A funding of $3 million has been acquired by FanTV, a cutting-edge multimedia network that runs on the Sui blockchain. Notable investors like Cypher Capital, Illuminati Capital, CoinSwitch Ventures, and Mysten Labs were part of the investment round. Tykhe Block Ventures, Multicoin Capital, Woodstock Fund, Krafton, IOSG Ventures, and Pravega Ventures were among the notable investors who contributed to a prior $5.5 million fundraising round.
Empowering Digital Creators with AI and Blockchain
Prashan Agarwal, formerly the CEO of Gaana, founded FanTV in 2023 to streamline the production of digital content through the use of blockchain and artificial intelligence. Media files such as music videos, podcasts, web series, and vlogs are all compatible with the platform. In addition to its 80,000 artists and 8 million active users, FanTV processes 30 million transactions every month and produces 1.2 million hours of AI-enhanced programming.
Notable digital content providers like TrevinVSNFT, BlockFuel, CryptoIndia, and Bitcoin educator Kashif Raza have utilized FanTV’s platform, adding to its growing network of artists.
Vision for the Future
By democratizing access to AI tools, FanTV aims to dismantle conventional boundaries in content development. According to CEO Prashan Agarwal, “We firmly believe that creativity lives within everyone, but traditional content creation barriers have kept too many voices silent. Our AI agents are democratizing content creation, allowing anyone with a creative vision to bring it to life.”
Unique Monetization Models
Digital tipping, personalized Creator Coins, and AI-powered tools are all part of FanTV’s innovative economic system. That way, influencers may keep all the money they make from their work while still getting the support of their devoted audience. Minting one’s digital tokens to create unique content and interaction opportunities is also an option, as is purchasing credits for premium AI services, tip or gift creators, and more.
Strategic Use of Funds
With the fresh funding, FanTV will be able to invest in AI-powered tools, increase its worldwide creator network, and launch ambitious user acquisition campaigns. According to Adeniyi Abioudin, co-founder of Sui, “FanTV is at the forefront of the AI and blockchain convergence, creating real-world use cases at an unprecedented speed. They’re shaping the future of digital content.”
With a well-defined plan and the support of influential investors, FanTV is ready to revolutionize the way digital entertainment is consumed. The platform is leading the way in multimedia production by connecting creators all over the world with AI-powered tools, creating a more inclusive and dynamic creative economy.
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