Aptos Labs invests in the short video social app Chingari, which will launch on the Aptos network in the second quarter of this year

ChainCatcher news, according to The Block, Aptos Labs has made an equity investment in the short video social application Chingari, aiming to make a mark in the Web3 social space. Mo Shaikh, co-founder and CEO of Aptos Labs, stated that Chingari seeks to leverage the speed, security, and scalability of the Aptos network to support its millions of users.

It is reported that Chingari is an on-chain social media application founded in 2018. Currently, it has 5 million daily active users. Chingari initially started as a Web2 platform and later adopted Web3 technology. (Source link)