Saturday, December 2, 2023

To improve Web3 social networking, Chingari includes native token

The world of social networking and blockchain technology is constantly evolving and integrating with each other. There is a new player in this domain that is gaining quite some traction. This player is none other than the Indian social networking platform – Chingari.

Chingari’s Announcements

After the budget day, there were mixed reviews around the acceptance of digital assets. But, one thing became evident India did not ban any cryptocurrency and did not subside digital assets. Stepping onto this hypothesis, Chingari has recently made major announcements. Chingari uses Solana blockchain technology and GARI as its own digital asset. Chingari aims to integrate both these features into their million user network. GARI is the native digital asset and will revolutionize the Indian digital assets market.

These announcements stem from the exponential growth of the Chingari network. Chingari has a similar interface and functionality as TikTok. TikTok, although very popular in the west, is banned in India. So, Chingari – which is the Hindi translation of the word “Spark” – indeed holds the spark to amass a great user base. They have roughly estimated their current user base to be of 100 million users.

Their plans to integrate cryptocurrency and digital assets are well-timed as the Indian government has also shown stark interest in focusing on the native blockchain technology and cryptocurrencies. There might be more regulations to come forward, but there are no bans or extreme measures predicted.

Other than these, Chingari also hinted that they might launch an NFT marketplace in the future. NFTs are again very popular in the west, and India can join this race through Chingari’s ambitious plans.

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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