14, Jul 2023
Oxane Named ‘Best-Of-Breed’ in Chartis RiskTech Quadrant® for Credit Risk Reporting Solutions
London/New York/New Delhi: July 14, 2023 – Oxane Partners (“Oxane”), a leading technology-driven solutions provider to private markets, announced that it has been recognized as ‘Best-Of-Breed’ by Chartis Research (“Chartis”) in its Chartis RiskTech Quadrant® for Credit Risk Reporting Solutions 2023.
The report, published by Chartis, evaluates, and ranks vendors based on their credit risk reporting capabilities in the RiskTech Quadrant®. Participants are evaluated on two broad categories: ‘completeness of offering’, which encompasses solution capabilities, data management and technology infrastructure, risk analytics, reporting, and presentation; and ‘market potential’, which covers business model, existing market penetration, and future growth potential, financials, customer satisfaction, and growth strategy.
Oxane achieved high rankings across multiple categories, recognizing the firm’s robust portfolio monitoring and risk management platforms. The solution stood out on several parameters such as platform and product capabilities, workflow management & integration capabilities, advanced analytics, and technological innovation. Chartis also highlighted key strengths of Oxane, under the ‘Best-of-Breed’ quadrant, recognizing its focused growth strategy that has contributed to an expanding client base, further solidifying its position as a key player in the risk management space for private markets.
“Amid the current market landscape, risk management needs of investment firms have become pertinent. We’re more focused than ever to meet their portfolio and risk management needs and this ‘Best-of-Breed’ ranking is a testament to our focus and innovation in the space. By aligning with market needs, we are reinventing portfolio management operations with our digital-first solutions, as we continue to grow partnerships with our clients and remain a trusted name in the private markets industry,” said Sumit Gupta, Cofounder, and Managing Director at Oxane Partners.
This recognition in Chartis RiskTech Quadrant® comes on the heels of Oxane being named in the Chartis RiskTech100® 2023 report, where the firm was recognized as the ‘Rising Star’ and winner of a category award for innovation in private credit operations and technology. These distinctions underscore Oxane’s dedication to pushing the boundaries of technology in the private credit sector while providing innovative solutions that enable clients to have better control over their investment operations.
To access Chartis RiskTech Quadrant® for Credit Risk Reporting Solutions 2023 and learn more about Market and Vendor Landscape Report, click here.
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- By Neel Achary
14, Jul 2023
‘Sony Research Award Program’ to Start Accepting Submissions focused on Emerging and Innovative Technological Development
Now in its 8th year, held in North America, Europe, and India
Tokyo, Japan— Sony Group Corporation (Sony) announced today that it will begin calling for research proposals for the Sony Research Award Program on July 15, 2023. The Sony Research Award Program is an open innovation program, providing sponsored research funding for projects on emerging and innovative technologies in collaboration with Sony Group’s own research groups. Currently in its eighth year, the program is open to universities and research institutions such as government research institutes and nonprofit organizations in the U.S., Canada, 17 European countries*1 and India.
The Sony Research Award Program is comprised of two awards – the Faculty Innovation Award and the Focused Research Award. The awards create new opportunities for academics to engage in cutting-edge research, leading to the introduction of breakthrough technologies.
Ÿ The Faculty Innovation Award grants up to $100,000 USD to principal investigators for one year*2, for research projects that may fall within three broad subject categories (Information Technology, Devices & Materials, and Biomedical & Life Sciences) relevant to Sony’s current research interests.
Ÿ The Focused Research Award provides support for up to $150,000 USD for one year*2, to conduct research on 12 themes which is more focused in the areas of Sony’s immediate interest.
For more information about the awards, as well as the submission guidelines, please visit https://www.sony.com/en/SonyInfo/research-award-program/ .
*1 European countries included in the program are Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Norway, Poland, Portugal, Spain, Sweden, Switzerland, the United Kingdom.
*2 With the possibility of an extension.
Hiroaki Kitano, Senior Executive Vice President and CTO, Sony Group Corporation
“Sony’s Purpose is to ‘Fill the world with emotion, through the power of creativity and technology,’ and our mission for research and development (R&D) is to ‘Push our civilization forward and make this planet sustainable.’ Across various fields of our civilization and society, collaboration with external research institutions and academia is essential for Sony to develop technologies that enable creators to unleash their full creative potential and connect with diverse users. We believe that the Sony Research Award Program offers important opportunities for collaboration between researchers around the world and the Sony Group, to develop breakthrough technologies and innovations for a better future.”
Comment from the award recipients:
Professor Zhou Yu, Columbia University (New York, U.S.)
“It was such a pleasant experience working with Sony for the past three years. The synergy between our academic rigor and Sony’s industry experience creates a powerful combination that fosters groundbreaking research and propels us closer to real-world applications. This partnership not only enhances the quality and relevance of our research but also opens doors to potential future collaborations, knowledge sharing, and access to state-of-the-art resources. Working hand in hand with Sony fuels our passion for advancing Natural Language Processing and contributes to the broader academic and technological communities, paving the way for transformative advancements in dialogue understanding, planning, and generation.”
Professor Stephen Morris, University of Oxford (Oxford, U.K.),
“Receiving a Sony Research Award has been transformative for our research group. Being able to engage directly with researchers from Sony has enabled us to make great strides forward in terms of the application of our direct laser writing technique to the manufacture of liquid crystal display devices and related technologies. Through our collaboration, we have been able to tailor our simulations and experiments to align with current technology-limiting challenges, and at the same time unlock new scientific discoveries.”
Professor Arpita Patra, Indian Institute of Science (Bengaluru, India)
“Collaborating with Sony has opened up avenues for considering real-world deployment of secure multiparty computation-based solutions to design efficient protocols for privacy-preserving recommendation systems. The team at Sony has discussed and shared possible use-cases that are relevant in practice which has allowed us to design tailor-made protocols as required for the underlying application scenarios. The financial support provided by Sony has allowed me to onboard talented young minds, and I believe the program is much needed to bridge the gap between theory and practice.”
14, Jul 2023
Commvault Announces Metallic: Salesforce Backup, Recovery & Sandbox Seeding – Unlimited Storage on Salesforce AppExchange, the World’s Leading Enterprise Cloud Marketplace
India – July 14, 2023 – Commvault (NASDAQ: CVLT) today announced it has launched Metallic: Salesforce Backup, Recovery & Sandbox Seeding – Unlimited Storage on Salesforce AppExchange, providing customers with dedicated protection for their Salesforce cloud data, expanding upon native capabilities to offer extended retention, data isolation, sandbox masking and seeding, rapid recovery tools, and more. Metallic: Salesforce Backup, Recovery & Sandbox Seeding – Unlimited Storage offers broad-ranging coverage across Salesforce Sales Cloud, Financial Services Cloud, Service Cloud, and Health Cloud to help safeguard data from deletion, corruption, and ransomware attacks.
Metallic: Salesforce Backup, Recovery & Sandbox Seeding – Unlimited Storage is currently available on AppExchange at https://appexchange.salesforce.com/appxListingDetail?listingId=a0N4V00000HDcS6UAL&tab=e
Metallic: Salesforce Backup, Recovery & Sandbox Seeding – Unlimited Storage
With a multi-layered security approach, Metallic: Salesforce Backup, Recovery & Sandbox Seeding – Unlimited Storage provides enterprise-grade protection, including robust security standards and built-in zero-trust access controls for production and sandbox environments. In addition, it features ease of management with a single pane of glass approach, enabling businesses to comprehensively protect their Salesforce data alongside their other critical workloads.
“Availability on AppExchange leverages Salesforce’s central marketplace to create a fast and direct method for Salesforce developers and admins to access solutions that secure, protect, and defend their environments in the face of cyberthreats,” said Param Kumarasamy, Vice President of Product Management, Commvault. “Our solution provides the critical tools that protect these environments, as well as a wide breadth of workloads, helping customers reduce downtime and rapidly recover from attack while leveraging advanced, hardened, and proactive security controls.”
“Salesforce plays a critical role in our day-to-day operations and the potential of losing that data was too high a risk for us. We needed a solution that went beyond the standard data management package to take us to the next level of protection,” said Jason Kehl, Senior Vice President of Engineering & Data Science, Vectra. “This app was the answer. With a single platform design that makes it seamless to manage not only our Salesforce data, but all workloads across our infrastructure, as well as the highest level of security offered by any cloud-based data management solution, we can rest assured that our data is in good hands. The addition of Metallic on AppExchange means that Salesforce has thoroughly tested and approved the solution, providing another layer of confidence.”
“Metallic: Salesforce Backup, Recovery & Sandbox Seeding – Unlimited Storage is a welcome addition to AppExchange, as it accelerates business transformation for customers by delivering hardened security, robust coverage, and comprehensive control, all through a single, simplistic platform, in a data protection as a service environment,” said David Lee, Vice President of Product Management, AppExchange. “AppExchange is constantly evolving to connect customers with the right apps and experts for their business needs.”
Metallic: Salesforce Backup, Recovery & Sandbox Seeding – Unlimited Storage enables customers to learn more about this solution, watch demo videos, download product-specific resources, read reviews, register for a free 30-day trial, and more. Users can also request additional information on Metallic solutions.
14, Jul 2023
Akamai Charts Course for the Next Decade of Cloud Computing with New Sites, Services, and Capabilities
Bengaluru, India — July 14, 2023 — Akamai Technologies (NASDAQ: AKAM), the cloud company that powers and protects life online, today opened the doors on three cloud computing sites that bring to life the company’s vision for a new kind of cloud designed to meet the needs of modern applications that require higher performance, lower-latency, and true global scalability current cloud architectures were not built to provide.
The new sites mark the first major step in Akamai’s push to put compute, storage, database, and other services on top of the same underlying backbone that powers its edge network today — a massively distributed footprint spanning more than 4,200 locations across 134 countries.
“Distributed workloads require distributed infrastructure,” said Adam Karon, chief operating officer and general manager, Cloud Technology Group, Akamai Technologies. “Legacy, centralized cloud architecture was not designed for the demands of developers and companies challenged with delivering better user experiences that increasingly require putting applications and data closer to the customer.”
Akamai is taking a fundamentally new approach to cloud computing that shifts how developers and companies build, deploy, and secure applications and data across the entire continuum of computing from core to edge. For the rollout of the new sites, Akamai reimagined conventional data center design principles. In addition to scaling its core cloud computing services, Akamai also used its vast content delivery experience to connect each site to the company’s massive global backbone. In doing so, Akamai brings the simplicity, affordability, and accessibility of its Linode-based cloud computing services to larger commercial customers on an architecture built for the next decade, not the last.
Five New Sites
Strategically located in Paris, Washington, D.C., and Chicago, with Seattle and Chennai, India opening later this quarter, Akamai’s new sites feature a new architecture design and hardware configuration to enable high-performance, scalable cloud resources for commercial users on the Akamai global network.
Akamai’s new site in Washington, D.C., puts a stake in the ground in what is often considered the data center hub of the world. Northern Virginia contains more than half of the total primary data center market inventory in the United States.
The company’s new Chicago site gives Akamai customers access to cloud computing services in the fifth top data center market in the world. It’s an attractive replication option for latency-sensitive, multicloud workloads running in Philadelphia and Washington.
Akamai’s presence in Seattle gives the company access to a growing community of developer and startup customers. Seattle is the eighth-largest market in the U.S. and has become a major data center hub for companies in the Pacific Northwest.
Its new Paris site positions Akamai to help companies in the European Union address growing data sovereignty challenges. Paris has the highest density data center capacity in Europe.
Akamai’s new site in Chennai will give the company greater access to one of the largest IT hubs in India. In an April 2023 survey of its partners, Akamai found that 48% of respondents in India estimated that between 21-40% of IT budgets would be spent on cloud.
“Next generation applications demand cloud infrastructure that provides dramatically lower latency and better egress than what’s currently possible from today’s legacy cloud providers,” said Karon. “What we’re building is designed for that new world. We have a unique advantage of seeing the cloud from a different perspective than most given the nature of our business and customer base. And the feedback we increasingly hear, not only from our own customers but our competitors’ customers, is that our edge-in vision solves many of the scale and portability challenges they face with the current centralized cloud options available to them.”
New Premium Instances
The company also announced new premium instances that deliver consistent performance, predictable resource and budget allocation, and simpler SKU management for larger commercial workloads. The new instance types guarantee assignment to the best performing processor and hardware combination available. They can also make it easier to manage multiple deployments and upgrades without complicated SKU matching which can often see in excess of 100,000 changes a month across the top three legacy hyperscale providers. The new premium service, available across each of the company’s newly launched sites, adds to Akamai’s existing shared and dedicated offerings.
Doubling Object Storage Capacity
Additionally, Akamai announced it doubled the capacity of its object storage product to one petabyte and one billion objects per bucket. The upgrade allows businesses to access higher data volumes to build scalable, performant, and low-latency cloud-native applications and analytics solutions. Clusters with the increased limits will be available in the new sites announced today.
New Global Load Balancer
Lastly, the company announced plans to launch Akamai Global Load Balancer later this quarter, the first of several planned integrated services following Akamai’s acquisition of Linode. The new global load balancing capabilities ensure no single point of failure, routing traffic requests to the optimal data center to minimize latency.
Akamai Global Load Balancer bridges existing functionality of Linode NodeBalancers for local traffic load balancing, with existing Akamai Global Traffic Manager and Application Load Balancer services. The resulting integration allows customers to select between local and global load balancing across Akamai’s network and rapidly expanding number of sites. The introduction of Akamai Global Load Balancer is a critical component of Akamai’s connected cloud vision.
The new cloud computing sites and capabilities are part of Akamai Connected Cloud, a massively distributed edge and cloud platform for cloud computing, security, and content delivery that keeps applications and experiences closer and threats farther away. Announced in February, Akamai Connected Cloud builds on 25 years of experience scaling and securing the internet for the biggest companies in the world.
More information about Akamai Connected Cloud and Akamai Cloud Computing Services is available on the Akamai website.
14, Jul 2023
Saint Louis University Launches LevelUP; Guarantees Work Experiences for International Students Upon Graduation
July 14th, 2023 | India – In the current landscape of the workplace in the United States, many companies are hesitant to hire international students, largely due to misconceptions that the process is time-consuming, expensive and inconvenient. These misconceptions create barriers that leave international students at a significant disadvantage in the American job market.
Recognizing this challenge, Saint Louis University (SLU) has boldly launched the LevelUP program for its international students. LevelUP is a career-orientated pathway guaranteeing work experience opportunities to students. It seeks to boost the employability of international students with an assurance of career preparedness.
Saint Louis University announced LevelUP during recent events in Mumbai and Hyderabad.
“I am elated to announce the launch of Saint Louis University’s LevelUP program, which revolutionizes the career trajectory of international students in the United States,” said Luchen Li, Ph.D., Associate Vice President for Global Engagement and International Enrollment at SLU.
The program’s comprehensive support system not only prepares students for their chosen careers but also dispels the misconceptions surrounding the hiring process for international students. By doing so, LevelUP empowers international students to excel in their chosen fields, stand out in the job market and achieve their career aspirations.
LevelUP provides a journey map for professional success. With access to opportunities such as internships, career events, workshops, competitions and more, the program equips students with the tools they need to thrive at SLU and beyond.
This exceptional program is made possible through SLU’s unique partnership with Excelerate, the world’s first platform for gaining 21st-century skills through personalized experiences and internship opportunities from anywhere in the world. Through the Excelerate platform, students participating in LevelUP can map their journey to success, track their progress and will get a guaranteed work experience w upon completion of LevelUP.
Eric Armbrecht, Ph.D., Saint Louis University’s Associate Provost and Director of SLU’s Global Graduate Program, noted that modern universities must focus on supporting the achievement of students’ career goals and personal ambitions.
“Saint Louis University’s LevelUp program reaffirms our pledge to support international students by guaranteeing the experiences known to provide advantages, Armbrecht said. “LevelUp complements SLU’s long-standing excellence in teaching, research and healthcare, and the Excelerate platform enables us to connect with people all over the world in a new way.”
14, Jul 2023
Paytient officially closes $7.5M in venture debt from Silicon Valley Bank to help Americans access and afford healthcare
Columbia, MO, July 14, 2023 – Paytient, the creator and leading provider of Health Payment Accounts (HPAs) on 13 July announced it has finalized a $7.5M venture debt facility with Silicon Valley Bank (SVB), a division of First Citizens Bank, which was first announced in January of this year. Since it was founded in 2018, the company has raised $55.5M in equity from leading investors including Mercato, Bertelsmann Investments, Lightbank, Felicis Ventures, Box Group, Lachy Groom, Left Lane Capital, Commerce Bank, Crossbeam Ventures, Cultivation Capital, and Inspired Capital.
Today, Paytient serves over 1,000 enterprise clients in partnership with most of the Fortune 100’s major payors. The company’s Health Payment Account solution is offered by three major carriers alongside individual marketplace health plans in seven states, four major dental carriers, and has been white labeled into a number of digitally forward health benefits companies like Gravie, who is thoughtfully enabling patient access via Gravie Pay. Members have given Paytient 4.9 stars on Trustpilot and a 90+ NPS.
The funds will be used to develop new product features for release later this year in pursuit of the company’s mission to not only ensure people have the power to pay for healthcare but also to help them more easily access quality care for better prices. As healthcare prices are expected to rise 7% in 2024, solutions that increase access while lowering costs are becoming increasingly important to payers and self-funded groups.
“In March, I shared my faith in our friends at SVB—particularly Dennis Grunt and Matt Johnson— and my belief that innovation will always outrun fear in the long run as they worked to rebuild trust. As promised, we have continued our relationship, and we are grateful for the faith they have put in us by extending capital we’ll use to grow in this next chapter of Paytient’s mission to help Americans better access and afford healthcare,” said Paytient founder and CEO Brian Whorley.
“With its innovative solutions and extensive partnerships, Paytient is helping Americans access and afford quality healthcare care,” said Dennis Grunt, Market Manager and Midwest and Mid-Atlantic Lead with SVB. “Silicon Valley Bank has a long-standing history of supporting companies, like Paytient, who are working to improve the lives of others. We’re excited to continue to work closely with Brian and the Paytient team and provide them with the financial products and advice they need to grow their business and help more people manage their healthcare costs. “
14, Jul 2023
Discover White Sharks and More in 3d! Cutting-edge, Interactive Shark and Ray Displays Bring the Ocean to Life
14 July 2023 – SHARK AWARENESS DAY
The Save Our Seas Foundation (SOSF) is bringing sharks to life, thanks to interactive 3D models that will be available across various platforms. Visitors to the World of Sharks website can investigate the biology and evolution of sharks and rays by rotating first-of-their-kind models online at the SOSF’s flagship information repository. Young South African learners will dive into unravelling the mysteries of different shark species and their lives on the SOSF Shark Education Centre’s website.
Have you ever wondered how many kinds of sharks there are? Which is the biggest shark or the fastest? For these answers and lots more, the Save Our Seas Foundation’s (SOSF’s) World of Sharks website is the one-stop shop for shark information. Designed to provide scientifically accurate information in an engaging format, World of Sharks is where you can find infographics, podcast episodes, species cards and topic pages covering everything you’ve ever wanted to know about sharks and rays.
“We wanted World of Sharks to be the ultimate shark FAQ – created to answer all the questions people want to ask about sharks and rays,” says SOSF CEO Dr James Lea. “Through engaging and accessible content, we hope to grow a repository of fascinating shark facts that people can trust.”
And now, with this latest addition, the website will host interactive 3D white shark and manta ray models designed by the Digital Life Project at the University of Massachusetts (UMASS) in collaboration with the SOSF.
“I was really wanting to create something 3D and interactive, where visitors to the World of Sharks can explore in an engaging way that highlights the unique physiology and evolution of sharks and rays and demystifies their unique adaptations,” explains Jade Schultz, content manager for the SOSF.
The Digital Life team, led by Professor Duncan Irschick, in collaboration with CG artist Johnson Martin and UMASS Amherst undergraduates Emma Hsiao and Braedon Fedderson, used media provided by the SOSF and data and open-access images to reconstruct these 3D shark species.
The interactive biology models enable website users to learn about different elements of shark and ray physiology. For instance, just allowing the cursor to hover over key features will bring up information on everything from how manta rays filter feed and why they are under threat to facts about how scientists use sharks’ dorsal fins to identify individuals in a population. The 3D models are open access, and free to view and download for non-profit use.
Although concerted efforts by researchers and educators are turning the tide for sharks and rays, significant challenges remain. More than one-third of these species are under threat of extinction, which means we still have much work to do to change misconceptions, banish misinformation and empower people with useful information so that they can also participate in conservation.
“The key to all our understanding of sharks – why they do what they do and what is needed to help them recover – relies on there being a foundation of basic, reliable life history information,” says Dr Lea.
The SOSF has a strong legacy of using communication and storytelling to do this, but this most recent commission with innovators from UMASS harnesses the power of creative design and technological advancement. The World of Sharks makes the reach for this kind of information global, but the SOSF is also excited to present very detailed and accurate information at the local scale.
Young visitors to the SOSF Shark Education Centre (SOSF-SEC) in Cape Town, South Africa, have an incredible opportunity to explore the rocky shores nearby in the Dalebrook marine protected area. This kind of in-person experience is irreplaceable, but to dive deeper into the reaches offshore requires technological wizardry and creative flair. A new website for the SOSF-SEC will host a diversity of 3D sharks that are found in False Bay, the largest bay in southern Africa. Children who would never otherwise dip below the waves to see these sharks will now be able to watch, for example, an endemic (found nowhere else in the world) catshark curl into a defensive doughnut-shape. Whether on iPads in the centre or at home online, learners can marvel at the most amazing feats of the sharks that live on their doorstep. Simulating behaviours like spyhopping in white sharks and demonstrating how sharks move in their environment give children an immersive experience, regardless of whether they have access to the ocean.
Still in the throes of the brainstorming and development that will expand these tools to their full potential, the director of the SOSF-SEC, Dr Clova Mabin, enthuses, “We also think that it might be possible to use the tools as a teaching aid in the classroom, to simulate field work. Learners could view them on the iPads and potentially take various measurements, comparing them across the different species.”
13, Jul 2023
Unprecedented Psoriasis Results: 92% Success Rate with Steroid-Free ARCTIVA™ Cream
SOLON, Ohio (July 13, 2023) – ARCTIVA™ Psoriasis Cream is an innovative solution for psoriasis sufferers, according to a third-party consumer panel. The independent study produced 47 data points over 60 days. It showed that 92% of users experienced calmer, more moisturized skin and significantly reduced psoriasis symptoms using the proprietary cream.
ARCTIVA Psoriasis Cream is a steroid-free, medicated formulation which features 2% salicylic acid as an FDA-approved active ingredient. It is the only psoriasis product enhanced with HYDROSURF™—a powerful blend of fermented ingredients that are ideal for products targeting dry skin conditions such as psoriasis. The formula also features key vitamins, essential oils and botanicals. The unique blend of synergistic ingredients provides significant relief of itching, redness and flaking. Consistent use of the cream led to continued improvement of psoriasis symptoms throughout the study.
“Our proprietary ARCTIVA Psoriasis Cream has been formulated with essential ingredients to provide deep relief and hydration to psoriasis sufferers,” said Vic Peroni, chief operating officer of ARCTIVA Wellness. “The study’s compelling results demonstrate that we have succeeded in developing an effective, steroid-free psoriasis solution to alleviate pain and irritation.”
The ARCTIVA™ Psoriasis Cream study revealed that users experienced significant improvements:
- After one day, 89% experienced soothed skin
- Within two weeks, 81% had less flakes and sloughing, while 89% experienced less itching
- Within 60 days, 92% experienced calmer, more moisturized skin
ARCTIVA Psoriasis Cream is manufactured in the U.S. and comes with a 60-day money-back guarantee. It can be purchased online at arctivaskin.com and Amazon.
13, Jul 2023
Capalona launches its new business loan
Capalona launches its new business loan comparison engine to help SMEs compare business finance products.
Flintshire, UK. 13th July 2023 – Capalona.co.uk is excited to announce its new and improved business loan comparison service, which now includes example costs of lender products, rates, monthly loan cost, and total repayable. There’s also now a ‘more details’ expandable panel to give borrowers more product information.
13, Jul 2023
Chingari And Bolt Global Team Up To Bring India’s Leading Content Creators Onto Social TV
Bengaluru, 13th July 2023: Across the rise and peak of web2 platforms, content creators have learned that it’s their imagination and work upon which a platform’s success relies.
Any benefits have been greatly skewed towards the operator on web2, rather than the creator. So it’s no surprise that as the digital world transitions into web3, platforms are emerging that offer a much fairer deal to the millions of people who are developing that amazing content.
Leading the charge are Chingari and Bolt+. Both platforms are tightly focused on building a sustainable creator economy that benefits everyone fairly. Platforms upon which creators can build a community, a content catalogue to be proud of, and a genuine career.
Chingari is one of India’s biggest rising social stars, offering a social, short-form video platform that’s supercharged with a vibrant web3 ecosystem. With more than 50 million users and boasting over 1.6 billion views, it topped the Indian download charts and provided a home to the country’s biggest creators, along with their huge communities of fans.
Bolt has approached social content from a different angle. Bolt+ is a web3 content-sharing platform with a smart TV app that’s pre-installed on over 8 million TVs, a self-custody BoltX digital asset wallet, and its own EVM-compatible media-focused blockchain, BoltChain. Combined with the BoltOS toolset, content creators have everything they need to launch, operate, and earn from their very own interactive TV channels.
“A partnership between Chingari and Bolt was an easy choice,” says Sumit Ghosh, CEO and co-founder at Chingari. “We share a lot of the core values, not least of them being a fair and sustainable economy for content creators. So we’re kickstarting our partnership by launching a Chingari TV channel on Bolt+. This new social TV experience allows us to bring some of India’s most popular and prolific content creators to television for the first time.”
Legions of fans, who are already using the Chingari mobile app, can now watch their favourite creators on the silver screen through the Bolt+ smart TV app. A whole new audience can watch, engage with, and support creators from the living room through the dedicated social TV experience Sumit is talking about.
This also heralds Bolt’s big push into India. While already massively popular across Australia, Africa, South Africa, South Asia, and Europe, Bolt has been acutely aware of the untapped creative talent awaiting it in India. The opportunity for those creators to make the leap onto TV without sacrificing the interactive aspects of their existing communities has never been more achievable.
“India is a country that’s been able to see the benefits of web3 for a long time,” says Bolt Global CEO Jamal Hassim. “Millions of content creators have been waiting for that revolution to happen. That’s clear from the meteoric rise of Chingari and the rapid adoption of its web3 technology by those millions of talented content stars. Those same creators now have the potential to also broadcast their content on TV. That’s the ultimate goal of online creators who are working to turn their content into a real career – one that’s even shared by the likes of Mr Beast and Lilly Singh. This partnership between Bolt and Chingari not only makes it possible for every one of them to do this, but makes it easy.”
Bolt and Chingari have a lot more in the works as their partnership grows. This initial expansion into the world of social TV for creators and across the Indian territory for the web3 content delivery platform is an exciting first step that everyone is invited to join in with.
