Web Browser Brave to Trial Crypto Payments for Opt-In Ads

Brave, the web browser from Javascript creator and Mozilla co-founder Brendan Eich, is taking an important step toward its goal of using blockchain technology to address what many people believe to be one of the chief problems of the internet: advertising.

In a statement published Tuesday, Brave announced that it will begin an early access program that rewards users for opting-in to device-based ads that don’t track or expose user data to third parties. The browser, which has more than 2.7 million active monthly users across all devices, blocks ads by default.

When fully deployed, users will receive 70 percent of the gross ad revenue, which will be paid out through the Ethereum-based Basic Attention Token (BAT) and automatically converted to local currency through Uphold.

BAT was initially distributed through an initial coin offering (ICO), and users had previously been able to use it to tip verified publishers directly for producing quality content.

“The current advertising model exploits users and has eroded trust, as well as net revenue to publishers and other creators,” the company said…

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