Chingari launches first-ever video NFT marketplace named 'Creator Cuts

Chingari content creation mobile app has launched the NFT video marketplace called "Creator Cuts". The company says it is the world's first video NFT (v-NFT) marketplace, allowing creators to mint
NFT videos Launched in 2018 and powered by Gari Token, Chingari is a social app on-chain association and declares this launch a new supply revolution that drives and develops the creative economy. However, only branded videos from top creators are considered NFTs.
Creator Cuts aims to give creators the opportunity to participate financially and in the community, and to allow the community to connect with their favorite creators by owning a unique piece of art .
Creators will be able to obtain monetary benefits. Buyers of these NFTs will receive 10% of daily earnings in Gari tokens that creators earn when they receive videos on the Chingari app.
A unique price has been assigned to each video based on creator activity on the Chingari app. These NFTs can then be purchased by anyone, whether they are Chingari users.
Sumit Ghosh, Co-Founder and CEO of Chingari and GARI tokens, says that empowering and allowing creators to effectively and substantively interact with their communities is fundamental to their success. our company since its establishment.
"The birth of Creator Cuts is one of those unique initiatives that allows creators and communities to not only engage more deeply, but grow together in the truest sense of the word," he said. said more.
Chingari has over 130 million users creating content in more than 15 languages. The app has more than 5 million daily active users. Built on the Solana blockchain, the Gari token, which is derived from Chingari, is a social token used to monetize content.