Disclosure: Member(s) of our team hold positions in BAT. This statement is intended to disclose any conflict of interest and should not be misconstrued as a recommendation to purchase BAT. You should not purchase any token based solely on this information. This is not investment advice.
Key Takeaways:Brave Browser has 25.4m MAU and 9.2m DAU with an estimate of 50m MAU and 17m DAU by EOY, signaling confidence and that marketing efforts will likely ramp up. The new roadmap reveals an increased focus on DeFi / Web 3: Building new native wallet, multi-chain DEX aggregator, more utility for BAT (Discount token on fees). With its latest acquisition of a search engine and focus on a DeFi centric roadmap, Brave is targeting both web 2 incumbents and some of the more popular DeFi use cases. Brave has an open invitation (RFC&C) to scalable L1s and L2s as it looks to decentralize its ad network (ThemisV2 protocol) and mitigate gas costs for users. T