Aptos Foundation teams up with Web3 streaming platform

Aptos blockchain strengthens its ecosystem with Myco partnership, paving the way for decentralized streaming and the upcoming native token launch.

The Aptos Foundation, an organization dedicated to supporting the development and growth of the Aptos blockchain, has partnered with Myco, a Web3 streaming platform.

According to a press release shared with Cointelegraph, the collaboration involves Myco integrating its platform with the Aptos blockchain to decentralize streaming.

“[The partnership] will focus around technical integration, developing builder resources, and a mutual commitment to advancing Web3 technologies and delivering next-generation, decentralized digital streaming experiences.”

Related: Tether expands USDT to Aptos blockchain for lower fees

Partnership details and token launch

The partnership is part of Myco’s broader plans to transition its infrastructure to the Aptos blockchain and support the Web3 streaming service provider’s long-term vision of becoming fully decentralized.

The announcement also aligns with the upcoming launch of Myco’s “native utility token” on the Aptos blockchain, which is set for early Q4 this year.

Hani El Khatib, co-founder and chief of Web3 at Myco, explained that launching on Aptos marks a “significant milestone” for the streaming platform.

“This integration aligns seamlessly with our mission to lead the charge in making Web3-enabled streaming and entertainment accessible to the masses.”

Related: Yield-bearing Treasury-backed stablecoin USDY launches on Aptos

Aptos receives USDT capabilities

On Aug. 19, Tether launched its United States dollar-pegged token on the Aptos blockchain to offer users reduced transaction costs.

The integration of USDT (USDT) on the layer-1 blockchain aimed to utilize Aptos’ scalability and speed while furthering Tether’s plans to improve digital currency use and accessibility globally.

The launch of USDT on Aptos will provide users with an “economically viable” option that would only cost “a fraction of a penny.”

Related: Nansen partners with Aptos for dashboard after chain users 2x in 6 months

Aptos ZK keyless wallets 

On July 3, Aptos launched a web-hosted keyless wallet application that utilizes zero-knowledge (ZK) proofs for user verification.

Dubbed “Aptos Connect,” the new keyless wallet enables users to connect to decentralized applications (DApps) via a Google login without certain security measures such as passkeys or multiparty computation networks.

The announcement stated that Aptos Connect would simplify Web3 onboarding by “allowing users to create and manage Aptos blockchain accounts in one click.” 

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