Chingari Edges Close to the Metaverse with NFT Collection Launch
The TikTok equivalent of India’s market, Chingari, is scheduled to make its metaverse debut. On the SolRazr IDO launchpad, the project has officially launched its NFT collection ‘GARI Panda,’ which is presently on presale. GARI Panda has 9,999 unique digital items that will be crucial in the development of the Chingari-verse.
This continuing presale event will end on March 31, paving the way for GARI Panda NFTs to be sold to the general public. According to the distribution timetable, half of the GARI Panda NFTs will be sold via presale, with the remaining 5,000 allocated evenly for the SOLR and GARI communities.
GARI NFT collection launch is an important milestone in the platform’s road to becoming a completely decentralized environment, with the metaverse gaining traction in recent months. This short-video-sharing software has approximately 35 million monthly users, the majority of them are from India. They also just raised $15 million from Republic Capital in a fundraising round.
Chingari will be able to expose its users to the metaverse thanks to GARI Panda NFTs, giving them new chances to monetize their work. Unlike most NFT collections, which have a speculative value, GARI Panda NFTs will provide Chingari producers access to a variety of advanced capabilities and exclusive access.
Lifetime free access to Chingari’s metaverse, voting rights, Chingari Panda club membership, and unique interaction privileges with renowned content creators are just a few of the notable features. Additionally, GARI Panda NFT owners will be eligible for a portion of the GARI DAO’s revenue.
Chingari plans to use GARI Panda NFTs into their advertising platform in the future
Brands that want to advertise their products will need to obtain these NFTs first. The project will also create partnerships with prominent music and video streaming companies in order to provide premium content to the NFT community.
Most significantly, GARI is planning to launch an NFT staking feature, which will increase income production prospects for GARI Panda NFT holders. The native $GARI token, which is already being used as an incentive asset for content creators and fans on Chingari, will be awarded to NFT stakers by Chingari-verse.
Despite the fact that the metaverse is a relatively new notion, Chingari’s interest in this rapidly expanding virtual world is not coincidental. Other major social media networks, such as Facebook, have expressed interest in joining the ecosystem.
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