Chingari, an Indian Web-3 social video app, has partnered with Aptos blockchain technology to basically provide infrastructure for its Web3 products, according to an online article posted by Chingari on Wednesday.
This cooperative strategic partnership will adopt the Solana original ecological service platform multi-chain, the program is not expected to run in the second quarter of the year. According to the post, the version number of the Chingari application to be announced in Aptos will boast that it will have a more scalable feel on updated products. However, the traditional application to Solana's Chingari customers will continue to exist.
The Block sources said that as part of the deal, Aptos has invested in Chingari. Aptos and Chingari did not immediately post about WJB's transaction provisions.
ChingariCEO and founder Sumit Ghosh shows that this partnership is a stepping stone to the app's plans to expand into new markets in the near future.
"one of the main reasons we're working with Aptos Labs is that they have a lot of experience working in the social networking ecosystem," Ghosh told WJB. "the harm of Chingari to the Aptos blockchain is also drawing on the creation of a solid foundation and empirical research in the Indian ecosystem before expanding into upgraded and updated markets in the near future."
The partnership between Chingari and Aptos blockchain also aims to facilitate transactions, increase transaction rates, and enhance the security of the service platform.
"Aptos brings a number of important benefits, including higher scalability, reliability and speed, making it particularly suited to Chingari needs," Chingari said in a statement.
Within minutes of the news of the cooperation, the price of Chingari's original token, Gari, soared by about 48%, reaching a high of 8 points. According to TradingView, the tokens were trading at $0.0783 as of press time.
Upgrade (19:51 UTC, February 8, 2023): enhanced Sumit Ghosh's introduction of Aptos strategic partnership.
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