24/08/2022 On-chain social app Chingari launches the first ever video NFT marketplace

  • Chingari’s Creator Cuts NFT marketplace will empower the creators by offering a unique financial and community engagement opportunity.
  • The platform will offer both – creators and NFT owners – rewards in its native cryptocurrency GARI tokens.

On Monday, August 22, on-chain social media application Chingari took a bold step by launching the video NFT marketplace, Creator Cuts. With this move, Chingari is leveraging the power of non-fungible tokens (NFTs) to cater to the rapidly growing creators’ economy.

Creator Cuts will be the first-ever decentralized video NFT marketplace wherein selected videos from some of Chingari’s top creators shall be minted as video NFTs. These NFTs will also help the creators prove the ownership of their videos while staying safe from the issues of duplicity.

Donald Trump dines with NFT mega-collectors during break from New York hush-money trial
DMarket opens week as top NFT in daily sales
Tim Berners-Lee’s NFT of world wide web source code sold for $5.4m

In a press release shared with CNF, Chingari said that the Creator Cuts NFT marketplace will empower the creators by offering a unique financial and community engagement opportunity. These NFT owners will also be able to connect with their favorite creators. At the same time, they can enjoy other monetary benefits of owning the NFTs. Speaking at the launch of the NFT marketplace, Mr. Sumit Ghosh, Co-founder & CEO of 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.

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

Earnings from Chingari’s vNFTs

Currently, only pre-minted videos are up for sale on Chingari. The price of all these video NFTs will be available in GARI tokens. The NFT mining feature is still in the pipeline and Chingari said that it will be available soon.

The rewards earned by creators through GARI mining features will be dubbed as creators’ earnings. In addition to earning GARI tokens by selling their vNFTs, creators can earn additional tokens through in-app activities such as watching, sharing, and uploading videos.

On the other hand, Chingarisaidthat holders of these NFTs will earn passive income in GARI tokens. These rewards will be available as 10% of the creators’ daily revenue on the Chingari app. The daily GARI earnings of the creator could vary based on their contribution score. However, the percentage contribution to the NFT holders remains unchanged.

An interesting thing from Chingari is that “to earn the 10% of the rewards from the creator’s earning, one doesn’t have to be a Chingari user. The NFT holder will receive it in the wallet that holds the NFT”.

Arts

https://www.crypto-news-flash.com/on-chain-social-app-chingari-launches-the-first-ever-video-nft-marketplace/

Interesting NFTs
Faceplant
Facebook logo factory. 3D animation, 10-second loop, 30 fps. Created using Cinema4D, X-Particles, TurbulenceFD, Octane, and After Effects. Originally posted on TikTok (@jigpx) on 1/4/21. 38.7m+ views, 2.1m+ likes (as of 4/22/21).
The Scion
A young figure caught in a moment of distraction, aware only ephemerally of his unconscious being, as it engages in psychological and psychedelic layer spaces. His right arm casually cradles a moray eel; the figure is comfortable but not truly aware of the potentials for danger in such negligence. His shirt reads “Bello” in Pokemon style font, harkening back to a childhood straddling the millennial threshold. To his right side, out of the unconscious deep, shrouded alien heads propagate as a fractal totem, each new iteration a more sophisticated rendering of emotional masking over the cold mystery of the greys. As the scion of the Budgie-Sattva, the young man, in his distraction, is also simultaneously aware of higher levels of self discovery. To his left a psychological topology sets beneath the oracle side of an 8 ball ,hovering; its message a purest concept of acceptance. The “Scion” lettering is in 80’s HeMan style bold declaration. The lower right side of the painting is like a hybrid of melon, feathers, and seeds. The crystals in the background bring light; conducted, refracted, reflected, and dispersed, to balance the dark shadow of the figure’s physical body. The aura of the scion succeeds in layers to point, with a finger, and the crown chakra, toward a center of a mandala existing as nigh pure application of strokes, in essence painterly abstraction, but also revealing hints of the Aura of migraine, and the bi-hemispherical nature of the brain–noting concerns of the possibility of inherited mental disease. Yet the flourish of chakra as it sets against that center is robust, active, coherent, and reveling against all fear. Fundamentally, the piece speaks to the activation of one’s potential to begin to “Know Thyself”, and find greater awareness out of the enigmas of the mind–as an inculcated seed given to the rich soil of one’s own birthright.
Like a Human 1 #3/3
Creative Challenge - 0xCert Collaboration
SolPunk_#4302
Rank: 2800 Skin: Light Type: Female
#62210
By OthersideDeployer