Chingari Announces Its First Ever Video NFT Marketplace

Short Video App Chingari Announces Video NFT Marketplace

Indian short video app Chingari announced its first-ever video non-fungible token (NFT) marketplace - Creator Cuts.

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Creator Cuts would let creators mint their videos and sell them on the marketplace.

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According to the announcement, Creator Cuts will let buyers of these NFTs get 10 percent of the daily income in Gari.

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Gari is the platform’s native token that users earn based on the engagement on their videos.

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A unique price has been assigned to every video depending on the activity of the creator on the Chingari app.

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These NFTs can then be bought by anyone whether they use Chingari or not.

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“We believe in the immense potential of the Creator Economy and are wholly committed to its growth,” co-founder and CEO Sumit Ghosh said.

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