy-focused Brave web browser have published a report highlighting progress made with their multichain wallet and $BAT token in 2022 and revealing plans for 2023.
The "State of the $BAT 2023" report looks at various facets of the Brave ecosystem, including $BAT, Brave Ads, Brave Wallet, Non-Fungible Tokens (NFTs), and the Brave community.
2022 was a foundational year for Brave, $BAT and Community.
— Basic Attention Token ($BAT) (@AttentionToken) March 3, 2023
In this post, we take a look back at key accomplishments from last year and lay out our goals for $BAT for 2023, including product improvements, creator collaborations, and business partnerships: https://t.co/dVJyKZd3dh
In addition to its privacy features, the Brave browser attempts to supplant typical online advertising with a model where users earn $BAT (Basic Attention Token) for receiving ads delivered by the browser. In turn, users can use $BAT to “tip” any of their favorite content creators.
Here are some key points from the new report:
- $BAT is the 13th-most distributed token on Ethereum (with 464,000 holders).
- The introduction of the multichain Brave Wallet in 2022 resulted in growth of $BAT holders on other chains, including nearly 24,000 holders on BNB Chain.
- More than 900 advertisers have initiated 6,600 Brave Ad campaigns.
- More than 1.7 million content creators have registered to receive $BAT tips.
- Brave launched its first $BAT $NFT mint on Solana in Nov. 2022 in partnership with Adam Ape.
The report also previews plans for 2023, including:
- A new Sage mint for the $BAT x Adam Ape for Brave collection.
- Multiplayer game Degen Royale has integrated 3D avatars from Brave’s first $NFT collection.
- Introduction of Pay with $BAT options for on-chain payments.
- New partnerships with gaming entities, including XBorg, ev.io, and more to come.
Read the whole report on the Brave website.