FanTV, a Web3 platform leveraging AI to empower creators, has announced the closing of an additional USD 3 million in its Series A funding round, bringing the total raised to USD 8.5 million.
The latest round was led by Mysten Labs, Cypher Capital, CoinSwitch Ventures, and Illuminati Capital, building on a previous USD 5.5 million raised from investors including Multicoin Capital, Woodstock Fund, Krafton, IOSG Ventures, Pravega Ventures, and Tykhe Block Ventures.
Based in the UAE, FanTV integrates AI agents on the Sui blockchain, utilizing advanced AI technology to enable creators to convert text to music, generate AI videos, create podcasts, web series, and more. The platform also facilitates cross-platform distribution and monetization.
Fueling Growth with New Funding
With the newly secured funding, FanTV aims to enhance its advanced AI tools for creators, attract a global audience of creators, and expand its user growth strategies.
Founded in 2022, FanTV provides a Web3-powered ecosystem where creators can create, upload, and monetize their content through multiple revenue streams. These include creator coins, content tokenization, and a reward-driven economic model that combines AI-powered content creation tools with engagement rewards.
Monetizing Content on FanTV
FanTV's economic model allows users to purchase credits for premium AI features, as well as tip and gift creators. Meanwhile, creators can launch their own tokens for exclusive content and community engagement.
This economic model combines AI-powered content creation tools with engagement rewards. Moreover, users can purchase credits for premium AI features as well as tip and gift creators. Meanwhile, creators can launch their own tokens for exclusive content and community engagement.
Play audio
Comments
Add your comment
Categories
Startup Raises
262
Feature
83
Fintech
39
Fresh News
700
How To
84
Acquisition
39
Reports
22
Opinion
57
Recent Posts
FG to Train 100,000 Youths a Year in Forex Trading and Financial Skills
The Federal Government of Nigeria has signed a Mem...
WhatsApp Makes It Easier to Find Businesses and Channels with New Updates
WhatsApp is introducing a suite of new features ai...
Lagos Engages Stakeholders in Shaping the Proposed Innovation Bill 2025
In a decisive move to reinforce its position as Ni...
Apply Now: 2025 AWS Startups Generative AI Accelerator
AWS Startups is now accepting applications for its...
Weekly DStv Subscriptions May Soon Launch in Nigeria as MultiChoice Tests Flexible Pricing
DStv’s parent company, MultiChoice, has begun test...
Related Post
MoneyFellows Raises $13M to Expand Its Group Savings Model Beyond Egypt
While many African fintech companies rely heavily on working capital loans to sc...
Cape Verde Unveils $45M TechPark CV to Position as ‘Tech Islands of West Africa’
The Government of Cape Verde has officially inaugurated Tech Park Cape Verde (“T...
InfiniLink Secures $10M in Seed Funding to Enhance AI-Driven Data Center Connectivity
Cairo, Egypt – InfiniLink, an innovative semiconductor startup specializing in o...
No comments