$Gari, an indigenous cryptocurrency token, was launched in India on Saturday. Made in India short video app – Crypto Token launched by Spark, is also launching its own NFT marketplace. $Gari will have Bollywood actor Salman Khan as its brand ambassador, who was also present at its launch event in Mumbai. The crypto token is developed in collaboration with Solana Blockchain. $Gari is being advertised as a social token, rather than a financial token, where creators will be able to accumulate coins based on their content.
The new crypto token was launched by SparkSwadeshi short video app launched to give competition to fans TIC Toc. $Gari Spark is said to help content creators build their own ecosystem by creating their own e-commerce space for artists on the platform to “materialize trading, NFT creation, and the ability to fund the fan community”. is called for.
Sumit Ghosh, CEO and co-founder of Spark, said that the platform will allow users to receive crypto tokens for creating or viewing content. “The idea is to monetize the talent of creators and empower them through a social platform,” he said.
Brand Ambassador of $Gari Salman Khan A prepared statement said: “Producers are shaping the future of entertainment. With the inclusion of the $GARI reward program, makers will be inspired to create new and more engaging videos on the Spark app. It’s going to be an interesting journey.” . Here”.
Spark announced that it has recently completed a round of funding and has raised over $19 million (approximately Rs 142.5 crore) from over 30 venture funds and individual investors. According to the company, this round of funding will help them further develop $Gari with solana Blockchain.
Spark says that it will also use this fund to help content creators on its platform monetize their content.