Indian TikTok challenger raises $19M to launch social token on Solana

“What Axie Infinity did for gaming, we want to do for social media,” Chingari co-founder and CEO Sumit Ghosh says. Read the full article by: Helen Partz

Key Points:

• Indias version of Tik-Tok, Chingari, is looking to start its own social token and blockchain after getting $19 million in funding to launch its Gari token in November.

• The GARI token will be launched on the Solana blockchain and was backed by Galaxy Digital, Alameda Research, and Kraken exchange.

• “The idea that a lot of people can make a small amount of money and uplift themselves by participating in a social platform is very powerful and Chingari wants to make this vision possible,” CEO Sumit Ghosh said.