Wednesday, February 28, 2024

Indian Web3 Social App Chingari Joins With Aptos Blockchain; GARI Token Surges 48%.

According to a recent blog post from Chingari, the Indian Web-3 social-video app has entered into a partnership with the Aptos blockchain to provide infrastructure support for its Web3 product offerings.

The partnership, which will expand the Solana-based platform to multiple blockchain systems, is set to launch in the year’s second quarter. The blog post mentions that the version of Chingari launching on the Aptos platform will offer a more scalable experience and new products. However, the existing Solana-based Chingari users will continue to receive support.

Sumit Ghosh, CEO and co-founder of Chingari, stated that the partnership is a stepping stone for the app’s plans to expand into new markets in the near future. He mentioned that Aptos Labs’ extensive experience in the social media ecosystem was a major factor in the partnership. According to Ghosh, the integration of Chingari on the Aptos blockchain will establish a strong foundation and serve as a case study in the Indian market before expanding into new markets in the future.

The partnership between Chingari and the Aptos blockchain aims to improve transaction efficiency, transaction speeds, and platform security. In a statement, Chingari stated that Aptos offers several important benefits, including increased scalability, security, and speed, making it ideal for Chingari’s requirements.

Following the partnership announcement, the price of Chingari’s native token, GARI, increased by approximately 48%, reaching a high of 8 cents. At the time of reporting, according to TradingView data, the token was trading at $0.0783.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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