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Aptos Labs Backs Web3 TikTok Rival Chingari

Aptos Labs is attempting to make its mark in web3 social media with an equity investment in short video app Chingari.

Chingari is an on-chain social media app that was founded in 2018. It has five million daily active users and over 200 million videos are watched on the app on a daily basis, said a company release. Users upload and share video shorts on the platform similar to TikTok.

The social media app will now make Aptos its preferred Layer 1 blockchain. The chain launched late last year and uses Move, a programming language that builds on top of Rust — the language used on the Solana blockchain. Move was developed by Meta for the Diem project.

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