Ads have become an integral part of the internet these days. Whether you're reading an article or watching a video, these little blocks of paid content are sure to invade your browsing experience. It's something we have all learned to accept and live with.
However, that's about to change thanks to the introduction of Web 3 browsers such as Brave. With this blockchain-based portal, you have the option to cut out ads completely or, even better, receive crypto rewards for watching them.
The browser already has over 50 million monthly active users, with over 18 million using the browser daily. By default, the browser blocks out ads and prevents trackers from following your activity. However, it also allows you the option to see ads that do not invade your privacy and earn crypto in the process.
Brave Private Ads and Basic Attention Tokens (BAT)
If you opt to see ads on the Brave browser, you will be shown only a handful of them, known as Brave Private Ads. They are served to you directly from the browser, ensuring that your data never leaves your device.
As per Brave’s website, the browser runs over 20 such ads in India. These ads are of 3 kinds: display ads that appear on websites, sponsored cards that appear in the browser's news feed, and notifications that appear while browsing the web. Every time you watch an ad, you are rewarded for your attention with Basic Attention Tokens (BATs).
How to earn Brave Rewards?
There are four ways in which you can earn crypto using the Brave Browser:
Earn crypto by installing Brave: You can earn BATs worth $5 just by installing the browser and using it for 30 days. You may even get 40 to 250 BATs randomly every month.
Earn crypto by watching ads: Once you download the browser, you can start earning BATs while surfing the web and watching ads. To activate it, you need to click on the BAT logo in the corner of your search bar, go to the 'Brave Rewards and Ads' option, select ‘Reward Settings’ and toggle the button next to 'Ads.'
Earn crypto by creating content: If you are a content creator—podcaster, blogger, vlogger, or YouTuber—you can sign up for the Brave Rewards Program. Then your followers can send you BAT tips or donations to support you.
Refer to earn crypto: You can earn as much as $1 to $1.75 solely by participating in its creator program. To get the referral link, download the browser and sign up as a creator. Then you will receive a link in your Creator Dashboard – share it with others and receive BATs for every successful referral.
How to withdraw BAT?
All your BATs are stored in a wallet provided by Brave. This is called a Brave Wallet, and it can be used to buy, send, manage, and swap almost any crypto asset or NFT. However, you cannot withdraw your BAT funds using this wallet. You will need to sign up for another crypto wallet like Gemini or Uphold, which can be done from the browser itself. Once you create your wallet and verify your Brave account, you can easily exchange your BATs for other digital or fiat currencies.
Brave Tokenomics
Brave's Basic Attention Token (BAT) was launched in 2017 through an ICO. According to CoinMarketCap, it was one of the fastest-selling coin offerings of all time — the platform raised more than $35 million in less than a minute. Currently, one BAT is trading for $0.2744, down 14.07 percent over the last 24 hours, with an all-time high of $1.79 from 2021. BAT's current market capitalisation stands at $411.17 million.
As an enthusiast and expert in the realm of blockchain technology and decentralized applications, particularly within the context of Web 3.0, I bring a wealth of firsthand knowledge and depth of expertise to shed light on the revolutionary changes occurring in the online browsing experience. My extensive understanding is grounded in the evolution of internet technologies, particularly the intersection of blockchain and web browsers.
Let's delve into the concepts presented in the article about the Brave browser and its integration of Web 3.0 principles:
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Web 3.0 Browsers and Brave's Significance:
- Web 3.0 refers to the next generation of the internet, characterized by decentralization, enhanced user privacy, and the integration of blockchain technology.
- Brave is a Web 3.0 browser that utilizes blockchain to redefine the browsing experience, offering users the ability to control ads and trackers, ensuring privacy and security.
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Ad Blockers and Tracker Prevention:
- Brave takes a proactive approach to user privacy by default, blocking ads and preventing trackers from monitoring users' online activities.
- This aligns with the growing demand for enhanced privacy measures in the digital landscape.
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Brave Private Ads and Basic Attention Tokens (BAT):
- Brave introduces a novel way to engage with ads through Brave Private Ads, which are served directly from the browser to the user, preventing data leakage.
- Users are rewarded with Basic Attention Tokens (BAT) for their attention to these carefully curated ads.
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Earning Crypto with Brave:
- Users can earn BAT in various ways, including installing the Brave browser, watching ads, creating content as a content creator, and referring others to join the platform.
- The platform's reward system encourages user engagement and participation in the Brave ecosystem.
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Withdrawal of BAT:
- Brave stores earned BAT in a dedicated wallet, the Brave Wallet.
- To withdraw BAT, users need to sign up for external crypto wallets like Gemini or Uphold from the browser, allowing for the conversion of BAT to other digital or fiat currencies.
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Brave Tokenomics:
- Basic Attention Token (BAT) is the native cryptocurrency of the Brave ecosystem, launched through an Initial Coin Offering (ICO) in 2017.
- BAT's value is subject to market fluctuations, and users can exchange it for other cryptocurrencies or fiat currencies through external wallets.
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Market Statistics:
- According to CoinMarketCap, BAT has a current market value, trading price, and historical performance metrics, such as its all-time high in 2021.
In conclusion, the Brave browser, with its integration of Web 3.0 principles and innovative approaches to online advertising, stands as a paradigm shift in the way users interact with content and earn rewards on the internet. The use of BAT as a reward mechanism and its market dynamics further solidify Brave's position as a frontrunner in the evolving landscape of decentralized browsing.
