The world's fastest on-chain social app and the short video platform Chingari has got an equity investment from Aptos Labs, the company that launched the Aptos blockchain in October 2022.

Aptos Labs makes an equity investment in Chingari, world's fastest on-chain Social App

Chingari, the world's fastest-growing on-chain short video app, has made an equity investment in Aptos Labs, the team that launched the Aptos blockchain, has made an equity investment in Chingari, the world's fastest-growing on-chain short video app.

The fresh capital will be used by Chingari for user growth, product development, ramping up engineering and global expansion

The company behind web3 social media platform TikTok, Aptos Labs, has invested in a rival web3 social media app Chingari.

Aptos Labs backs web3 TikTok rival Chingari to make its mark in web3 social media

Chingari have raised $200m in an investment round led by GARI. The funding will be used to continue the development of their platforms and further strengthen their services; hiring is anticipated to facilitate this.

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