Brave Wallet Unleashes New Web3 Features

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

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

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

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

Read all about it: https://t.co/4X2T48Ekg1 pic.twitter.com/ulEgukGk0w

— Filecoin (@Filecoin) May 5, 2023

Brave detailed the use cases of these new features, alongside 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 Brave Browser and Wallet via Filecoin and the InterPlanetary File System (IPFS). These new features include NFT pinning to IPFS and an Filecoin Virtual Machine integration to access dApps and more on the Filecoin network with Brave Wallet.

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

Even with no knowledge of IPFS, Brave Wallet users can avoid the permanent loss of NFT metadata and gain peace of mind by pinning their NFTs locally in their browser. This ensures users have a copy of the assets and metadata for their NFTs, and can make them available to the broader network. Enabling IPFS in Brave is simple and can be done in a matter of minutes.

Brave unveils the Filecoin EVM (FEVM)

After the setup has been carried out, NFTs that meet the requirement will be pinned automatically. However, the blog post further advised that pinned NFTs will not gain any additional form of protection from hacking or theft. Instead, the data associated with such NFTs is kept online by using multiple distributed copies.

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

This includes NFTs users own on hardware wallets that are not connected to the Brave wallet. This can be done by manually inputting the token details, and the NFTs will be displayed and backed 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 or not they don’t own them.

Additionally, Brave has introduced Filecoin EVM (FEVM) to the Brave wallet, in a bid 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 lesser modifications.

Using FEVM, users can access the full potential of Filecoin by tapping into the supercharged Ethereum tooling and infrastructure that it provides.

Dietrich Ayala, the Browsers & Platforms Lead at Protocol Labs took time out to speak on the new development. Ayala noted that putting the compute layer for a leading open storage network in the Brave wallet introduces new web applications that give end-users full control.

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