Indian Web3 social platform ReelStar completes over $5 million fundraising through ITO

ChainCatcher news, according to businessinsider, the Web3 social platform ReelStar announced the completion of a $5 million fundraising through the ITO (Initial Token Offering) of its utility token ReelToken (REELT). ReelStar was co-founded by Indian cricket veteran Irfan Pathan, aiming to establish an open global community network.

It is reported that ReelStar integrates various social media, Web3, and payment features, allowing users to create NFT-based generated content. Currently, ReelStar is based on Polygon and BSC, and will expand to other blockchains as needed. The company plans to phase the public offering to raise an additional $31.27 million. (businessinsider)