TL;DR
- Aptos Foundation partners with Myco to integrate its Web3 streaming technology into the APT blockchain, driving the decentralization of digital streaming.
- The collaboration includes the upcoming launch of Myco’s native token, a key component of its goal to become a fully decentralized streaming platform.
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Tether launches USDT on APT, offering low-cost transactions.
The Aptos Foundation has announced a new strategic partnership with Myco, a Web3-based streaming platform, with the aim of integrating its technology into the APT blockchain. The collaboration is focused on promoting the decentralization of digital streaming, a growing sector looking to leverage emerging technologies.
The alliance between Aptos and Myco centers on the technical integration of the two platforms and the development of resources for creators, with the purpose of advancing Web3 technologies and providing next-generation decentralized digital streaming experiences. The integration will enable Myco, which plans to fully transition to the APT blockchain, to utilize the network’s capabilities to offer more efficient and secure streaming services.
🎥📱 The Aptos Foundation is partnering with @myco_io, uniting the world’s fastest-growing Web3 streaming platform with the most performant L1 blockchain.
Myco is set to bring its 13M+ users and 3M+ active monthly viewers to Aptos, with plans to integrate onto the Aptos network… pic.twitter.com/9yD6jQ3Djt
— Aptos (@Aptos) August 21, 2024
Additionally, the partnership aligns with the upcoming launch of Myco’s native utility token, scheduled for early Q4 of this year. This token is a key part of its long-term vision to become a fully decentralized streaming platform. Hani El Khatib, co-founder and Head of Web3 at the company, stated that the integration with Aptos will allow the platform to fully exploit its capabilities, providing better service to its users.
Key Week for Aptos: New Wallet and Arrival of USDT
On the other hand, Tether has launched its stablecoin USDT on the Aptos blockchain. The company aims to offer users a low-cost transaction option by leveraging APT scalability and speed. The addition of USDT will allow users to make transactions at minimal cost, enhancing the accessibility of stablecoins.
Furthermore, APT has introduced a keyless wallet, named “Aptos Connect,” which uses zero-knowledge (ZK) proofs for user verification. This wallet allows users to connect to decentralized applications (DApps) through a Google login, simplifying the Web3 onboarding process and facilitating account management with a single click.