Indian TikTok challenger raises $19M to launch social token on Solana
“What Axie Infinity did for gaming, we want to do for social media,” Chingari co-founder and CEO Sumit Ghosh says. Indian short-video sharing platform Chingari is preparing to launch its own blockchain network and social token.Chingari has completed a $19-million funding round to launch its mainnet and conduct a token sale for its Solana-based GARI token in November, the firm announced on Friday.Chingari co-founder and CEO Sumit Ghosh said that the token sale is scheduled for Nov. 2, while the mainnet launch and application integration are expected to have gone live by the end of that....
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Powered by blockchain and non-fungible token technology, Web3 stands poised to disrupt the way content creators monetize their work, pulling the rug from under the corporations that previously called the shots. Leading the charge is India’s fastest-growing on-chain social app, Chingari. Dubbed “India’s TikTok,” Chingari has just released Creator Cuts — its video NFT (vNFT) marketplace. Like TikTok, Chingari is a social media platform for sharing short videos. However, its Solana network integration enables innovative new interactions, bringing creators closer to....
The 100 million-user Indian social network successful deployed a beta testnet of the $GARI token to 500 dedicated community members in December 2021 in preparation for this week's mainnet release. Indian social networking platform Chingari has announced ambitions to revolutionize the experience of its 100 million-user creator economy through the integration of native digital asset, $GARI, and accompanying cryptocurrency wallet via the Solana blockchain.Translating into the word ‘Spark’ in the languages of Urdu and Hindi — a branding visibly consistent with its flame icon — the Chingari....
Just six months after its launch, the GARI cryptocurrency launched by Chingari has staked its claim as the second-most popular token on the Solana blockchain with more than a quarter of a million holders. That’s according to data from GenX Analytics, which shows there are now 238,000 individual GARI token holders, putting it behind only the KIN token – which has 2.9 million holders – in the overall Solana popularity stakes. It’s well ahead of the chasing pack too, with SOLCHICKS, the third-most widely held token on Solana, counting just 92,000 total holders. GARI’s astonishing....
The NFT launch features prominent TikTokers including Lil Nas X, Bella Poarch, Curtis Roach, Brittany Broski and others. Social media platform TikTok has announced its first foray into the nonfungible token, or NFT, market with a new collection inspired by its leading trend-setters.On Thursday, the company announced TikTok Top Moments, a new program that allows content creators to be recognized and rewarded for their content. The NFT drops will be launched on Ethereum and powered by Immutable X, a new scaling solution for layer-two NFT protocol Immutable. TikTok Top Moments is said to....
Many of today’s young social media consumers are finding new music via TikTok. This week, the leading social media platform paired up with Audius, a streaming platform that is quickly becoming one of the largest decentralized consumer applications. TikTok’s Unlikely Match The pairing is especially interesting considering that around a month ago, TikTok took further […]