KEY TAKEAWAYS
- Aptos launches the Payments Granttrack, offering up to $150,000 in grants to support next-gen payment infrastructure development.
- Grantees receive resources like gas station credits, security audit support, and technical mentorship to enhance their projects.
- The Aptos network boasts high transaction efficiency, scalability, and significant stablecoin volumes, supporting innovative payment solutions.
- The program targets full-time founders aiming to revolutionize legacy payment systems with stablecoin integration and open-source tools.
Aptos has announced the launch of the Aptos Payments Granttrack, a milestone-based funding program aimed at supporting founders in building next-generation payment infrastructure. The program offers grants of up to $150,000, along with hands-on support and ecosystem-wide amplification.
Each grantee will gain access to various resources, including gas station credits to subsidize user gas fees, security audit support with up to $25,000 for external audits, and technical mentorship from engineers contributing to the Aptos protocol. Additionally, founders will benefit from accelerators, events, and networking opportunities.
Key Features of the Aptos Network
The Aptos network is designed to deliver on four critical factors for great payment networks: supply, transaction efficiency, scalability, and app revenue. Currently, the network hosts $1.41 billion in stablecoins, with monthly volumes exceeding $30 billion. It consistently clears transactions with 125ms block times and has demonstrated over 19,000 peak transactions per second (TPS), with fees averaging $0.0005.
In June, decentralized exchange (DEX) volumes on Aptos reached an all-time high of $5 billion, generating over $850,000 in ecosystem revenue and marking nine consecutive months of growth. Real-world assets (RWAs) are also gaining traction on Aptos, with over $540 million in tokenized RWAs secured on-chain.
Innovative Payment Solutions
The Aptos Payments Granttrack encourages the development of innovative payment solutions, such as agent-to-agent payments, per-block streaming, automated payments, and cross-border transfers. These solutions aim to enhance global remittances with near-instant, low-cost rails that outperform traditional remittance speeds and costs.
The program is specifically designed for full-time founders and teams focused on building alternatives to legacy payment infrastructure, making stablecoins usable in everyday commerce, and developing open-source tools or Aptos-native integrations.
For more information on the Aptos Payments Granttrack, visit the official announcement here.
Why This Matters: Impact, Industry Trends & Expert Insights
Aptos has launched the Aptos Payments Granttrack to support the development of next-generation payment infrastructure, offering grants and resources to founders.
Recent industry reports indicate that blockchain solutions, particularly using stablecoins, are providing near-instant settlement speeds and lower costs compared to traditional payment methods. This aligns with Aptos’ initiative to encourage innovative payment solutions that enhance global remittances.
As per insights from InvestingHaven, Aptos is recognized for its high scalability and low fees, making it highly suitable for payment infrastructures demanding low latency and high throughput. This supports the significance of Aptos’ Payments Granttrack in fostering a robust payment infrastructure.
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