Brave Wallet unleashes new Web3 functions

• Brave announces new NFT features that help protect users.
• The platform also introduced a new feature for Filecoin EVM known as Filecoin EVM (FEVM).

According to a recent announcement from Brave, automatic NFT backups and improved Filecoin support in Brave Wallet are the two latest features that have been integrated into the platform.

🗞️ Big news! 🦁 @brave recently announced automatic NFT backups and improved Filecoin support in Brave Wallet!

Brave desktop v1.51 introduces NFT pinning to @IPFS and simplified Filecoin Virtual Machine (#FVM) access via FEVM.

Read all about it: pic.twitter.com/ulEgukGk0w

— Filecoin (@Filecoin) 5 May 2023

Brave detailed the use cases of these new features, along with their benefits, in a blog post, saying the following:

The Filecoin community is proud to announce that Brave has officially launched new features to support the development, adoption and use of web3 in the Brave Browser and Wallet via Filecoin and the InterPlanetary File System (IPFS). These new features include NFT pinning to IPFS and a Filecoin Virtual Machine integration to access dApps and more on the Filecoin network with Brave Wallet.

Thanks to the new integrations, Brave wallet users can expect a more secure experience with this NFT metadata and will also have the ability to pin NFTs locally. The blog post explained;

Even without knowledge of IPFS, Brave Wallet users can avoid permanent loss of NFT metadata and gain peace of mind by pinning the NFTs locally in the browser. This ensures that users have a copy of the resources and metadata for their NFTs, and can make them available to the wider network. Enabling IPFS in Brave is easy and can be done in minutes.

Brave Unveils Filecoin EVM (FEVM)

After the setup is done, NFTs that meet the requirement will be attached automatically. However, the blog post further informed that pinned NFTs will not get any additional protection against hacking or theft. Instead, the data associated with such NFTs is kept online using multiple distributed copies.

In the initial phase, only Ethereum-based ERC-721 tokens will be eligible for pinning. In the long term, the feature will expand to other chains and tokenization standards. Users can also pin NFTs owned by other wallet addresses.

This includes NFT users who own hardware wallets that are not connected to the Brave wallet. This can be done by entering the token details manually and the NFTs will be displayed and supported by the Brave wallet. Ultimately, this feature benefits NFT holders as they can fully safeguard and support the health of NFT collections that appeal to them, whether they don’t own them or not.

In addition, Brave has introduced Filecoin EVM (FEVM) to the Brave wallet, in an effort to simplify access to the Filecoin Virtual Machine (FVM) Ethereum Virtual Machine (EVM) runtime designed to allow Ethereum and Solidity to develop and run smart contracts on FVM with minor modifications.

Using FEVM, users can access the full potential of Filecoin by taking advantage of the supercharged Ethereum utility and infrastructure it provides.

Dietrich Ayala, the head of browsers and platforms at Protocol Labs took the time to talk about the new development. Ayala noted that putting the data layer of a leading open storage network in the Brave wallet introduces new web applications that give end users full control.

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