India’s big step into Cryptocurrency and NFT space (Chingari $GARI)

India’s big step into Cryptocurrency and NFT space (Chingari $GARI)

After famous celebrities in India such as Amitabh Bachchan, Salman Khan, enters into NFT space. India is on its way to launch its first NFT and cryptocurrency token through a Short-video app Chingari by the name of $GARI. The company is also launching its own non-fungible token (NFT) marketplace.
Salman Khan will be the brand ambassador for Chingari’s NFT marketplace and the $GARI token reward program. The actor was also present at the launch program on Saturday.

Short video platform Chingari launches social tokens and NFT marketplace.

$GARI aims to transform the creator ecosystem by enabling creators to set up their e-commerce space that includes physical merchandise. NFT creations and the ability for the fan community to fund their favorite artists,” the company said in a release. Homegrown short-video app Chingari has launched crypto tokens, called $GARI, and its own marketplace for non-fungible tokens (NFT).

“Chingari’s blockchain platform will allow users to obtain tokens for creating or watching content. The idea is to monetize creators’ talent and empower them via a social platform,” said Ghosh, who is also its chief executive.

Salman Khan at the launch event of India’s first social token Chingari’s $GARI .

Recently, Chingari raised over $19 million from more than 30 venture funds and individual investors.

Founded in November 2018, Chingari lets users download and upload short videos and shop for the merchandise within the app, among other things. The Bengaluru-based app boasts 50 million monthly active users and 85 million downloads to date.

Leave a Reply

Your email address will not be published. Required fields are marked *