Cardano Captures 86 Million Brave Users Amid Institutional ADA Accumulation

Brave Wallet, the crypto wallet attached to the privacy-enhancing Brave Browser, will now accept Cardano ADA tokens and native assets. Brave will allow users to send, receive, and swap Cardano from the wallet and browser. Brave has traditionally supported several cryptocurrencies, such as Ethereum and Solana. Brave is currently branching out to include other tokens so that their users can enjoy multichain functionality. Cardano users can now interact with their token, such as participating in governance decisions, without having to use extensions. Brave users, therefore, will have added security because they won’t have to take risks with third-party Cardano extensions. 

“This collaboration with Brave”, said Charles Hoskinson, CEO of IO, “is a natural fit. We share a vision for a more secure, accessible, and user-respecting Web3. By bringing Cardano into Brave Wallet, we are expanding functionality for Cardano users in the age of on-chain governance and advancing a new standard for how blockchain networks should empower individuals, protecting privacy while enabling active, on-chain participation”.

InputOutput (IO), a crypto startup, has partnered with Brave to produce the added functionality of a Cardano wallet. IO will take responsibility for adapting the Brave wallet to include Cardano’s features and take advantage of the privacy features within the Brave Browser. One feature that will be useful for Brave users in particular is the ability to swap Cardano tokens for other cryptocurrencies within Brave’s comfort zone. Charles Hoskinson, CEO of IO, believes that both Brave and Cardano share a similar vision for web3 technology and privacy-enhancing networks. Brendan Eich, CEO of Brave, is focused on improving the user experience and adding multichain functionality. This is a significant partnership for Cardano because more people can try out the token and see whether the network suits their privacy requirements. 

Brave Browser aims to be a web3-compliant browser with an inbuilt crypto wallet that allows users to interact with various crypto ecosystems with minimal effort. The browser also aims to increase security for the user and protect a user’s data from being exploited by companies and governments. Cardano seems to be a good fit for the Brave Browser because it has a web3 ecosystem that is carefully developed and has a large following. The Cardano team is very excited about the partnership because they will be able to create their token with the added support of Brave.

In May, Cardano made a giant step in crypto development, collaborating with BitcoinOS to bridge Bitcoin to Cardano and then back again. Multichain development has become a hot topic for users because it improves the accessibility of tokens. BitcoinOS is a bridging company specializing in creating bridges between different blockchain ecosystems. A big part of the Cardano blockchain is the governance system that allows users to participate with the token. Hoskinson believes that blending Brave’s privacy features with Cardano’s governance features is perfect for the crypto project. Protecting a user’s privacy while allowing people to collaborate with a governance system is an important feature for the crypto community.