Known as India’s TikTok, Chingari will enter the NFT world with its Creator Cuts feature. With its video NFT feature, the platform aims to be the first.
Creator Cuts is part of the company’s goal of supporting and expanding the creator economy. With this feature, the platform is preparing to become the world’s first vNFT market.
Every NFT Will Be Specially Priced In Chingari
The goal of Chingari’s new feature, Creator Cuts, is not just to offer creators an innovative financial and community engagement opportunity. At the same time, the feature will allow users to connect with the creators they enjoy the most by purchasing a piece of the original artwork they like.
Customers who purchase these NFTs will be eligible to receive 10 percent of the Gari token daily return received by the artist based on the amount of engagement they get on their videos hosted on the Chingari app.
Price will be determined for each video. For this, criteria such as the time spent by the creator using the Chingari application and the number of content produced will be looked at. Users will then be able to purchase these NFTs to add to their collections.
Speaking at the launch of Creator Cuts, Mr. Sumit Ghosh, Co-Founder and CEO of Chingari and GARI token, said:
“At Chingari, empowering and enabling creators to interact effectively and internally with their communities has been a cornerstone of our success since our founding. We believe in the enormous potential of the Creative Economy. We are fully committed to its growth and democratization across the spectrum. For this, we develop and create unique programs or proposals that are always at the intersection of popular culture, ecosystem growth and our business priorities.”
In addition, Ghosh added:
“Introducing Creator Cuts is a unique initiative that allows creators as well as the community to not only make deeper connections, but literally grow together”
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