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Chingari announced the launch of Creator Cuts, a video non-fungible token (NFT) marketplace.
India-based social media app Chingari has announced the launch of its first ever NFT Marketplace.
Called Creator Cuts, Chingari said it is the world’s first video NFT (vNFT) marketplace.
In a press release shared with Coinjournal, the team said Creator Cuts will not only give creators unique financial and community engagement opportunities, but also allow the community to connect with their favorite creators by owning their own works of art. described as being designed to allow You can also derive financial benefits from the same.
The team explained that those who purchase NFTs on the platform will receive 10% of the daily income earned by the creators from the engagement received on the videos on the Chingari app in gari.
Additionally, every video is assigned a unique price based on the creator’s activity on the Chingari app. These NFTs can be purchased by anyone (Chingari users/non-users).
Sumit Ghosh, co-founder and CEO of Chingari and GARI Token, commenting on this latest development, said:
At Chingari, enabling creators to engage effectively and authentically with their community has been a cornerstone of our success since our founding. We believe in the immense potential of the creator economy. , is fully committed to its growth and democratization.To this end, we constantly innovate our own programs and offerings on the cross-section of popular culture, ecosystem growth and business priorities, The introduction of Creator Cuts is one of our unique initiatives that allow creators and the community to not only form a deeper connection, but truly grow together.”
Powered by GARI, the Chingari platform is the fastest growing on-chain social app in the world and has been around since 2018. , songs, transformations and innovative skills.
GARI, on the other hand, will allow short-form video creators to monetize their content on the blockchain using GARI tokens.
