$Gari, an indigenous cryptocurrency token launch in India. The crypto token launch by Chingari a made-in-India short video app is also launching its own NFT marketplace. $Gari will have Bollywood actor Salman Khan as its brand ambassador.
This crypto token has been develop in collaboration with the Solana blockchain.
$Gari is being advertise as a social token instead of a financial token where creators will be able to accumulate coins base on their content.
$Gari is said to help content creators on Chingari create their own ecosystem by creating their own “e-commerce space for physical merchandise, NFT creations, and the ability for the fan community to fund the artists on the platform.
Chingari CEO and Co-Founder Sumit Ghosh said that the platform will allow users to obtain crypto tokens for creating or watching content.
“The idea is to monetize creators’ talent and empower them via a social platform,”.
Salman Khan Said :
“The Creators are shaping the future of entertainment. With the incorporation of $GARI reward programme, the creators will further get motivated to create newer and more engaging videos on the Chingari app. It’s going to be an interesting journey hereon”.
Chingari announce that it recently complete a round of funding and gathered over $19 million (roughly Rs. 142.5 crores) from more than 30 venture funds and individual investors.
Chingari says it will also use the funds to help content creators on its platform monetise their content.
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