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Short Videotape app Chingari has unveiled its first-ever crypto token$ GARI at a public event on Saturday at the hands of Bollywood megastar Salman Khan. It'll come the first social network in India to issue crypto commemoratives. The platform is launching its own NFT business.
Salman Khan will be the brand minister of the NFT business and the$ GARI Token price program. The popular Indian short- videotape sharing platform had lately raised$ 19 million backing from further than 30 adventure finances and individual investors.
The backing will help the company to make$ GARI with Solana, the swift-growing ecosystem in crypto technology. The company also plans to make features to enable creator monetization and make mileage of the$ GARI commemorative across intriguing social media stoner cases.
Some of the biggest enterprises that shared in the backing round include Republic Crypto, Galaxy Digital, Alameda Research, Solana Capital, Valor Equity Mates, Kraken Ventures, Black pine, NGC, Coinfund, LD Capital, 11-11 Gambles, AU21, Cultur3 Capital, Long Term Gambles, Afton Capital, and CSP DAO, among others.
With a vision of establishing 'Social Commemoratives’ as the future of community platforms, $ GARI aims to transfigure the creator ecosystem of the Indian key by enabling generators to set up their e-commerce space that includes physical wares, NFT creations, and the capability for the addict community to fund their favorite artists.
“The generators are shaping the future of entertainment. With the objectification of the GARI price program, the generators will further get motivated to produce newer and further engaging vids on the Chingari app. It’s going to be an intriguing trip then on,” Khan said in a statement.
Chingari CEO and Co-Founder Sumit Ghosh said that the platform is poised to come to the trailblazer of social infotainment platforms and will van the Indian crypto blitzkrieg. “Chingari’s blockchain platform allows druggies to gain commemoratives for creating or watching content. The idea is to monetize generators’ gifts and empower them via a social platform. Chingari through its token$ GARI wants to make this vision possible. We're certain$ GARI'll be a ground-breaking invention for the Indian digital and creator frugality.”
Innovated in November 2018, Chingari lets druggies download and upload short vids and shop for wares within the app, among other effects. It boasts 50 million yearly active druggies and 85 million downloads to date. Since its redesign in June 2020, Chingari worked to fill the vacuum created by TikTok’s ban in India.