So far about 1,100 publishers and YouTube stars have signed up for Brave's system, which lets them exchange BAT for dollars and other currencies through a partnership with online wallet company Uphold. An advertiser will give them to a publisher to show an ad, for example, or in the case of the Brave itself, to people using the browser who see an ad. Brave wants these tokens to be what gets exchanged in the online ad industry. On May 31, Brave raised $36 million in 24 seconds by selling 1 billion BATs. At the current exchange rate, each BAT is worth about 21 cents. But Brave relies on a newer, more sophisticated alternative, Ethereum, as a foundation for its technology, called the basic attention token, or BAT. ![]() ![]() The best-known example is bitcoin, which has surged in value in recent months. Brave's new system relies on technology called cryptocurrency.
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