Chingari integrates native token to advance Web3 social networking
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....
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Having already shaken up the video-sharing landscape, India’s hottest young social media app Chingari has set its sights on Web3. The platform, affectionately known as the nation’s TikTok, has just released a video NFT (vNFT) marketplace called Creator Cuts. Alongside its social token GARI, Chingari’s Solana blockchain integration looks to foster new relationships between content […]
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 idea of play-to-earn video games has already caught on in a big way, and now Chingari is trying to expand the concept to the world of social media with the launch of its new “engage-to-earn” and “create-to-earn” model for content creators. Chingari may not be the most familiar name in the social media world […]
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....
“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....