Indian analog of tik-tok to launch a marketplace with NFT video

on August 23, Indian mobile video app Chingari announced the launch of a new marketplace feature called Creator Cuts. The marketplace aims to become the world’s first NFT video marketplace. According to Chingari, NFT videos will be generated on the basis of premiere videos created by the most successful bloggers on the social network.

NFT buyers will be entitled to 10% of the video creator’s daily revenue, with bonuses credited in Gari tokens.

Sumit Ghosh, co-founder and CEO of Chingari and the GARI token, comments on the platform’s new features:

«From the very beginning, Chingari has been focused on empowering content creators and providing them with a platform to effectively engage with their followers. We believe in the huge potential of creativity, even from a commercial point of view. To this end, we are constantly innovating and creating unique programs and offers that lie at the intersection of pop culture, the development of the digital ecosystem and our business priorities.»

Gaining popularity in Asia, Chingari aims to become a worthy competitor to the Chinese platform TikTok.