Indian cricketer Irfan Pathan launches logos of web3 startup ReelStar

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  • Indian experienced cricketer Irfan Pathan launched the logos of web3 venture ReelStar.
  • The web 3 startup has also raised $5 million Initial token offering (ITO) of its utility token, REEL.
  • ReelStar’s board of advisors includes crypto experts such as Evan Luthra, Naveen Kapoor and Indian-American serial entrepreneur Nikita Sachdev.

Indian cricketer Irfan Pathan launched the logos for an Indian Web3-integrated social media platform, ReelStar, at an event in Melbourne on Monday.

Founded by Navdeep Sharma and Nick Bahl, ReelStar integrates multiple social media, web3 and payment functionalities and provides creators with in-app tools and global access.

The platform’s token REELT is based on a multi-blockchain platform and its architecture uses the Polygon (MATIC) and Binance Smart Chain (BSC). If necessary, it can be extended to other blockchain networks, the startup said in a press release.

“ReelStar aims to revitalize and reinvigorate the global media and entertainment industry. Our app provides creators with a global platform, enabling a positive network of communities that inspire connection, collaboration and inclusion. Our UVP lies in our seamlessness and user-friendly platform that is accessible to almost anyone to create, collect, trade and monetize an exciting array of NFTs and user-generated content,” Navdeep Sharma, Co-Founder of ReelStar .

ReelStar also said it raised more than $5 million with the Initial Token Offering (ITO) of its utility token ReelToken (REELT). Initial Token Offering raises money through cryptocurrencies.

The web3 startup aims to raise an additional $31.27 million through phased releases to the public, according to the company.

ReelStar will be the main sponsor of the Indian Sneaker Festival which will take place in December 2022. ReelStar’s Board of Advisors includes global crypto experts such as Evan Luthra, Naveen Kapoor, and Indian-American serial entrepreneur Nikita Sachdev.

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