Chingari Gears up For Global Expansion

Jump Crypto has made an equity investment in Web3 social media app Chingari, according to an April 11 announcement. However, there is no information about the exact amount of the investment. 

According to the Web3 social media platform, the investment will go towards user growth, product development, engineering, and global expansion. Jump Crypto has also invested in big crypto firms such as Solana and Polygon, Kucoin, and Mysten Labs.

Before Jump Crypto, Chingari raised an equity investment from Aptos Labs. Aptos Labs' investment also marks the start of a partnership with Aptos Layer-1 blockchain. 

A new version of the Chingari app powered by Aptos Network will be launched in the near future. The partnership between Chingari and Aptos also aims to improve the platform's security, facilitate transactions, and speed up transaction speeds.

This Chingari app comes with a number of interesting features, such as a mining program, subscription plans, video NFT marketplace, and creator cut, enabling creators to earn rewards and earn revenue.

In addition, Chingari recently introduced Creator Cuts V2 with advanced features to enhance NFT creation for collectors and creators. 

The new upgrade will allow users to choose between auction types, base prices, revenue sharing percentages, and royalty sharing for videos they wish to convert into vNFTs, allowing creators to choose how to monetize their works and decide what terms work best for them. The protocol also introduced a reselling feature that enables users to trade or resell their vNFTs.

Recently, the Aptos chain has undergone a number of updates and developments. As a result of the new updates, the network will be able to enhance its security and reduce transaction fees. Gari Network ($GARI) is trading at 0.05027, up 0.16% in 24 hours. On the contrary, Aptos ($APT) is trading at $11.40, down 2.11% in 24 hours.

‍

What is Chingari:

Chingari is a video-sharing mobile app. In these videos, users can add visual effects, lip-sync, dance, or voice-over movie scenes and comic dialogues. The Company’s vision is to be the best of its short video-sharing platform for its users. A hot new stage for flaming talent to show the world who you are by capturing flawless videos and sharing them in seconds. Express yourself, Create amazing videos, and connect with the content you love! We are a growing family that values diversity by doing the right thing with precision, pace, and passion for reaching the Fast Moving Needs of Modern Bharat.

‍

Learn more about Chingari:

Website | Twitter | Blog | AppStore | Google Play |

‍

What is Aptos:

Aptos is a new, independent project focused on delivering the world's safest and most production-ready Layer 1 blockchain. The team includes the original creators, researchers, designers, and builders of Diem, the blockchain first built to serve this purpose.

‍

Where to find Aptos Labs:

Website | Twitter | Telegram | Medium | Discord |