Brave and NEAR Foundation have signed a partnership to integrate Aurora, an Ethereum Layer 2 Virtual Machine (EVM) on the NEAR Protocol, into Brave Wallet. This move will incorporate greater multi-chain functionality and security in Brave Wallet. Additionally, it will provide extended utility for Basic Attention Tokens (BAT) hence BAT holders will be allowed to utilize their assets at the Aurora chain. A partnership with Aurora DeFi partners is also on the cards, which will grant access to the Aurora ecosystem, which includes blockchain gaming and NFT marketplaces as well so Bat could also be utilized through Brave and NEAR partnership.
The news of this partnership was broken by the senior management of both these firms at the Consensus conference held in Austin, Texas (9-12 June). Co-founder and CEO of Brave, Brendan Eich and CEO of Aurora Labs, Alex Shevchenko themselves provided details about this pact to the audience.
In the future, this coalition will provide support for Aurora as a preloaded chain in Brave Wallet making it third in the list after Ethereum and Solana. Furthermore, this integration includes bridging BAT cross-chain for use in the growing Aurora dApp ecosystem. As per estimates, around 60 million active users of Brave will be benefit from the addition of Aurora EVM into Brave Wallet.
Enhanced Multi-chain Functionality in Brave Wallet
The announced partnership with EVM of NEAR is connected with the announcement made in May according to which Brave browser was integrated with Solana Blockchain to provide expanded Web3 access. This recent move, along with the previous month’s announcement, shows Brave’s commitment to accelerate the development pace towards a multi-chain experience in Brave Wallet.
Aurora, which has already an upper hand, will bring comprehensive added value to Brave Wallet users. The fees of Aurora are already much lower as compared to Ethereum mainnet and also has an edge in terms of speed because it can process thousands of transactions per second. Â
Soon, this development will ensure that users of Brave Wallet have access to Aurora tokens directly for sales, purchases, and storage. In addition to this, the integration will provide support for other Aurora assets as well such as its NFTs and dApps.
According to Brendan Eich, this integration is going to enable users to access Web3 conveniently from the Brave browser taking advantage of low fees and faster transactions. At her appearance at the conference, Marieke Flament, who is the CEO of NEAR Foundation, also expressed her thoughts. According to her, this partnership has great significance concerning Web3 adoption and the merge of Ethereum and NEAR communities through Aurora. Thanks to this merge, there will be a host of Web3 functionality supported such as non-fungible token and swap.
Brave Wallet: Secure and Multi-chain Access to Web3
From the beginning, Brave Wallet was envisioned as a safe onramp to Web3 as it grants multi-chain access from its browser. Additionally, it provides expanded utility for the Basic Attention Token. The most recent announcement regarding the partnership between NEAR Foundation and Brave will convert the vision into reality.
