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‘Creator Cuts’, First Ever Video NFT Marketplace on Solana Blockchain Launched by Chingari

‘Creator Cuts’, First Ever Video NFT Marketplace on Solana Blockchain Launched by Chingari

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Chingari, a Tiktok alternative headquartered in Bangalore, India, launched Creator Cuts, Solana’s first video-based NFT marketplace. Chingari is the second most popular Solana-based product based on the number of holders.

In Creator Cuts, selected videos from top creators are minted as NFTs and can be bought and sold.

You can read more about Chingari’s Creator Cuts NFT Marketplace here – nft.chingari.io

You can explore NFT videos based on different niches – dance, sports, fitness, music, cooking, gaming, etc.

You can also bid on your favorite NFT and if you win the auction, the NFT will be credited to your account where you can continue trading.

If you are a creator on the Chingari platform, you can also create your videos as NFT on the Creator Cuts marketplace and wait for your followers to bid. You can accept the offer or wait for other offers. This feature will be available very soon.

Authors cuts

Register on the Chingari platform if you haven’t yet.

So far, only select Chingari contributors have been selected for this beta, and around 100 NFTs are up for sale. If you’re a fan of NFT or want to own your favorite celebrity’s video on the blockchain, go and bid on the Chingari Creator Cuts page, which you can access here.

NFTs can be bought and sold with GARI tokens.

In addition to earning Gari tokens by selling vNFT, creators can earn $GARI by performing in-app activities such as uploading, watching and sharing videos.

The collector of these vNFTs can earn 10 percent of the revenue earned by the content creator. For example, if Alex buys a vNFT from Tina and Tina makes 500 Gari tokens by mining Gari tokens in different ways, Alex is entitled to receive 50 Gari tokens from Tina. The daily earnings may vary depending on the activity, but the 10% share remains fixed. This is not a one-time distribution, as you are entitled to 10% of the earnings every day.

If you don’t have Gari Tokens, you can buy Gari Tokens from Raydium. Make sure you have SOL in your wallet to cover the gas bill.

Also, you don’t need to be a Chingari user to receive rewards as they are sent directly to your wallet on a regular basis.

For now, each creator is limited to one video in Creator Cuts v1.

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