Chingari Debuts an NFT Collection in Preparation for its Upcoming Metaverse
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Chingari has officially commenced its journey into the metaverse with the launch of an NFT collection ‘GARI Panda’. The firm had previously announced a whitelist application for the presale, currently being held on the SolRazr IDO launchpad. Chingari’s NFT collection is made up of 9,999 NFTs hosted on the Solana blockchain ecosystem.
The GARI Panda NFTs will be open to public markets on March 31, with the initial retail price set at 2 SOL tokens. Notably, half of this NFT collection has been reserved for the GARI and SOLR communities. Chingari is optimistic that the milestone will push the firm closer to its goal of becoming a decentralized content creation platform.
Similar to TikTok’s model, Chingari has risen to fame over the past three years to attract over 35 million users in the Indian market. The platform, which made headlines for sharing 30% of revenues with content creators, is looking to increase its user base to 200 million by the end of this year.
Their debut into the emerging virtual world will allow content creators to experience the latest and most trendy technology (the metaverse). GARI Panda NFTs serve as a fundamental driver of the Chingari-verse, enabling various functions and exclusive features that will not only enhance user experience but create opportunities to increase one’s income.
According to a detailed breakdown on the value proposition, these NFTs will offer users a lifetime free membership within the Chingari ecosystem. In addition, GARI NFT owners will be eligible for a percentage of revenues generated from the GARI DAO and the Panda merchandise
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