Chingari’s First Video NFT Marketplace to Empower Creators and Buyers

  • Chingari is a Tik-Tok-like platform where creators can own or trade the platform’s native token called $GARI.
  • Chingari NFT Marketplace Designer Cuts will allow the buyers of these NFTs to get 10% of the daily income by Gary.
  • The revenue generated would be directly proportional to the reach and engagement a creator can generate.

Short-video creation app Chingari announced its first-ever non-fungible video token on Tuesday (NFT) marketplace, Creator Cuts, to allow creators to make their videos and sell them on the marketplace.

The platform said that Creator Cuts will allow buyers of these NFTs to get 10% of the daily income of Gari, the platform’s native token, earned by the creator on the engagement he receives on his videos. on the Chingari app.

“At Chingari, empowering and enabling creators to effectively and intrinsically engage with their community has been a cornerstone of our success since our inception,” said Sumit Ghosh, Co-Founder and CEO of Chingari and GARI token.

“We believe in the immense potential of Economy of creators and are fully committed to its growth and democratization in all areas,” Ghosh added.

Buyers of these NFTs will receive 10% of the daily income in Gari earned by the creator on the engagement they receive on their videos on the Chingari app.

“With this in mind, we are always innovating and creating unique programs and propositions that sit at the intersection of popular culture, ecosystem growth, and our business priorities,” Ghosh said.

A unique prize was assigned to each video based on the creator’s activity on the Chingari app. These NFTs can then be purchased by anyone (Chingari user/non-user).

“The introduction of Creator Cuts is one of those unique initiatives that allows creators as well as the community to not only bond deeper, but to grow together in the truest sense of the word,” he said. -he adds.

With contributions from IANS

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