GARI took flight when Aptos Labs (APT) made an equity investment in popular social media app TikTok’s Web3 competitor, Chingari.
According to a local agency, Aptos is based in India. on-chain video app to Chingari equity capital made an investment. Chingari officials user growth, product development And global expansion stated that it will be used for
By the second quarter of 2023 the new and upgraded version of Chingari to the Aptos blockchain It was also among the information given. Local token of the application minutes after the announcement of the investment news GARI sternly to 60% close rise showed.
On social media applications by blockchain ecosystem actors experienced CEO of Aptos Labs, known as Mo Shaikh He used the following statements on the subject:
The team at Chingari has developed new ways for creators to interact with users. At Aptos Labs, we look forward to the new innovations they will show us.
Right now from India, United Arab Emirates, Indonesia, Turkey and USA The application, which is available to millions of users, has recently become more to strategic markets He said he wanted to open up. Chingari CEO Smith Ghosh He said on the subject:
Our partnership with Aptos Labs will establish a strong foundation in the Indian Web3 ecosystem before expanding into newer markets in the near future. This partnership will be a key building block in our goal of one billion users on the blockchain.
Following the partnership news of Chingari’s native cryptocurrency GARI 0.0554 dollarfrom 60% by gaining value 0.0876 dollara rose. GARI, at the time of writing according to Coinecko data 0.077 traded in dollars.