Streamflow launches on Aptos Mainnet blockchain
Today, solana’s leading token distribution platform, Streamflow, launched on the Aptos mainnet.
Streamflow allows organizations, small businesses, and individuals alike to distribute funds in a simple, straightforward manner. It’s revolutionizing payroll distribution by allowing users to program recurring payments through payment streams. This way, the recipients receive value in real time.
Streamflow debuts on Aptos Blockchain
Streamflow software development kit allows programmatic transfers of value in DeFi, NFTs, and gaming, among others. Streamflow launched on solana in November of 2021 and now has a total value locked at over $1 billion dollars; the same kind of success or even better is to be expected on Aptos since, just like solana, Aptos provides a suitable environment for the processing of seamless payments.
Why Streamflow is joining Aptos
Aptos is a layer 1 blockchain that uses the programming language Move. It prides itself on its key features, including a parallel execution engine, high-level security features, and low transaction costs. The network aims to offer additional features to make crypto more accessible to the typical user.
According to Avery Ching, Aptos co-founder, there is a need for significant improvement in user experience, safety, and scalability to reach the masses. Streamflow’s launch on Aptos is a major step towards Aptos’ mission to create universal and fair access to decentralized assets for billions of people.
Aptos was able to raise $150 million in series financing, which helped it bring developers and new projects on board steadily. The layer 1 network boasts over 200 dApps and numerous projects, and now that Streamflow has joined in, wider adoption of L1 blockchains such as Aptos is expected.
“We believe that new and emerging performant L1 blockchains like Aptos and Sui, built with Move, will see wider adoption in the time to come, and we want to be there from the very beginning to support the growing ecosystems, even during the bear market.”
Mališa Stanojević, Streamflow CEO and founder
Next generation payroll
Streamflow is revolutionizing payroll, simplifying it into a much easier process. Decentralized payroll services are becoming increasingly popular as employees look for more flexibility.
Stanojević mentioned the current financial network can’t support continuous payments, but high throughput blockchain infrastructure like Streamflow can. Streamflow is enabling organizations to distribute funds safely and securely with ease. It is a leader on solana, and its launch on Aptos communicates the growth of a new L1 ecosystem.
