HomeNewsBrave Wallet Unleashes New Web3 Features: Filecoin Integration and NFT Support for...

Brave Wallet Unleashes New Web3 Features: Filecoin Integration and NFT Support for Billions of Users

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    • Brave has introduced new features to its wallet to support web3 development via Filecoin and the InterPlanetary File System (IPFS), including NFT pinning to IPFS and a Filecoin Virtual Machine (FVM) integration for accessing decentralized applications (dApps) on the Filecoin network.
    • Automatic NFT pinning is now possible on Brave desktop v1.51, securing the metadata of supported NFTs in Brave’s native wallet to IPFS.

Brave and Protocol Labs’ Collaboration for Decentralized Web

Brave and Protocol Labs began their collaboration in January 2021, when Brave introduced IPFS support for desktop versions of the browser, unlocking new ways to experience the web. Brave Wallet later integrated Filecoin, which facilitates storing, accessing, and distributing data on the decentralized web. With Brave’s new wallet features, users can participate and contribute to the decentralized web movement.

Automatic NFT Backup and IPFS Integration

Brave desktop v1.51 introduces automatic NFT pinning to IPFS, which secures the metadata of supported NFTs in Brave’s native wallet. By pinning a file to multiple locations, the safety, retrievability, and persistence of any given file increases with every additional location. Many NFT collections store their metadata on IPFS or other decentralized storage solutions instead of blockchains, and some even host NFT metadata on Web 2.0 servers, which carry risks of data loss and censorship.

Users of Brave Wallet can now avoid the permanent loss of NFT metadata by pinning them locally in their browser. Even users with no knowledge of IPFS can ensure their NFTs’ continuous availability within the IPFS network, gaining peace of mind. Brave plans to expand automatic NFT pinning to more chains and tokenization standards in the future.

Filecoin Virtual Machine Integration

Brave has also introduced Filecoin EVM (FEVM) in Brave Wallet, simplifying access to the Filecoin Virtual Machine (FVM). FVM is a runtime that brings smart contracts to Filecoin, making its components programmable by anyone. FEVM is an EVM runtime that allows Ethereum and Solidity developers to run their contracts on FVM with little to no modifications, supercharging Filecoin’s potential with existing Ethereum tooling and infrastructure.

Protocol Labs expects to see major development in cross-chain contract calls to execute storage processes from other blockchains, along with experimentation in decentralized finance, social, gaming, and more. Brave wallet unlocks a new class of web applications, putting control directly in end-users’ hands.

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Nikita Dmitrievich
Nikita Dmitrievichhttps://www.ethnews.com/
Nikita, a young and ambitious crypto investor who has been actively involved in the cryptocurrency world for the past 6 years. With a keen interest in blockchain technology, Nikita has been investing in various cryptocurrencies and has seen significant returns on his investments. He is passionate about educating others on the potential of cryptocurrencies and frequently shares his insights on social media platforms. Nikita believes that cryptocurrencies are the future of finance and is constantly researching new projects to invest in. With his dedication and knowledge, Nikita is quickly becoming a prominent figure in the crypto community. Business Email: info@ethnews.com Phone: +49 160 92211628