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Snapchat hits 500M monthly users, India sees 100% user growth

New Delhi, India Snapchat, a popular social media platform, has over 500 million monthly active users, with roughly 40% of its community residing outside of North America and Europe.

Snapchat has seen over 100% (year-over-year) growth in daily active users (DAUs) in India in each of the last five quarters, the company announced late Thursday during its third Snap Partner Summit.

Snap also announced new features, updates, and Augmented Reality (AR) experiences, such as new AR tools and camera experiences, the next generation of Spectacles, and the launch of Story Studio – a new standalone app that provides powerful editing tools to mobile creators.

“Story Studio, which was designed with Creators in mind, will provide insights into current Snapchat trends. It will be free to download and use on iOS later this year “In a statement, the company stated.

Snap also launched the Creator Marketplace, where brands can find and contact verified creators, beginning with top AR Lens Creators and expanding to Snap Stars and Spotlight Creators in the future.

“Subscribers can now send Gifts to official Snap Stars in order to initiate conversations. Snap Stars are paid a percentage of the revenue generated by Gifts, which are received through Story Replies and purchased with Snapchat Tokens “The company was notified.

“Spotlight” on the web is a new destination where creators can upload video directly from Chrome or Safari, and anyone, even those who do not have a Snapchat account, can see the best of what is going on.

Snap unveiled the next generation of Spectacles, the company’s first pair of augmented reality glasses.

Spectacles, which are not for sale and are designed for creators, allow augmented reality creators to discover new ways to fuse creativity and utility through immersive experiences built in Lens Studio.

“Spectacles are fully compatible with Lens Studio. This robust desktop application for augmented reality creators and developers is used to create and distribute Lenses across Snap’s AR platform “According to the company.

Scan is used by over 170 million Snapchatters each month, and it is now available on the home camera screen.

Snap stated, “Scan matches what you see through the camera with relevant AR experiences.”

With over 200 million Snapchatters using AR on a daily basis, Snap has introduced a new set of technologically advanced and fashion-forward features that make virtual shopping and try-on experiences more realistic, accurate, and simple to use.

“Friends can interact with each other through Lenses for the first time, from across the room or across the world,” Snap added.

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