Chingari (GARI) App Launches First Ever NFT Video Marketplace, Creator Cuts

Chingari (GARI), the fastest growing Web3 video ecosystem, shares the details of the latest addition to its ecosystem. With Creator Cuts, a new generation of NFT enthusiasts gets another opportunity for passive income.

Creator Cuts Video NFT Marketplace Launched by Chingari (GARI)

According to the official announcement shared by Chingari (GARI), the platform has launched Creator Cuts, a video-based non-fungible tokens (NFT) module. At Chingari (GARI), any digital content creator can turn his/her artwork into vNFTs.

We are ecstatic to announce the beta launch of the world’s first video NFT (vNFT) marketplace, Creator Cuts🚀

So what are Creator Cuts and how will it revolutionize #creative economy and benefit the vNFT holders when it is rolled out🤔

Here is a thread👇 (1/4) pic.twitter.com/NDX2p3f69J

— GARI, runs the social network Web3🔥 (@GariToken) 22 August 2022

Creator Cuts is designed to provide digital artists with new financial, promotional and community management capabilities. Also, Web3 enthusiasts can now support creators by owning a unique piece of art.

A unique prize is awarded to each video that is ready to become a vNFT, depending on the activity of the creator in various instruments of the Chingari (GARI) app.

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Mr. Sumit Ghosh, Co-Founder and CEO of Chingari and GARI token, highlighted the crucial importance of this release for the Chingari (GARI) ecosystem both in terms of technology and marketing:

At Chingari, empowering and enabling creators to effectively and intrinsically engage with their community has been the cornerstone of our success since our inception. We believe in the enormous potential of the creative economy and are fully committed to its growth and democratization across the spectrum. Against this, we are always innovating and creating unique programs and propositions that lie at the cross-section of popular culture, ecosystem growth and our business priorities. The introduction of Creator Cuts is one such unique initiative that empowers the creators as well as the community to not only form deeper connections but also grow together in the truest sense of the term.

New income stream for NFT holders

Chingari (GARI) pioneers a new income mechanism in Web3: buyers can get 10% of the daily income in GARI tokens of total income generated by the video creator.

Creator Cuts’ vNFTs can be purchased by both Chingari (GARI) users and investors outside the Chingari (GARI) ecosystem.

As covered by U.Today earlier, in June 2022, Chingari (GARI) launched an unprecedented liquidity program for its backers. A total of $12 million in GARI equivalent will be distributed among digital creators.

Creators of digital content and participants in various community-driven activities will be rewarded with GARI tokens.