Tuesday, May 28 2024 | Time 18:31 Hrs(IST)
Business Economy

ReelStar raises USD 5+ mn from ITO of ReelToken

Mumbai, Nov 17 (UNI) The ReelStar app, India’s most advanced Web3 integrated social media platform said it has raised over USD 5 mn from the Initial Token Offering (ITO) of its utility token ReelToken (REELT). ReelToken is based on a multi-blockchain platform and architecture. It uses the Polygon (MATIC) and Binance Smart Chain (BSC) extensible to multiple blockchain networks.
ReelStar is an ‘everything app’ with integrated multiple social media, Web3 and payment functionalities. It features in-app tailor-made NFT creation features, Smart Contract customisation and an NFT Marketplace in an easy-to-use Android and/or iOS environment. The app provides creators (at any level) with the needed in-app tools and global access to consumers other without requiring large budgets or technical knowledge. This will democratise and level the playing field for User Generated Content (UGC). Best of all every creator can easily monetise their content!
Former Indian cricketer, Irfan Pathan, was just one of the celebrities that graced the event where Navdeep & Nick the Co-Founders of ReelGroup were excited to reveal the logos of ReelStar, ReelToken & ReelPay. The philosophy behind the logo was revealed; the Reel Mark is formed using an alphabet R enclosed in square with 2 sharp edges and 2 rounded edges. The sharp edges stood for the group’s commitment to transparency & fairness while the rounded corners stood for politeness & adaptability to the future world. These all underpin each company’s user-centric values and approach.
Speaking, at the event, after a successful ITO, Co-Founder, Navdeep Sharma, said, “ReelStar aims to energise and reinvigorate the global media and entertainment industry. Our app will provide a global platform for creators thereby enabling a positive network of communities that inspire connection, collaboration and inclusion. Our UVP lies in our seamlessness and our easy-to-use platform that is accessible to almost everyone to create, collect, trade, and monetise an exciting array of NFTs and User Generated Content.''
More News
Canara Bank board to consider fund raising plan for FY25

Canara Bank board to consider fund raising plan for FY25

28 May 2024 | 5:08 PM

Mumbai, May 28 (UNI) State-owned Canara Bank's Board of Directors would meet this week to consider and approve capital raising plan for the financial year 2024-25.

see more..

RITES profit declines marginally in Q4 to Rs 137 crore, dividend declared

28 May 2024 | 4:56 PM

New Delhi, May 28 (UNI) Public sector engineering and consultancy company RITES Ltd on Tuesday reported 1.60% year-on-year decline in consolidated net profit at Rs 136.67 crore for January-March quarter (Q4) of the financial year 2023-24.

see more..

Kottayam-Kochi Rubber Market Rates

28 May 2024 | 4:26 PM

Kottayam May 28 (UNI) Following were the Rubber Market rates announced by the Rubber Board here on Tuesday per quintal
RSS FOUR: 18800
RSS FIVE : 18450
RSS FOUR : 18800
RSS FIVE : 18450
RSS One : Not Available
RSS Two : Not Available
RSS Three: Not Available
RSS Four : Not Available
RSS Five : Not Available
SMR TWENTY : 15113($181.90)
SIXTY PERCENT LATEX : 13925($167.60)

see more..
Ambuja & ACC receive ‘Best Customer Service’ award

Ambuja & ACC receive ‘Best Customer Service’ award

28 May 2024 | 3:15 PM

Kolkata, May 28 (UNI) Ambuja Cements Limited and ACC Limited, the cement and building material companies of the diversified Adani Portfolio, have been honoured with the prestigious ‘Best Customer Service’ Award for their revolutionary AAA Certified Technology initiative.

see more..
TCS & IIT-Bombay to build India’s first Quantum Diamond Microchip Imager

TCS & IIT-Bombay to build India’s first Quantum Diamond Microchip Imager

28 May 2024 | 3:12 PM

Kolkata, May 28 (UNI) Tata Consultancy Services (TCS) has entered into a strategic partnership with the Indian Institute of Technology, Bombay (IIT-Bombay), to develop India’s first Quantum Diamond Microchip Imager.

see more..