Crypto-Backed Brave Browser Raised $35M in Under 1 Minute

Every crypto enthusiast’s favorite web browser, the Brave browser is purportedly looking to raise $30 to $50 million to reach a valuation of $133 million, according to a report by Coindesk on May 16.

When Brave was first launched in 2017, the browser raised $35 million in less than a minute through its initial coin offering (ICO) for the browser-centric Basic Attention Token (BAT) cryptocurrency. Since then, Brave has accomplished a lot and delivered one of the best working products following a cryptocurrency’s ICO.

Brave Is Responsible With Money

Unlike most other ICO’s in 2017, Brave became a massive success and built one of the most successful crypto products to date. As previously reported by IIB, the company successfully launched its Brave Ads product which rewards users with BAT for viewing advertisements as well as content creators for quality content.

Moreover, the Brave browser has consistently attracted attention from internet users around the world and is growing in popularity at an unprecedented pace.

All in all, Brave will likely have no problems securing an additional $30 to $50 million, seeing as how responsible and productive the company was in the past with raised money.