TL; DR
- The Aptos Foundation works together with Myco to integrate being Web3 streaming technology in the APT blockchain, driving the decentralization of digital streaming.
- The partnership includes the upcoming launch of Myco’s native token, a key part of its purpose becoming a fully decentralized streaming platform.
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Tether launches USDT on APTwhich offers cheap transactions.
The Aptos Foundation has announced a new strategic partnership with Myco, a Web3-based streaming platformwith the aim of integrating its technology into the APT blockchain. The collaboration is aimed at promoting the decentralization of digital streaminga growing sector that wants to leverage emerging technologies.
The alliance between Aptos and Myco focuses on the technical integration of the two platforms and the development of tools for makerswith the aim of advancing Web3 technologies and delivering next-generation decentralized digital streaming experiences. The integration will enable Myco, which plans to fully transition to the APT blockchain, to leverage the network’s capabilities offering more efficient and secure streaming services.
🎥📱 The Aptos Foundation partners with @myco_io, uniting the world’s fastest-growing Web3 streaming platform with the highest-performance L1 blockchain.
Myco will bring its 13 million+ users and 3 million+ active monthly viewers to Aptos, with plans to integrate into the Aptos network… pic.twitter.com/9yD6jQ3Djt
— Aptos (@Aptos) August 21, 2024
Moreover, the collaboration is in line with the upcoming launch of Myco’s own utility tokenscheduled for early Q4 of this year. This token is an important part of the 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 enable the platform to utilize its full potentialthereby providing better service to its users.
Big 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 provide users with a low-cost transaction option by leveraging the scalability and speed of APT. The addition of USDT allows users to create this transactions at minimal coststhus improving the accessibility of stablecoins.
Furthermore, APT has introduced a keyless walletcalled “Aptos Connect”, which uses zero knowledge (ZK) proofs for user authentication. This wallet allows users to connect to decentralized applications (DApps) via a Google loginsimplifying the Web3 onboarding process and facilitating single-click account management.