FanTV, a content platform on the Sui blockchain, has secured an extra $3 million in strategic funding from Mysten Labs, Cypher Capital, CoinSwitch Ventures, and Illuminati Capital.
Prior to this, the corporate had raised $5.5 million from Multicoin Capital, Woodstock Fund, Krafton, IOSG Ventures, Pravega Ventures, and Tykhe Block Ventures.
Based in 2023 by Prashan Agarwal, FanTV blends AI and blockchain expertise to empower content creation. It operates on the Sui blockchain and has attracted over 8 million customers, together with 80,000 creators, with greater than 30 million transactions and 1.2 million hours of AI-generated content processed every month.
In accordance to FanTV, creators produce music, movies, podcasts, net collection, and vlogs utilizing cutting-edge AI instruments. The platform helps each rising expertise and established influencers, that includes creators like TrevinVSNFT, Sui’s high content creator, Bitcoin educator Kashif Raza, CryptoIndia, BlockFuel, and rising digital voices like MrBreadSmith.
Past making content creation easy, FanTV is redefining how creators monetize their work. By means of AI-powered instruments, digital tipping, and customized Creator Cash, it permits customers to help their favourite creators whereas giving creators direct possession of their content.
FanTV’s financial mannequin combines paid AI-powered content creation options with engagement rewards, permitting customers to buy credit for premium AI instruments, tip and present creators, and even launch their very own digital tokens to supply unique content and foster deeper group engagement.
FanTV plans to develop superior AI instruments for creators, develop its world creator community, and improve consumer progress methods. The platform’s distinctive strategy to merging AI with blockchain capabilities ensures a decentralized ecosystem that prioritizes creator possession, honest worth distribution, and new alternatives for digital creators worldwide.
