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ULLU OTT Platform Announces Official Launch of UlluCoin with Strategic Backing from Cypher Capital

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ULLU OTT Platform Announces Official Launch of UlluCoin with Strategic Backing from Cypher Capital
News

News

ULLU OTT Platform Announces Official Launch of UlluCoin with Strategic Backing from Cypher Capital

2025-07-22 16:31 Last Updated At:16:40

NEW YORK & DUBAI, United Arab Emirates--(BUSINESS WIRE)--Jul 22, 2025--

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, launched with strategic backing from Cypher Capital and Chainsense Ltd.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250721129565/en/

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 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 users worldwide, ULLU offers native distribution, unmatched engagement, and a powerful use case for real-world blockchain adoption.”

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, ullucoin.io. With one of the largest user bases in the Indian OTT space and steady daily new user footfall, ULLU is launching a reward system where current and future users earn free coins as points. These points, gained through actions like signing up, sharing, or subscribing, can be redeemed as UlluCoin.

The project is currently finalising listings and will release further information on exchange partnerships and public sale dates in the coming weeks.

ULLU OTT Platform Announces Official Launch of UlluCoin with Strategic Backing from Cypher Capital

ULLU OTT Platform Announces Official Launch of UlluCoin with Strategic Backing from Cypher Capital

The fatal shooting Wednesday of a woman by an immigration officer in Minneapolis was at least the fifth death to result from the aggressive U.S. immigration crackdown the Trump administration launched last year.

The Department of Homeland Security said the officer fired in self-defense as 37-year-old Renee Nicole Macklin Goodtried to run down officers with her vehicle. Minneapolis Mayor Jacob Frey said video of the incident showed it was reckless and unnecessary. It occurred as the federal agency escalates immigration enforcement operations in Minnesota by deploying an anticipated 2,000 agents and officers.

Last September, Immigration and Customs Enforcement fatally shot another person outside Chicago. Two people have died after being struck by vehicles while fleeing immigration authorities. And a California farmworker fell from a greenhouse and broke his neck during an ICE raid last July.

No officers or agents have been charged in the deaths.

ICE agents fatally shot Silverio Villegas González during a traffic stop Sept. 12 in suburban Chicago. Relatives said the 38-year-old line cook from Mexico had dropped off one of his children at day care that morning.

At the time, the Department of Homeland Security said federal agents were pursuing a man with a history of reckless driving who entered the country illegally. They alleged Villegas González evaded arrest and dragged an officer with his vehicle.

Homeland Security said the officer opened fire fearing for his life and was hospitalized for “serious injuries.” However, local police body camera videos showed the agent who shot Villegas González walking around afterward and dismissing his own injuries as “nothing major.”

Homeland Security has said the death remains under investigation.

Another shooting, this one non-fatal, occurred in Chicago last fall. Marimar Martinez survived being shot five times by a Border Patrol agent but was charged with a felony after Homeland Security officials accused her of trying to ram agents with her vehicle. The case was dismissed after videos emerged that Martinez’s attorneys said showed an agent steering his vehicle into Martinez’s truck.

Immigration authorities were rounding up dozens of farmworkers July 10 at Glass House Farms in southern California when Jaime Alanis fell from the roof of a greenhouse and broke his neck. The 57-year-old laborer from Mexico died at a hospital two days later.

Relatives said Alanis had spent a decade working at the farm, a licensed cannabis grower that also produces tomatoes and cucumbers, located in Camarillo about an hour east of Los Angeles. They said he would send his earnings to his wife and daughter in Mexico.

During the raid, Alanis called family to say he was hiding. Officials said he fell about 30 feet (9 meters) from the greenhouse roof.

The Department of Homeland Security said Alanis was never in custody and was not being chased by immigration authorities when he climbed onto the greenhouse.

A man running away from immigration authorities outside a Home Depot store in southern California died after being hit by an SUV while he tried to cross a nearby freeway on Aug. 14.

Police in Monrovia northeast of Los Angeles said ICE agents were conducting enforcement operations when the man fled on foot to Interstate 210. He was running across the freeway's eastbound lanes when an SUV hit him while traveling 50 or 60 mph miles (80 or 97 kph). He died at a hospital.

The man killed was later identified by the National Day Laborer Organizing Network as 52-year-old Roberto Carlos Montoya Valdez of Guatemala.

The Department of Homeland Security said Montoya Valdez wasn't being pursued by immigration authorities when he ran.

A pickup truck fatally struck Josué Castro Rivera on a highway in Norfolk, Virginia, as he tried to escape immigration authorities during a traffic stop Oct. 23.

Castro Rivera, 24, of Honduras, was heading to a gardening job with three passengers when ICE officers pulled over his vehicle, according to his brother, Henry Castro.

State and federal authorities said Castro Rivera ran away on foot and was hit by a pickup truck on Interstate 264.

The Department of Homeland Security said Castro Rivera’s vehicle was stopped as part of a “targeted, intelligence-based” operation and that Castro Rivera had “resisted heavily and fled.”

His brother said Castro Rivera came to the U.S. four years earlier and worked to send money to family in Honduras.

AP journalists Sophia Tareen in Chicago and Michael Biesecker in Washington contributed. Bynum reported from Savannah, Georgia.

FILE - People wait outside of Glass House Farms, a day after an immigration raid on the facility, July 11, 2025, in Camarillo, Calif. (AP Photo/Jae C. Hong, File)

FILE - People wait outside of Glass House Farms, a day after an immigration raid on the facility, July 11, 2025, in Camarillo, Calif. (AP Photo/Jae C. Hong, File)

FILE - People embrace outside of Glass House Farms, a day after an immigration raid on the facility, on July 11, 2025, in Camarillo, Calif. (AP Photo/Damian Dovarganes, File)

FILE - People embrace outside of Glass House Farms, a day after an immigration raid on the facility, on July 11, 2025, in Camarillo, Calif. (AP Photo/Damian Dovarganes, File)

FILE - Law enforcement personnel investigate after the Department of Homeland Security said an Immigration and Customs Enforcement agent fatally shot a man in the Franklin Park suburb of Chicago on Sept. 12, 2025. (Candace Dane Chambers/Chicago Sun-Times via AP, File)

FILE - Law enforcement personnel investigate after the Department of Homeland Security said an Immigration and Customs Enforcement agent fatally shot a man in the Franklin Park suburb of Chicago on Sept. 12, 2025. (Candace Dane Chambers/Chicago Sun-Times via AP, File)

FILE - Law enforcement personnel investigate after the Department of Homeland Security said an Immigration and Customs Enforcement agent fatally shot a man in the Franklin Park suburb of Chicago on Sept. 12, 2025. (Candace Dane Chambers/Chicago Sun-Times via AP, File)

FILE - Law enforcement personnel investigate after the Department of Homeland Security said an Immigration and Customs Enforcement agent fatally shot a man in the Franklin Park suburb of Chicago on Sept. 12, 2025. (Candace Dane Chambers/Chicago Sun-Times via AP, File)

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