Indian cricketer Irfan Pathan launches logos for web3 startup ReelStar

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

Indian cricketer Irfan Pathan launched the logos of 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 features and provides creators with in-app tools and global access.

The platform’s REELT token is based on a multi-blockchain platform and the architecture uses 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 energize and invigorate the global media and entertainment industry. Our app will provide a global platform for creators, enabling a positive network of communities that inspire connection, collaboration, and inclusion. Our UVP lies in our transparency and easy-to-use platform that is accessible to almost anyone to create, collect, trade and monetize an exciting range of NFTs and user-generated content,” Navdeep Sharma, Co-Founder from ReelStar.

ReelStar also said it has raised over $5 million through the initial token offering (ITO) of its utility token ReelToken (REELT). The initial token offering raises funds via cryptocurrencies.

The web3 startup is aiming to raise an additional $31.27 million via public staging, according to the company.

ReelStar will be the title sponsor of the Indian Sneaker Festival taking place in December 2022. ReelStar’s advisory board includes global crypto experts like Evan Luthra, Naveen Kapoor, and Indian-American serial entrepreneur Nikita Sachdev, among others.

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