Brave Software has laid off 27 people, or about 15 percent of its staff. This is the second layoff for the web browser and search startup in the past year, according to a TechCrunch report.
The privacy-focused Internet company founded by Mozilla co-founder Brendan Eich has been growing steadily since its founding in 2015. According to the latest information, Transparency ReportBrave’s monthly active users have grown from 65 million at the end of last year to nearly 80 million.
Brave is popular as an alternative browser, especially in the cryptocurrency industry, but it is still relatively small compared to competitors like Opera and Firefox, and especially compared to internet search leader Google Chrome.
Brave offers several opt-in cryptocurrency services, such as a native wallet and access to the InterPlanetary File System (IPFS). In 2017, Brave launched around 35 million dollars I’m selling it Ethereum Ethereum
+2.71%
bat -1.26%
The company recently unveiled its AI assistant Leo and a custom indexing solution. TechCrunch suggested the latest layoffs may be related to the costs of developing and operating AI services.
The Brave browser’s native token, the Basic Attention Token (BAT), which is awarded to users who view ads, fell 6% on the day and is down 91% from its all-time high of $1.90 in November 2021. Price page of the block.
Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the largest investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, influential and timely information on the cryptocurrency industry. Current financial disclosures are as follows:
© 2024 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.
About the Author
Daniel Kuhn is a senior journalist and editor at The Block, covering the cryptocurrency industry with a particular focus on technology. He previously served as an associate editor at CoinDesk, where he covered the opinions/articles section. He was first published in the trade publication Financial Planning. Before pursuing journalism, he studied philosophy as an undergraduate, English literature as a graduate student, and business and economic reporting at NYU’s professional program. You can connect with him on Twitter and Telegram @danielgkuhn, or find him on Urbit as ~dorrys-lonreb.