{"id":12364,"date":"2021-10-17T12:43:53","date_gmt":"2021-10-17T11:43:53","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=12364"},"modified":"2021-10-17T12:53:53","modified_gmt":"2021-10-17T11:53:53","slug":"chingari-short-video-platform-launches-social-tokens-and-an-nft-marketplace","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/chingari-short-video-platform-launches-social-tokens-and-an-nft-marketplace\/","title":{"rendered":"Chingari short-video platform launches social token and an NFT marketplace"},"content":{"rendered":"\n
Chingari, a short-video app that recently raised $19M to launch a social token<\/a>, has released its crypto-token called $GARI as well as its own non-fungible token marketplace (NFT).<\/h5>\n\n\n\n
\"Chingari<\/figure>\n\n\n\n

The $GARI program was inaugurated in Mumbai on Saturday by Bollywood star Salman Khan, who has been taken on as the marketplace's brand ambassador\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>.<\/p>\n\n\n\n

According to the business, $GARI will allow content creators on the app to set up their own eCommerce space, which will include actual items, develop NFT projects, and help consumers fund their favourite artists.<\/p>\n\n\n\n

With the launch of $GARI, Chingari is positioned to become the “trailblazer of social infotainment platforms” and “will lead the Indian crypto blitzkrieg,” according to co-founder Sumit Ghosh.<\/p>\n\n\n\n

“Chingari's blockchain platform will allow users to earn tokens by generating or watching content,” says the company. “The concept is to use a social network to monetise creators' creativity<\/a> and empower them,” said Ghosh, who is also the company's CEO.<\/p>\n\n\n\n

Chingari just raised over $19 million from over 30 venture capital firms and private investors. The funds will be used to help the company develop ‘$GARI' as part of the Solana crypto ecosystem.<\/p>\n\n\n\n

The business also intends to develop technologies that will enable creator monetisation and the use of crypto tokens across a variety of social media platforms.<\/p>\n\n\n\n

Chingari, which launched in November 2018, allows users to download and publish short movies as well as purchase products within the app<\/a>. The Bengaluru-based app has a monthly active user base of 50 million and 85 million downloads to date.<\/p>\n","protected":false},"excerpt":{"rendered":"

Chingari, a short-video app that recently raised $19M to launch a social token, has released its crypto-token called $GARI as well as its own non-fungible token marketplace (NFT). The $GARI program was inaugurated in Mumbai on Saturday by Bollywood star Salman Khan, who has been taken on as the marketplace’s brand ambassador . According to […]<\/p>\n","protected":false},"author":12,"featured_media":12365,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21,62],"tags":[5034,1637,5035,5036],"class_list":["post-12364","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-nft-news","tag-chingari","tag-nft-marketplace","tag-social-token","tag-video"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/10\/Chingari-shortvideo-platform-launches-social-tokens-and-an-NFT-marketplace.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/12364","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=12364"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/12364\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/12365"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=12364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=12364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=12364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}