Indian Web-3 social video app Chingari (GARI) altcoin, To provide infrastructure support to the Web3 product base, according to a blog post published Wednesday. aptos (APT) partnered with blockchain.
The partnership, which will bring the Solana-based platform to multi-chain, is scheduled to launch in the second quarter of this year.
Altcoin Price Suddenly Rises After Chingari’s (GARI) Aptos Announcement
According to the blog, the version of the Chingari app that will launch on Aptos will offer “a more scalable experience with newer products.” However, legacy support will continue for Solana-based Chingari users.
The Block reported that Aptos invested in Chingari as part of the deal. Aptos and Chingari have not yet commented on the terms of this agreement.
Chingari’s team said in the post that the partnership with the Aptos blockchain will facilitate transactions, increase transaction speeds and strengthen the platform’s security.
“Aptos offers several key benefits, including increased scalability, security and speed, making it an excellent choice for Chingari’s needs,” Chingari said in its statement.
The price of Chingari’s native token, GARI, rose nearly 48% to $0.090 within minutes of the news of the partnership. The price of the altcoin is trading at $ 0.082 at the time of this writing.
GARI is currently large cryptocurrency It is traded on OKX and KuCoin among its exchanges.
*Not investment advice.
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