- FanTV, fastest-growing socialFi dApp went dwell on Sui Mainnet final week
- Sui’s complete energetic accounts ballooned by a formidable 2.6 million previously week, with FanTV contributing 48% of this development
Dubai, 28 Might 2024 – FanTV, a number one SocialFi platform empowering the Creator financial system, introduced at present a significant milestone of onboarding over 1 million new consumer accounts on Sui, the Layer 1 blockchain and sensible contract platform. This achievement accounts for 48% of the two.6 million pockets development on Sui during the last week. This important development highlights the profitable affect of integrating blockchain expertise with social media platforms, enhancing consumer engagement and increasing the attain of decentralized networks. FanTV’s integration of Sui marks a pivotal step within the mainstream adoption of blockchain options within the content material streaming panorama.
Based by Prashan Agarwal, ex-CEO of Gaana (considered one of India’s largest music streaming platforms that raised $115M from Tencent), FanTV with its distinctive Create / Watch to Earn providing is bringing the web2 consumer expertise to the web3 ecosystem. FanTV permits Customers and Creators to earn factors for engagement and content material creation on the platform. The earned factors are then transformed to the platform token and can be utilized for platform utility like promotion of content material, tipping creators, shopping for creator keys, subscriptions, and so forth. FanTV has greater than four million customers and over 20,000 creators. FanTV’s inclusion brings important development, onboarding greater than 1 million wallets to Sui, and solidifying its function in onboarding the plenty to Web3.
Prashan Agarwal, Founder and CEO, FanTV, expressed pleasure about hitting this milestone, stating, “Partnering with Sui has enabled us to ship even higher worth to our customers. Because the quickest rising shopper social dApp, FanTV is dedicated to pioneering new frontiers in blockchain expertise, consumer engagement and new avenues for creator monetization. This surge in established wallets is only the start of what we are able to obtain collectively. Our imaginative and prescient is to decentralize the creator financial system and it is a good step in that course.”
“Because of FanTV’s current integration of Sui, we’re capable of see the reality of Sui’s large capability to deal with dramatic upticks in wallets seamlessly, with none interruption to consumer expertise,” stated Greg Siourounis, Managing Director of Sui Basis. “This large development is a testomony to the ability of collaboration and innovation, and we’re excited to witness continued development and adoption inside the Sui ecosystem.”
With this wonderful feat, FanTV plans to shift its gear on world enlargement and onboard over 100,000 creators and 10 million customers within the subsequent 12 months.
For extra details about FanTV, please go to https://fantv.world.
About FanTV
FanTV is the next-generation content material creation platform, enabling everybody to create, devour, and get rewarded. The platform bridges the hole between conventional video streaming platforms and Web3-enabled video streaming expertise. FanTV believes each individual is artistic, but isn’t resourced properly to create or get found in an ocean of centralized platforms and this results in the incentivization of solely the concentrated few. We search to vary that by arming everybody to be a Creator with all of the instruments that foster creativity enabled by developments in AI and decentralize the possession and discovery of content material.
FanTV’s imaginative and prescient is to draw the following billion customers to Web3 by empowering the creator financial system and democratizing content material possession.
About Sui
Sui is a first-of-its-kind Layer 1 blockchain and sensible contract platform designed from the underside as much as make digital asset possession quick, personal, safe, and accessible to everybody. Based mostly on the Transfer programming language, its object-centric mannequin permits parallel execution, sub-second finality, and wealthy on-chain belongings. With horizontally scalable processing and storage, Sui helps a variety of functions with unmatched pace at low price. Sui is a step-function development in blockchain and a platform on which creators and builders can construct wonderful, user-friendly experiences.
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