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Brave and Townsquare Partner to Monetize Ad-blocking Traffic and Test Blockchain-based Digital AdvertisingSAN FRANCISCO and GREENWICH, Conn., May 3, 2018 /PRNewswire/ -- Brave, which is combining an innovative privacy browser with a blockchain-based digital advertising platform, and Townsquare Media, Inc., which owns and operates a large portfolio of digital brands focused on music and entertainment, announced today that they are partnering to enable Townsquare to re-engage ad-blocking users. The companies will also test blockchain-based digital advertising solutions with the Basic Attention Token (BAT) platform. According to PageFair, over 600 million devices are currently using ad-blocking software, posing an obstacle to publishers. To date, there have been limited tools available to publishers to confront this problem. The Brave technology platform was designed to address fundamental problems confronting publishers, advertisers, and media consumers, including fraud and user privacy. The Brave and Townsquare approach to ad-blocking reconnects publishers with ad-blocking users and rewards them both. As part of the partnership, visitors to Townsquare websites who utilize ad-blockers will receive an offer to switch to the Brave browser. The Brave browser provides an ad-free experience as well as a variety of new revenue streams to publishers. Further, those users downloading Brave via this offer will be gifted BAT in the coming weeks. In turn, users can use these tokens to reward Townsquare via the integrated Brave Payments system. Brave recently allocated $1 million worth of promotional BAT to over 50,000 website publishers and YouTube creators via similar grants. This campaign will be active for at least 30 days on four of Townsquare's leading websites:
In the coming months, Brave and Townsquare will work closely to test elements of the blockchain-based digital advertising and services BAT platform. Tests will include ad pilots, where users consent to view ads while maintaining their privacy in exchange for earning a share of the revenue along with the publishers. This will fulfill Brave's promise to pay users to browse. Brave and Townsquare will also test premium uses of the BAT platform. Concepts include allowing the use of the tokens to gain access to special content from publishers, playing games, or receiving gift cards. In this sense, the tokens are similar to other loyalty points or airline miles programs. "The partnership with Townsquare is an exciting milestone for Brave, as we connect users with publishers while testing advertising solutions that only blockchain-based technology can deliver," said Brendan Eich, CEO and co-founder of Brave. "Brave and Townsquare share an innovative approach to digital advertising and we look forward to this collaboration." About Brave Software About Townsquare Media Inc.
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