Chingari unveils Creator Cuts, the world’s first video NFT marketplace
Adding to its diverse and innovative offering, Chingari launches Creator Cuts, billed as the first ever video NFT or v NFT marketplace. The revolutionary offering is notable for helping push leading videos from Chingari’s creative minds as video NFTs.
The company has already led the industry with its social app on the chain. After growing rapidly in recent months, Chingari is now ready to take the next step as a pioneer in the v NFT space.
Chingari champions the creative economy
Much has been written about the creative economy, its growing influence and importance, and its increasing market footprint. Chingari’s Creator Cuts help address this growing trend, empowering content creators in ways previously only imagined. The emergence of a fully functional v NFT marketplace could be a game changer for these entities, helping to drive community engagement.
“At Chingari, empowering and enabling creators to effectively and intrinsically engage with their community has been the cornerstone of our success since inception,” explained Sumit Ghosh, Co-Founder and CEO, Chingari and GARI token.
Creator Cuts is also looking to connect the growing content creator community via ownership of pieces of their unique art. A crucial principle is to be able to obtain economic benefits from this art in a more streamlined way.
This is where Chingari’s Creator Cuts come in. Specifically, buyers of these NFTs will be entitled to 10% of the daily revenue in Gari earned by the creator on the engagement they receive on their videos on the Chingari app.
Furthermore, a unique price is assigned to each video, which is dictated by the activity of the creator on the Chingari app. Crucially, these v NFTs can be purchased by any person, whether a Chingari user or non-user.
“We believe in the enormous potential of the creator economy and are fully committed to its growth and democratization across the spectrum. To this end, 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 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,” reiterated Mr. Ghosh.
About Chingari
Chingari is powered by GARI, the world’s fastest growing chain social app launched in 2018. The homegrown app has emerged as a place for entertaining, engaging videos across various categories like dance, singing, transformation, innovative skills, etc. Among the 20 most downloaded apps globally, Chingari’s eclectic platform entertains 130 million users across, watching videos in 15+ languages with over 5 million daily active users.
About GARI Social Tokens
The Gari token is the world’s largest social token. 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. At this growth rate, we expect the active wallet users to 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.
Adding to its diverse and innovative offering, Chingari launches Creator Cuts, billed as the first ever video NFT or v NFT marketplace. The revolutionary offering is notable for helping push leading videos from Chingari’s creative minds as video NFTs.
The company has already led the industry with its social app on the chain. After growing rapidly in recent months, Chingari is now ready to take the next step as a pioneer in the v NFT space.
Chingari champions the creative economy
Much has been written about the creative economy, its growing influence and importance, and its increasing market footprint. Chingari’s Creator Cuts help address this growing trend, empowering content creators in ways previously only imagined. The emergence of a fully functional v NFT marketplace could be a game changer for these entities, helping to drive community engagement.
“At Chingari, empowering and enabling creators to effectively and intrinsically engage with their community has been the cornerstone of our success since inception,” explained Sumit Ghosh, Co-Founder and CEO, Chingari and GARI token.
Creator Cuts is also looking to connect the growing content creator community via ownership of pieces of their unique art. A crucial principle is to be able to obtain economic benefits from this art in a more streamlined way.
This is where Chingari’s Creator Cuts come in. Specifically, buyers of these NFTs will be entitled to 10% of the daily revenue in Gari earned by the creator on the engagement they receive on their videos on the Chingari app.
Furthermore, a unique price is assigned to each video, which is dictated by the activity of the creator on the Chingari app. Crucially, these v NFTs can be purchased by any person, whether a Chingari user or non-user.
“We believe in the enormous potential of the creator economy and are fully committed to its growth and democratization across the spectrum. Toward this end, 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 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,” reiterated Mr. Ghosh.
About Chingari
Chingari is powered by GARI, the world’s fastest growing chain social app launched in 2018. The homegrown app has emerged as a place for entertaining, engaging videos across various categories like dance, singing, transformation, innovative skills, etc. Among the 20 most downloaded apps globally, Chingari’s eclectic platform entertains 130 million users across, watching videos in 15+ languages with over 5 million daily active users.
About GARI Social Tokens
The Gari token is the world’s largest social token. 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. At this growth rate, we expect the active wallet users to 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.
