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.
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