Wikipedia is one of the biggest open-sourced projects that humanity has ever undertaken. So, when they announced that they have joined the Brave Browser as one of their verified publishers, it was a huge piece of huge news.
A Twitter bot that follows the growth of Brave browser noticed:
— batgrowth.com bot (@batgrowth) August 27, 2019
Notably, Brave is transforming the online advertising industry with the use of its native cryptocurrency, the Basic Attention Token (BAT). The company has had an incredible year, adding several new features that complement the increasing number of Brave users and content creators.
As of today, there are 30422 detected Brave Browser/BAT website publishers. Earlier this month, social media platform Twitter, social news aggregator Reddit, video platform Vimeo, and a famous British newspaper The Guardian, joined their platform.
Brave has positioned itself in the market as a cryptocurrency-based browser that offers faster, secure and wholesome browsing experience, and now with the addition of Wikipedia, they have added more legitimacy to their project.
Brave has continually been growing in the past few months. They are in direct competition with big players like Facebook and Google. Notably, video publishes have been coming to Brave as a source of monetization more than the others.
There are more than 120,000 active editors across Wikipedia. There is a question to be asked here. Will the money raised through the browser go to Wikipedia or its editors. Most likely it's the former case, with the money going to the central authority.
Editors on Wikipedia have been working for free since the inception of the site and this has been a major problem in having quality content on the site. Even Wikipedia has accepted this problem, but there seems to be no solution to it.
Brave plans to add a means of transferring between Brave Rewards and Crypto Wallets. Additionally, they plan to eventually unite Crypto Wallets with Brave Rewards directly, instead of relying on Uphold’s custodial wallet for private key management.