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Salman Khan Launched India’s First Crypto Social Token $GARI and Its NFT Marketplace
India’s Fastest growing short video application, Chingari has introduced its first crypto token $GARI and its own NFT Marketplace during an event in Mumbai on 16th October.
Bollywood superstar, Salman Khan will be the brand ambassador of the Gari Token Rewards Programme and Chingari’s NFT Marketplace. By launching crypto token $Gari, the founders of the Chingari app became India’s first player who entered into NFT Marketplace.
Apart from Salman Khan, other famous celebrities of Bollywood Vaani Kapoor, Sonnalli Seygall, Kubra Sait, and Manish Paul was also presented in the launch event of Gari. During this event, the co-founders of Chingari – Mr Sumit Ghosh (Chief Executive Officer), Mr Deepak Salvi (Chief Operating Officer), Mr Biswatma Nayak (Head of Engineering), and Mr Aditya Kothari (Head of Strategy) told the future plans of Chingari and opportunities of earning money through $Gari.
Mr Sumit Ghosh (CEO Chingari) Said that Gari Token will help content creators to build their own ecosystem for physical merchandise and NFT creation.
He also said that their platform allows users to use crypto tokens to create or watch content on Chingari which will help content creators to monetize their talent and empower themselves via a social media platform.
There was one more highlight in the event that the $Gari token will be promoted as a social token instead of a financial token. This decision was made by keeping content creators in mind because it will help creators to accumulate coins based on their content.
The brand ambassador of $Gari, Salman Khan Said that “The Creators are shaping the future of entertainment. With the incorporation of the $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”.
Gari token has been developed on the fastest growing crypto technology “Solana” which is completely decentralized and open source. As the token is based on the fastest crypto technology, the users can expect smooth and hassle-free transactions. Well, the founders of $Gari have shown lots of opportunities for the users, let’s see how the $Gari Token Reward Programme will perform in the future.
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Chingari is India’s one of the fastest-growing short video app launched in November 2018 on the Google play store. The app was founded by Sumit Ghosh, Biswatma Nayak to compete with other similar apps like Instagram’s Reels, MX Takatak, Josh, and Moj.
In July 2020, the Indian government has ban TikTok along with other 59 Chinese apps because of Galwan Valley border tensions with China. The founders of the Chingari found a big opportunity after banning TikTok so they redesigned and rebranded the app in July 2020. After rebranding, the app crossed 1 million downloads in just 15 days and as of Feb 2021, it has more than 50 million downloads.
Chingari app allows its users to make and upload entertaining short videos using visual effects, lip-sync, dance, or voice over movie scenes and comic dialogues. The app supports more than 20 languages including English, Hindi, Bangla, Gujarati, Marathi, Kannada, Odia, Punjabi, Malayalam, Tamil, and Telugu.