Chingari, the on-chain social app, has announced the launch of its new offering, Creator Cuts - a video NFT (v NFT) marketplace wherein marquee videos from Chingari’s top creator’s will be minted as video NFTs.
Creator Cuts is aimed at not only empowering the creators with a financial and community engagement opportunity but will further enable the community to connect with their favourite creators by owning a piece of their unique art, while also being able to derive monetary benefits from the same.
Buyers of these NFTs will get 10% of the daily income in Gari earned by the creator on the engagement they receive on their videos on the Chingari app. A unique price has been assigned to every video depending on the activity of the creator on the Chingari app.
These NFTs can then be bought by anyone (Chingari user/non-user).
Sumit Ghosh, Co-founder and CEO, Chingari and GARI token, said, “At Chingari, empowering and enabling creators to engage effectively and intrinsically with their community has been the cornerstone of our success since our inception. We believe in the immense potential of the Creator Economy and are wholly committed to its growth and democratisation across the spectrum. Towards this, we are always innovating and creating unique programs and propositions which lie at the cross-section of popular culture, ecosystem growth and our business priorities. The introduction of Creator Cuts is one such unique initiative which 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.”
Those interested in viewing the NFTs can do so by visiting nft.chingari.io .
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