Web3 Social Media App Chingari Secures Equity Financing from Jump Crypto

04/12/2023 15:31 • Tech Trends • 91 views

According to reports, the Web3 social media application Chingari announced on its official platform that it has completed a new round of equity financing, with crypto venture capital Jump Crypto participating. However, the specific amount of financing has not been disclosed yet. The new funds will be used to accelerate product development, user growth, and global market expansion. In February of this year, Chingari also received investment from Aptos Labs and will build on the Aptos network. The new version of the application is expected to be launched soon, and Creator Cuts V2 has been launched with new features to support digital collectors and creators in building NFTs.

Web3 social media application Chingari completes a new round of equity financing

Chingari, the Web3 social media application, has announced that it has completed a new round of equity financing with crypto venture capital Jump Crypto’s participation. The specific amount of financing has not been disclosed yet, but the new funds will be used to accelerate product development, user growth, and global market expansion. Chingari also received investment from Aptos Labs earlier this year and will be building on the Aptos network. The new version of the application is scheduled to launch soon, and Creator Cuts V2 has been launched with new features to support digital collectors and creators in building NFTs.

A New Round of Equity Financing for Chingari

Chingari, the Indian short-video app, has recently announced via its official platform that it has completed a new round of equity financing. The cryptocurrency venture capital firm Jump Crypto has participated in this funding round, but the specific amount of equity financing has not been disclosed yet.

Accelerating Product Development, User Growth, and Global Market Expansion

The new funds from Jump Crypto will be used to accelerate product development, user growth, and global market expansion. Chingari has been competing with TikTok and has seen tremendous user growth in India after the Indian government banned TikTok due to national security concerns. Because of its unique features and its focus on local content, many users in India have flocked to Chingari to showcase their content.

Chingari’s Previous Investment from Aptos Labs

Chingari has also received investment from Aptos Labs earlier this year. This new round of funding will allow Chingari to build on the Aptos network and further enhance user experiences on the platform.

The New Version of Chingari and Creator Cuts V2

The new version of Chingari is expected to be launched soon with new features that will support creators in building NFTs. With the rise of NFTs and the growing demand for digital collectibles, this move is a strategic one for Chingari. Creator Cuts V2 will give creators more power and control over their content, allowing them to monetize their work and build a community of followers.

Conclusion

Chingari’s new round of equity financing will allow the platform to accelerate its growth and development. With the support of Jump Crypto and Aptos Labs, Chingari is poised to expand globally and become a significant player in the social media space. The new version of the application, along with Creator Cuts V2, will provide creators with new ways to monetize their work and showcase their abilities.

FAQs

What is Chingari?

Chingari is a Web3 social media application that allows users to create, edit and share short videos with their followers.

Who is Jump Crypto?

Jump Crypto is a crypto venture capital firm that invests in innovative cryptocurrency projects and blockchain startups.

What are NFTs?

NFTs, or non-fungible tokens, are digital assets that can be bought, sold, and traded on blockchain platforms. They are unique digital artworks, music, and other digital creations that are stored on the blockchain.

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