The digital era has ushered in an expansive growth of social media, where content creation and consumption have become central to daily interactions. Yet, traditional platforms often limit direct economic benefits for creators and audiences, keeping the majority of generated revenue within the platform. This dynamic has sparked a demand for more equitable systems where creators and their audiences can be compensated for their engagement and contributions. Addressing this need, Gari Network (GARI) integrates with the Chingari app, providing a blockchain-based solution that rewards creativity and interaction, reshaping the landscape of content monetization.

What is Gari Network (GARI)?

Gari Network, integrated within the Chingari social media app, has swiftly become a significant player in the blockchain and cryptocurrency industry. It launched with a clear vision to empower content creators and audiences, leveraging blockchain technology to ensure fair compensation and engagement. The network’s journey is marked by substantial funding rounds and strategic development phases, starting with a $300k grant from Solana in Q3 2021, followed by a $4 million seed round and a hefty $15 million from a private sale. These early investments underscored the market’s confidence in Gari’s potential.

An important moment for Gari Network occurred in Q4 2021 with a successful IDO that raised $6 million, complementing a pre-sale that garnered $12.3 million. The funding propelled the network into 2022 with a strong financial base, enabling the launch of Chingari wallet and the expansion into Southeast Asia. This period also saw the introduction of Gari Mining and a novel NFT drop, which expanded its ecosystem’s functionality and appeal.

Throughout 2023, Gari Network has continued to evolve, marked by its multi-chain capability supporting both Solana and Aptos, and the launch of the Gari Academy. These developments not only enhanced the platform’s utility but also its educational outreach, emphasizing its commitment to community and developer engagement.

As it steps into 2024, Gari Network plans to extend its technological frontier with the introduction of SDK services for Aptos, a standalone multi-chain wallet, and further enrichments to its NFT marketplace. Each step in its roadmap not only follows but also sets new trends in the Web3 space, contributing significantly to its dynamic ecosystem and solidifying its role in the digital content market. This journey, fueled by seasoned leadership and robust investor confidence, demonstrates Gari Network’s dedication to reshaping the digital landscape through innovative blockchain solutions.

Sumit Ghosh leads the Gari Network team and includes experts like Deepak Salvi, Biswatma Nayak, and Aditya Kothari. They bring extensive experience in tech, blockchain, and social media, driving Gari’s mission to empower creators through innovative Web3 solutions. Their expertise is crucial in scaling the Chingari platform globally.

How Does Gari Network Work?

Gari Network is intricately designed to empower creators, fundamentally altering how they engage with their audience and monetize their content. At the heart of this empowerment is the platform’s robust integration of blockchain technology, which enhances transparency and ensures that creators are fairly compensated for their efforts. This is a radical shift from traditional social media platforms where algorithms and opaque processes often dictate content reach and earnings.

The core of Gari Network’s empowerment strategy revolves around providing creators with direct control over their content and interactions. Through the GARI token, creators can leverage various functionalities of the Chingari app. These include features such as tipping, where fans can directly reward creators for their work, creating a direct revenue stream that doesn’t solely rely on ad revenue or platform algorithms.

Moreover, Gari Network introduces an innovative concept of ‘Creator Pools,’ where fans can stake GARI tokens to support their favorite creators. This provides the creators with a predictable source of income and aligns the interests of the creators and their supporters, fostering a community-driven growth model. The value of these tokens can appreciate, offering potential returns to both creators and their supporters, thus incentivizing the community to actively participate in the ecosystem.

Creators on Gari Network also benefit from the platform’s NFT capabilities, which allow them to convert digital art into NFTs within a secure framework that respects and protects intellectual property rights. This adds an additional layer of monetization, as creators can earn from selling their digital art in a burgeoning market, while also retaining ownership rights.

Source: gari.network

Commerce on Chingari is greatly enhanced by the platform’s social commerce tools, enabling creators to sell products directly through their videos. This is complemented by features like exclusive content locks and Boost Your Profile, which allow creators to increase their visibility and monetize exclusive interactions.

Gari Network’s creator-centric model enhances how creators earn and interact and sets the stage for a more engaged and interactive community. This seamless blend of technology and user-centric features paves the way for the next topic of discussion: Enhancing Engagement, where we delve into how these tools collectively enhance the overall user experience on the platform.

Enhancing Engagement

Enhancing engagement on Gari Network goes beyond mere interaction; it transforms how users experience content and engage with creators. The Chingari app, powered by Gari Network, provides many tools to maximize user involvement and satisfaction, thereby fostering a vibrant and interactive community.

One of the standout features of Gari Network is its audio rooms. These spaces are essential for creators to connect with their audience in real-time, offering personalized experiences through private or public chats. Whether it is live streaming a concert or hosting a Q&A session, these rooms provide a platform for genuine interaction, making content consumption a more immersive and engaging experience.

Moreover, the platform’s tipping feature enhances user engagement by allowing fans to directly support their favorite creators. This direct financial interaction boosts creator morale and strengthens the bond between creators and their audience, ensuring that both parties feel valued in the ecosystem.

Source: gari network whitepaper

Another significant aspect of Gari Network is its integration of social commerce. By allowing creators to sell products directly through their content, Chingari transforms each video into a potential marketplace. This not only increases engagement by adding a layer of commercial interaction to the entertainment but also empowers creators to leverage their influence more effectively.

The use of exclusive content locks further enriches the engagement model. Creators can offer special content accessible only through staking GARI tokens, thus creating exclusivity and enhancing the value of both the content and the interactions around it. This model not only drives the demand for GARI tokens but also incentivizes users to engage more deeply with the platform.

Gari Network Use Cases

Gari Network leverages blockchain technology to enhance the Chingari app, transforming it into a dynamic platform where creators can engage with their audience in innovative ways. This integration serves multiple use cases that drive community interaction and economic activity, fostering a vibrant digital ecosystem.

• Creator Monetization: Creators can earn directly through tips, content gating, and participation in creator pools where supporters can stake GARI tokens. This direct monetization enhances creators’ income potential beyond traditional ad revenue.
• Commerce and Social Shopping: The platform facilitates seamless in-app purchases where users can buy products featured in videos. Creators can host live shopping events, integrating social commerce directly into their content streams.
• NFT Integration: Creators can mint their own NFTs directly on the platform, turning unique digital content into collectible items that can be traded or sold, providing a new revenue stream and increasing fan engagement.
• Decentralized Governance: GARI token holders have a say in platform development through a decentralized autonomous organization (DAO), allowing them to vote on key decisions and influence future updates and features of the Chingari app.

These use cases exemplify how Gari Network is not just a cryptocurrency but a fundamental part of a broader ecosystem designed to support, monetize, and empower content creators and their communities.

Gari Network Main Features

Gari Network incorporates several core features that empower creators and streamline user interactions within the Chingari app, setting the stage for a robust digital ecosystem supported by blockchain technology.

Governance

The Gari DAO empowers the community by allowing users to stake GARI tokens and vote on crucial decisions about the platform’s future. This decentralized governance model ensures the platform evolves in response to its users’ needs and preferences, maintaining a dynamic and responsive ecosystem. The DAO oversees the community treasury, funding approved projects and innovations, thus fostering a cooperative environment where every voice can influence the platform’s direction.

Source: gari network whitepaper

Transactional Mechanics

Gari Network enhances the transactional dynamics of the Chingari platform by allowing users to engage directly with content creators through financial transactions. Users can tip creators, purchase advertised products directly from content, or buy courses and digital goods offered by creators. This direct economic engagement is facilitated by GARI, which serves as the medium of exchange, ensuring that transactions are transparent and secure thanks to blockchain technology.

Source: gari network whitepaper

Creator Pools

Creator pools on Gari Network offer a unique mechanism for supporting content creators. Users can invest GARI tokens in a creator’s pool, which correlates with the creator’s popularity and content engagement. As the pool grows, so does the value of the shares, benefiting both creators and investors. This system provides creators with upfront capital to fund their projects and ties their success to their supporters, creating a mutually beneficial relationship.

Source: gari network whitepaper

Built on Solana

Gari Network’s strategic choice to build on Solana is leveraging the blockchain’s high throughput, low cost, and robust stability to support a large user base of over 31 million monthly active users. This foundation ensures that Gari Network can handle the scale required for Chingari’s extensive user interactions while providing a fast, cost-effective, and reliable platform for transactions and governance, making it an ideal blockchain for supporting Chingari’s dynamic social media environment.

Source: gari network whitepaper

These features position Gari Network not just as a tool for transactional engagements but as a comprehensive ecosystem that supports a decentralized, creator-focused economy, paving the way for the next section on enhancing user engagement and platform interaction.

What is the GARI Coin?

GARI is a governance and utility token for the Chingari app, empowering creators. Its maximum supply is capped at 1 billion units, of which 416 million (41.6%) are already in circulation (August 2024).

GARI Coin is a digital asset integrated into the Chingari platform, designed to serve as a governance and utility token, facilitating numerous functions within the network. It is built on the Solana blockchain following the SPL standard, ensuring fast, secure, and low-cost transactions. GARI’s tokenomics includes allocations for a public sale, staking rewards, and significant portions reserved for the Chingari DAO Treasury and team advisors.

GARI’s tokenomics are structured as follows:

• Public Sale: 20% of the total token allocation
• Staking Rewards: 15%
• Chingari DAO Treasury: 25%
• Team and Advisors: 15% (Advisors and Team combined)

Source: gari network whitepaper

The unique feature of GARI is its integration with Creator Pools. These pools utilize a combination of staking, automated market makers (AMM), and bonding curves to support the creators on the platform. Investors can stake GARI to support their favorite creators, obtaining shares of the Creator Pools. These shares appreciate in value as more participants join the pool, providing liquidity and enhancing the token’s value.

Moreover, GARI tokens empower users with governance capabilities, allowing them to vote on key platform decisions and influence the direction of the network through the Decentralized Autonomous Organization (DAO). This democratic approach ensures that contributors who add value to the platform have a say in its evolution.

Gari Network staking provides an opportunity for users to earn passive income by participating in transaction validation on a proof-of-stake blockchain. To start, users can utilize DappRadar to identify reputable staking platforms and compare them based on returns, security, and community feedback. They must then set up a compatible Gari Network wallet and securely deposit their Gari tokens. After depositing, users initiate the staking process by selecting the amount to stake. This process helps secure the network, and users earn periodic rewards based on their staked amount.

In summary, GARI serves as a medium of transaction and investment on the Chingari platform and plays a crucial role in shaping its future, fostering a community-driven environment where creators, viewers, and developers thrive together. This approach not only enhances engagement but also aligns the interests of all stakeholders, paving the way for a sustainable and innovative content ecosystem.

Is GARI a Good Investment?

GARI benefits from its association with the Chingari app, which boasts a large user base, potentially accelerating token adoption. The token’s integration into various platform functionalities—from governance to content monetization—aims to enhance user engagement. However, the success of the app does not necessarily guarantee extensive use of the token. Factors like user acceptance of blockchain technology, regulatory environments, and competition from other platforms also play significant roles, making it uncertain whether app popularity will directly translate to increased GARI token utilization.

How to Own GARI?

To own GARI, you can use the services of a centralized crypto exchange. Start by creating a Gate.io account and get it verified and funded. Then, you are ready to go through the steps to buy GARI.

News on Gari Network

According to what was reported on the Gari Network blog in May 2024, the Chingari app, known for its web3 live-streaming, is venturing into the gaming sector with its Chingari Game Zone. Built on the Aptos blockchain, it debuts with popular mobile games, including a unique, voice-interactive version of Ludo. Players earn Gari tokens, enhancing their gaming experience. With five million daily users, Chingari aims to expand its game offerings next quarter, leveraging its blockchain and social media expertise to revolutionize web3 gaming.

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