Chingari Launches First Ever Video NFT Marketplace Creator Cuts

In its statement, Chingari highlighted that buyers of these NFTs will get 10% of the daily earnings in Gari earned by the creator on the engagement they receive on their videos on the Chingari app. A unique prize has been awarded to each video depending on the activity of the creator on the Chingari app. These NFTs can then be purchased by anyone (Chingari user/non-user).

Sumit Ghosh, Co-Founder and CEO, Chingari and GARI token said, “At Chingari, empowering and enabling creators to actively and intrinsically engage with their community has been the cornerstone of our success since inception. We believe in the tremendous the potential of the creative economy and is fully committed to its growth and democratization across the spectrum.”

Ghosh added, “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.”

Creator Cuts not only focuses on providing creators with a unique opportunity for economic and community engagement, but will further enable the community to connect with their favorite creators by owning a piece of their unique art, while also receiving financial benefits from the same. .

“The introduction of Creator Cuts is such a 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,” said Ghosh.

Powered by GARI, Chingari is the world’s fastest growing social app chain launched in 2018. Among the top 20 most downloaded apps globally, Chingari’s eclectic platform entertains over 130 million users across, watching videos in more than 15 languages ​​with over 5 million daily active users.

Chingari’s original token, GARI, enables short-form video creators to monetize their content on the Blockchain with the GARI token. The Gari token has received great enthusiasm from the community with almost 1.1 million GARI holders in a record time of just 6 months from launch.

With this growth rate, Chingari has predicted that the active wallet users of GARI will reach 1 million within the next three months. The GARI token has become the top 2 projects on the Solana blockchain in terms of number of holders.

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