Brave Browser Reportedly Looking for Over $30 Million in Series A Funding Round

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The privacy-centric Brave browser is reportedly looking to raise between $30 and $50 million at a valuation of $133 million through a Series A funding round, nearly two years after raising $35 million in less than a minute through an initial coin offering (ICO).

This, according to a report by CoinDesk, citing sources familiar with the matter. The firm behind the privacy-centric Brave browser and the Basic Attention Token (BAT) has also raised $4.5 million in a seed round from the Digital Currency Group, Pantera Capital, and more.

Brave is notably led by JavaScript creator and former Mozilla CEO Brendan Eich, and by default blocks ads and trackers for its users. To reward publishers and give advertisers a chance, the browser uses its BAT, which is also used to reward users.

The company’s Brave Ads program has recently been rolled out, and in it users are rewarded in BAT for seeing ads, with a portion of the revenue going to websites they visit and to Brave itself. The premise of rewarding users for surging the web while protecting their privacy has made it popular

Currently, Brave’s ads appear to those who opt-in as pop-ups, and aren’t yet available to users in every country and will be rolled out in the near future to the rest of the world. Per Eich, users can earn as much as $5 per month worth of BAT using the browser.

Tokens the users earn are by default distributed to websites they visit, according to time spent on them. Users may, however, chose to tip them, or to keep them until they’re able to withdraw them.

Last month Gab, a purportedly uncensored social media microblogging platform, forked the Brave browser to create a “free-speech browser” and a “free-speech marketplace and app store,” that are powered by bitcoin, instead of BAT.

TRON Foundation Announces $20 Million TRX Buyback to Promote Market Stability

The TRON Foundation, an organization created to support the development of the TRON network, has recently announced a $20 million TRX token buyback that’s set to “promote community activity and market stability.”

According to a Medium blog post, the TRX buyback will be “by far the largest” token buyback plan the Foundation has ever had, and will have “the widest coverage in the secondary market.” The buyback is set to last for a year and will have several batches.

The TRON Foundation’s TRX holdings, it added, will be unlocked on January 1 of 2020, although the organization has no plans for its TRX at the time. Currently, one TRX token is trading at $0.034 after falling 10.6% in the last 24-hour period.

The token’s price dropped amid a major market sell-off that has seen the price of some altcoins – including Litecoin, EOS, and XRP – drop by well over 10%. The price of BTC is currently down 5.4% in said period. The selloff is likely being caused by traders taking profits off of the bull run we’ve been seeing since the beginning of the year.

Earlier this year, TRON announced a soon-to-be-released upgrade for its blockchain, called Odyssey 3.6. It’ll reportedly include features that are set to improve the network’s security and stability.

As CryptoGlobe covered, in May of this year the TRON Foundation announced BitTorrent, a leading peer-to-peer file sharing platform, would be incorporating the BitTorrent File System (BTFS) protocol to “allow users to receive and host storage on their computers with other individuals and businesses.”

The TRON Foundation has recently celebrated its Independence Day, as on June 25, 2018 the TRON mainnet was launched and its genesis block was created. Since then, the network has grown to over 3.1 million mainnet addresses, and an average of 1.5 million transactions per day, according to Justin Sun.