- Chingari launches the first ever video NFT marketplace, Creator Cuts, to expand the creator’s economy.
- The buyers will get 10% of the creator’s daily income in Gari.
- Powered by GARI and launched in 2018, Chingari is the World’s fastest-growing on-chain social app.
The World’s fastest-growing on-chain social application, Chingari, will launch its first-ever video NFT marketplace, Creator Cuts. It will be the World’s first ever video NFT marketplace, whereas the marquee videos from the top creators of Chingari will be minted as video NFTs.
This project demonstrates the company’s effort and dedication to developing and expanding the creator’s economy.
Creator Cuts is not only focused on allowing the creators a distinctive financial and community engagement opportunity but will also be aiming to further enable the community to be in touch with their favorite creator by owning a piece of their special art and providing them with financial benefits from the same.
The buyers of the NFTs will be getting 10% of the creator’s daily income in Gari, which the creator earns on the engagement they receive on their videos over the Chingari app.
For every video, a unique price will be assigned depending on the creator’s activity on the Chingari app. All these NFTs will then be available to anyone for purchase; they can be a Chingari user or non-user.
Mr. Sumit Ghosh, the Co-founder & CEO of Chingari and GARI token, said the company lays emphasis on empowering and providing the creators with to engage productively with their community.
Also, they believe the major potential of the Creator Economy is fully dedicated to its growth and expansion across the spectrum.
To achieve these goals, they are working towards innovating and creating unique programs and preposition which is at the cross-section of in-demand culture, ecosystem advancement, and their business priorities.
Launched in 2018 and powered by GARI, Chingari is the World’s fastest-growing on-chain social app. The app has very fastly emerged as the prominent destination for entertaining, engaging videos across many vast categories such as singing, dancing transformation, innovative skills, etc.
It is now among the top 20 download apps globally, with 130M+ users who witness videos in over 15 languages with more than 5 million daily active users.