The ReelStar app, a Web 3.0 integrated social media platform, has launched ReelToken (REELT). In its initial token offering (ITO), ReelStar aims to raise $4.98 million through private sales, along with an additional $31.275 million through public sales. It has established a supply of 15 billion REELT, of which 5 percent is limited to ITO and private sales.
The company said in a press release that it will feature a non-fungible token (NFT) creation feature in the app and an NFT marketplace in an easy-to-use and familiar environment for both Android and iOS devices. NFTs created in the app can be integrated with comprehensive smart contract technology, regardless of the format or style of social media content, the company said.
“The social media functionality incorporates the best features of several existing apps into a single app. The ReelStar app’s payment functionality works through the built-in digital wallet that can store fiat as well as digital assets, such as coins and tokens, including NFTs, and provides access to the global utility of a debit card and fiat currency,” the statement said.
Navdeep Sharma, Co-Founder, Reel Star, says, “Our app will provide global opportunities as well as a Web 3.0 passport to every creator and artist. Anyone with a flair for artistic creativity or the ability to entertain an audience is most welcome to join our platform.”
Liminal partners with Metamask Institutional to increase institutional crypto adoption
Liminal, a digital wallet infrastructure platform, has announced a strategic alliance with Metamask Institutional, a global decentralized finance (Defi) wallet and Web 3.0 gateway for organizations, to drive institutional crypto adoption.
According to the company, Liminal users will now be able to link their Liminal wallets at the click of a button with Metamask Institutional and use it just as they would use the de-facto Ethereum wallet app, i.e. Metamask with the added security of Multi -Sig and all the advantages of Liminal wallets.
Liminal institutional users can now access and leverage the liquidity of a number of Defi dApps, it said.
Liz Mathew, global head of growth and partnerships for MetaMask Institutional, says: “The introduction of Liminal as a manager under Metamask Institutional provides more choice to Metamask Institutional clients and solidifies MMI’s position as the premier institutional wallet for Web 3.0.”
