Latest news with #AvinashDuggar
Economic Times
4 days ago
- Business
- Economic Times
ULLU launches UlluCoin, marks entry into Web3 with backing from Cypher Capital
Indian OTT platform ULLU has announced the official launch of UlluCoin, a utility token designed to integrate blockchain-based functionality across its digital content ecosystem. The company said the token will support user engagement, unlock premium content, enable in-app redemptions, and offer fan rewards, as part of its broader shift into the Web3 space. ADVERTISEMENT ULLU, known for its bold and original content, currently has over 42 million active users and more than 109 million app downloads since its launch in 2018. The company said UlluCoin is being issued by a newly created entity and will have a maximum supply of 100 billion tokens. 'This is a big moment for India and for ULLU. We've always strived to stay ahead of the curve, empowering users, unlocking new value for creators, and building a smarter entertainment economy,' said Avinash Duggar, CEO of ULLU. 'UlluCoin is more than just a token; it's a full-stack utility ecosystem built on one of the most active OTT platforms in the region. With over 109 million downloads and 42 million active subscribers, ULLU offers native distribution, unmatched engagement, and a powerful use case for real-world blockchain adoption,' he added. Dubai-based venture capital firm Cypher Capital has backed the launch through a strategic early-stage investment. The firm, which focuses on blockchain and emerging technologies, has previously invested in several Web3 projects. 'At Cypher Capital, we look for projects that combine massive user scale with real-world utility and UlluCoin fits that vision perfectly. We're excited to back and help UlluCoin scale globally,' said Harsh Agarwal, Investment Director at Cypher Capital. ADVERTISEMENT Chainsense Ltd. has been onboarded as UlluCoin's official Web3 partner, and will lead work related to blockchain infrastructure, tokenomics, and global expansion.'Web3 is our gateway to scaling businesses globally, and ULLU is the perfect example. Chainsense Ltd has joined as UlluCoin's official Web3 partner, leading blockchain infrastructure, tokenomics, and global expansion,' said Ganesh Lore of Chainsense. ADVERTISEMENT UlluCoin will initially be distributed through the ULLU app and the official website, The company said this approach is aimed at preventing scams and ensuring a secure rollout. The token is not yet listed on exchanges, but the listing process is underway.'We've officially launched Ullu Coin today. While the listing process will take around 1–2 months to complete, we're currently distributing the coins for free on our platform basis subscription,' a company spokesperson said. ADVERTISEMENT 'Once listed on crypto exchanges, Ullu Coin will be usable anywhere crypto is accepted, just like other mainstream cryptocurrencies. Whether it's real estate transactions or broader crypto ecosystems, Ullu Coin will seamlessly integrate. Much like Jio's strategic partnership with Polygon, we've formed a similar alliance with Cypher to strengthen our blockchain infrastructure,' the spokesperson said its roadmap for UlluCoin includes features like creator rewards, live fan events, interactive quests, and token-gated marketplaces, as it looks to expand its footprint both in India and globally. (Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
4 days ago
- Business
- Time of India
ULLU launches UlluCoin, marks entry into Web3 with backing from Cypher Capital
Indian OTT platform ULLU has announced the official launch of UlluCoin , a utility token designed to integrate blockchain-based functionality across its digital content ecosystem. The company said the token will support user engagement, unlock premium content, enable in-app redemptions, and offer fan rewards, as part of its broader shift into the Web3 space. ULLU, known for its bold and original content, currently has over 42 million active users and more than 109 million app downloads since its launch in 2018. The company said UlluCoin is being issued by a newly created entity and will have a maximum supply of 100 billion tokens. Explore courses from Top Institutes in Select a Course Category healthcare Management Product Management Leadership Project Management Digital Marketing Healthcare Data Science CXO Artificial Intelligence Data Science Cybersecurity Technology Data Analytics MBA Degree PGDM Others Operations Management Design Thinking others Public Policy Finance MCA Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML Healthcare Management India Starts on undefined Get Details 'This is a big moment for India and for ULLU. We've always strived to stay ahead of the curve, empowering users, unlocking new value for creators, and building a smarter entertainment economy,' said Avinash Duggar, CEO of ULLU. Crypto Tracker TOP COIN SETS NFT & Metaverse Tracker 19.28% Buy Smart Contract Tracker 13.44% Buy Web3 Tracker 11.30% Buy BTC 50 :: ETH 50 10.19% Buy DeFi Tracker 8.09% Buy TOP COINS (₹) XRP 281 ( 10.8% ) Buy Ethereum 297,700 ( 9.88% ) Buy BNB 61,610 ( 3.25% ) Buy Tether 86 ( 0.17% ) Buy Bitcoin 10,185,588 ( -0.3% ) Buy 'UlluCoin is more than just a token; it's a full-stack utility ecosystem built on one of the most active OTT platforms in the region. With over 109 million downloads and 42 million active subscribers, ULLU offers native distribution, unmatched engagement, and a powerful use case for real-world blockchain adoption,' he added. Did you Know? The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors. View Details » Dubai-based venture capital firm Cypher Capital has backed the launch through a strategic early-stage investment. The firm, which focuses on blockchain and emerging technologies, has previously invested in several Web3 projects. Live Events 'At Cypher Capital, we look for projects that combine massive user scale with real-world utility and UlluCoin fits that vision perfectly. We're excited to back and help UlluCoin scale globally,' said Harsh Agarwal, Investment Director at Cypher Capital. Chainsense Ltd. has been onboarded as UlluCoin's official Web3 partner, and will lead work related to blockchain infrastructure, tokenomics, and global expansion. 'Web3 is our gateway to scaling businesses globally, and ULLU is the perfect example. Chainsense Ltd has joined as UlluCoin's official Web3 partner, leading blockchain infrastructure, tokenomics, and global expansion,' said Ganesh Lore of Chainsense. UlluCoin will initially be distributed through the ULLU app and the official website, . The company said this approach is aimed at preventing scams and ensuring a secure rollout. The token is not yet listed on exchanges, but the listing process is underway. 'We've officially launched Ullu Coin today. While the listing process will take around 1–2 months to complete, we're currently distributing the coins for free on our platform basis subscription,' a company spokesperson said. 'Once listed on crypto exchanges, Ullu Coin will be usable anywhere crypto is accepted, just like other mainstream cryptocurrencies. Whether it's real estate transactions or broader crypto ecosystems, Ullu Coin will seamlessly integrate. Much like Jio's strategic partnership with Polygon, we've formed a similar alliance with Cypher to strengthen our blockchain infrastructure,' the spokesperson added. ULLU said its roadmap for UlluCoin includes features like creator rewards, live fan events, interactive quests, and token-gated marketplaces, as it looks to expand its footprint both in India and globally. ETMarkets WhatsApp channel )
The Wire
4 days ago
- Business
- The Wire
ULLU OTT Platform Announces Official Launch of UlluCoin with Strategic Backing from Cypher Capital
Mumbai, Maharashtra, India – Business Wire India ULLU has officially launched UlluCoin, the official utility token designed to drive blockchain-powered engagement across its expanding digital ecosystem. ULLU is one of India's fastest-growing OTT platforms, with over 42 million active users and a strong presence in bold, original content since its launch in 2018. The introduction of UlluCoin signals the platform's entry into the Web3 space, integrating digital entertainment and decentralized innovation. Issued by a newly established entity, UlluCoin has a maximum supply of 100 billion tokens, laying the foundation for a new phase of immersive experiences within the ULLU universe. As one of the first leading OTT platforms making the transition from Web2 to Web3, ULLU is pioneering this evolution through UlluCoin. Cypher Capital Markets, a Dubai-based venture capital firm with a strong focus on blockchain, crypto, and emerging technologies, is playing a key role in the strategic early-stage investment round of this highly anticipated launch. Known for its successful early investments in leading Web3 projects, the firm brings deep industry expertise and global scale, reinforcing the momentum behind UlluCoin's entry into the digital asset space. Harsh Agarwal, Investment Director, Cypher Capital, says, 'At Cypher Capital, we look for projects that combine massive user scale with real-world utility and UlluCoin fits that vision perfectly. We're excited to back and help UlluCoin scale globally.' On the launch, Avinash Duggar, CEO of ULLU, said, 'This is a big moment for India and for ULLU. We've always strived to stay ahead of the curve, empowering users, unlocking new value for creators, and building a smarter entertainment economy.' He added, 'UlluCoin is more than just a token; it's a full-stack utility ecosystem built on one of the most active OTT platforms in the region. With over 109 million downloads and 42 million active subscribers, ULLU offers native distribution, unmatched engagement, and a powerful use case for real-world blockchain adoption.' Mr. Ganesh Lore of Chainsense Ltd. stated, 'Web3 is our gateway to scaling businesses globally, and ULLU is the perfect example. Chainsense Ltd has joined as UlluCoin's official Web3 partner, leading blockchain infrastructure, tokenomics, and global expansion.' UlluCoin will unlock premium content, enable in-app redemptions, and power fan rewards across ULLU's growing platform. As the platform expands globally, it aims to blend bold content with meaningful token utility. To ensure user safety and prevent scams, UlluCoin will only be available through the ULLU App and the official website, With a robust roadmap featuring creator rewards, live events, quests, and token-gated marketplaces, UlluCoin is positioned as one of the most utility-driven and culturally resonant tokens in the consumer Web3 space. The project is currently finalising listings and will release further information on exchange partnerships and public sale dates in the coming weeks. To View the Image, Click on the Link Below: ULLU OTT Platform Announces Official Launch of UlluCoin with Strategic Backing from Cypher Capital (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). This is an auto-published feed from PTI with no editorial input from The Wire.
Business Upturn
4 days ago
- Business
- Business Upturn
ULLU OTT Platform Announces Official Launch of UlluCoin with Strategic Backing from Cypher Capital
ULLU has officially launched UlluCoin, the official utility token designed to drive blockchain-powered engagement across its expanding digital ecosystem. Business Wire India ULLU has officially launched UlluCoin, the official utility token designed to drive blockchain-powered engagement across its expanding digital ecosystem. ULLU is one of India's fastest-growing OTT platforms, with over 42 million active users and a strong presence in bold, original content since its launch in 2018. The introduction of UlluCoin signals the platform's entry into the Web3 space, integrating digital entertainment and decentralized innovation. Issued by a newly established entity, UlluCoin has a maximum supply of 100 billion tokens, laying the foundation for a new phase of immersive experiences within the ULLU universe. As one of the first leading OTT platforms making the transition from Web2 to Web3, ULLU is pioneering this evolution through UlluCoin. Cypher Capital Markets, a Dubai-based venture capital firm with a strong focus on blockchain, crypto, and emerging technologies, is playing a key role in the strategic early-stage investment round of this highly anticipated launch. Known for its successful early investments in leading Web3 projects, the firm brings deep industry expertise and global scale, reinforcing the momentum behind UlluCoin's entry into the digital asset space. Harsh Agarwal, Investment Director, Cypher Capital, says, 'At Cypher Capital, we look for projects that combine massive user scale with real-world utility and UlluCoin fits that vision perfectly. We're excited to back and help UlluCoin scale globally.' On the launch, Avinash Duggar, CEO of ULLU, said, 'This is a big moment for India and for ULLU. We've always strived to stay ahead of the curve, empowering users, unlocking new value for creators, and building a smarter entertainment economy.' He added, 'UlluCoin is more than just a token; it's a full-stack utility ecosystem built on one of the most active OTT platforms in the region. With over 109 million downloads and 42 million active subscribers, ULLU offers native distribution, unmatched engagement, and a powerful use case for real-world blockchain adoption.' Mr. Ganesh Lore of Chainsense Ltd. stated, ' Web3 is our gateway to scaling businesses globally , and ULLU is the perfect example . Chainsense Ltd has joined as UlluCoin's official Web3 partner , leading blockchain infrastructure , tokenomics , and global expansion .' UlluCoin will unlock premium content, enable in-app redemptions, and power fan rewards across ULLU's growing platform. As the platform expands globally, it aims to blend bold content with meaningful token utility. To ensure user safety and prevent scams, UlluCoin will only be available through the ULLU App and the official website, With a robust roadmap featuring creator rewards, live events, quests, and token-gated marketplaces, UlluCoin is positioned as one of the most utility-driven and culturally resonant tokens in the consumer Web3 space. The project is currently finalising listings and will release further information on exchange partnerships and public sale dates in the coming weeks. Disclaimer: The above press release comes to you under an arrangement with Business Wire India. Business Upturn take no editorial responsibility for the same. Ahmedabad Plane Crash
