Monday, December 5, 2022
HomeNFTIndian social media app Chingari announces its first video NFT marketplace

Indian social media app Chingari announces its first video NFT marketplace

Chingari, an Indian social networking app, has announced the establishment of the first-ever video NFT marketplace. Chingari describes Creator Cuts as the world’s first video NFT (vNFT) marketplace.

The team explained in a press release that Creator Cuts is intended to not only provide creators with a unique financial and community engagement opportunity, but also to allow the community to connect with their favourite creators by owning a piece of their unique art while also reaping monetary benefits from the same.

The company claimed that customers who buy NFTs on the site will get 10% of the creator’s daily revenue in Gari based on the interaction they generate on their videos on the Chingari app.

Furthermore, each video has been allocated a unique pricing depending on the creator’s activity on the Chingari app. Anyone (Chingari user or non-user) may then purchase these NFTs. The Chingari platform, powered by GARI, has been active since 2018 and is the world’s fastest-growing on-chain social app.

The Indian-based app has established itself as a one-stop shop for amusing and engaging videos in a variety of categories such as dancing, singing, transformation, and inventive talents. Meanwhile, GARI allows short-form video makers to monetize their material on the Blockchain by using the GARI token.

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Jeewan Singh is CryptoShrypto’s content writer and a seasoned writer with over two years of experience in writing about Indian Securities Market. Jeewan's participation in Blockchain and Cryptocurrency started in late 2020, and he hasn't looked back since. The technical and economic outcomes of cryptocurrency are what spark his curiosity, and he keeps one eye on the market.


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