Brave Browser's Latest Version Lets Users Withdraw Their BAT Tokens

The latest version of the cryptocurrency-powered Brave browser now lets users withdraw the Basic Attention Tokens (BAT) they earn through the Brave Ads program.

According to the browser’s product manager Alex Wykoff, users on the Nightly version of Brave, a, unstable version of the browser meant to be used by developers testing out new features, are now able to withdraw their earned BAT after verifying their identity with crypto banking firm Uphold.

On Brave’s community forum, Wykoff wrote:

Starting 07/24/2019, users who browse with Brave’s Nightly build will be able to withdraw BAT from the Brave Rewards wallet after verifying and creating an account with our partner Uphold! Users will also be able to buy additional BAT, should they want to contribute more than they earn through opting into Brave Ads.

Back in May those using the privacy-centric browser started being able to earn tokens for browsing the web, by opting to see ads that don’t track them. The tokens users earn are, by default, sent to content creators on the web to reward them for getting users’ attention.

Users can disable this option, however, and store the tokens for themselves. Now, in case they want to contribute even more, they can buy additional tokens via Uphold after verifying their identity. Soon, users will also be able to tip BAT tokens through various platforms, including Reddit, Vimeo, and Twitter.

Brave’s Ads program is currently not available in every country in the world. IT started off in Germany, France, the UK, US, and in Canada, and has recently expanded to Australia, New Zealand, and Ireland. Next on its radar, according to some, is Japan, with most of Europe coming by the end of the year.

The changes to Brave’s newest version don’t end with the withdrawal option, however. Content creators will reportedly have to verify their identities with Uphold to be able to receive tips, while unverified content creators won’t be able to receive funds from auto-contribute.

The Nightly version of the browser, according to Wykoff, includes some issues that need to be fixed in later versions. These include the fact that a user’s wallet address and Uphold username are visible to creators they tip, for example.

These issues, he added, are set to be fixed next month. Brave is looking to rollout its privacy-focused ads beyond its own browser in the future.

Theta Network's THETA and TFUEL Tokens Are Up 437% and 630% in 2020

Siamak Masnavi

THETA and TFUEL, the governance and operational tokens of Theta Network protocol (developed by Theta Labs), which is designed to address the problems with existing solutions for live video streaming. Both of these cryptoassets have experienced tremendous price appreciation in 2020. 

Theta's solution is decentralized peer-to-peer (P2P) video delivery powered by its own native blockchain (which uses Multi-BFT Consensus), which in turn is powered by the users. As you watch your favorite live video streamers, or when you are not using your computer, Theta uses your spare upload bandwidth to relay streams to other users in your local area, and rewards you with TFUEL tokens.

The Theta mainnet was launched on 15 March 2019, but it was back on 14 February 2019 when Theta Labs explained via a blog post the difference between Theta Token (THETA) and Theta Fuel (TFUEL) token:

Theta Labs said that THETA is the governance token of Theta protocol, and that it is used "to stake as a Validator or Guardian node, contributing to block production and the protocol governance of the Theta Network." Users earn "earn a proportional amount of the new TFUEL generated" by "staking and running a node." THETA has a fixed maximum supply of one billion.

As for TFUEL, it is the operational token of Theta protocol. TFUEL "powers on-chain operations like payments to relayers for sharing a video stream, or for deploying or interacting with smart contracts," and it is earned by relayers "for every video stream they relay to other users on the network." 

Both THETA and TFUEL are native tokens of the  Theta blockchain.

These two cryptoassets have been two of the best-performing cryptoassets in 2020 as the two TradingView price charts (for the year-to-date period) below illustrate:

THETA-USD TV Chart on 27 May 2020.png

TFUEL-USD TV Chart on 27 May 2020.png

The THETA price has gone up over 437% against USD (to reach $0.468)  in the YTD period. As for the TFUEL price, it has increased over 630% to $0.0146.

THETA and TFUEL are currently ranked #27 and #93 by reported market cap.

There are three reasons for such amazing price appreciation in 2020:

  • Rapid growth in the number of users of decentralized video streaming platform Theta.TV due to multiple new partnership deals (such as with Samsung and NASA) and the growing demand for entertainment from all the people forced to stay at home due to lockdown measures introduced as the result of the current COVID-19 pandemic. In particular, Theta.TV has been hosting several important virtual blockchain conferences in the past few weeks, most notably Coindesk's Consensus: Distributed conference.
  • The upcoming launch of version 2 of the Theta Mainnet (this is expected to go live around 22:00 UTC on May 27).

Interestingly, the day for Theta's network upgrade (which is supported by Binance) coincides with the day on which NASA and Elon Musk's SpaceX are launching the Falcon 9 rocket:

Update at 13:40 UTC on May 27:

According to a report by Coindesk, Google is "teaming up with Theta Labs in a move meant to help the video delivery network onboard users through Google Cloud." The report goes on to say that Google will "become the protocol’s fifth external validator node, staking 5 million THETA tokens (worth about $2.4 million at a press-time price of $0.48 each) on the network."

Theta Labs CEO Mitch Liu is hoping for further collaborations with Google:

“YouTube is particularly interesting because they utilize mostly internally-developed technology for video delivery and streaming, which makes experimentation a lot easier without having to rely on external platforms like Akamai or AWS."

The announcement seems to have given THETA token's price another push, as you can see from the 24-hour THETA-USD price chart (from CryptoCompare) shown below:

THETA-USD 24 Hour Chart on 27 May 2020.png

Featured Image Courtesy of Theta Labs