A video editing tool developed by Microsoft, designed to make video creation easy and accessible for everyone.
Many people are reporting this same problem with Clipchamp, it is most likely a server-side issue, however, on the Microsoft status page (link below), there is no official report of this problem from Microsoft yet, this forum is just a user to user forum, so no-one here can say when the problem will be resolved on their servers, the best option is to keep a watch on this link for any news from Microsoft on the problem.
https://status.cloud.microsoft/m365/referrer=serviceStatusRedirect