Multicoin backed FanTV – largest Social dApp on Polygon moves to Sui to fuel Creator Economy Revolution

• FanTV, leading socialFi app with more than 4 mn users, has partnered with Mysten Labs to bring mass adoption to web3
• FanTV aims to onboard over 100,000 creators and 10 million users in the next 12-18 months
• Sui with impeccable qualities – high TPS, low gas fees, high scalability – is perfect for FanTV’s high-volume needs

Dubai, 7th May 2024 – FanTV is a web3 SocialFi app, poised to disrupt the content creation and consumption market via its unique watch-to-earn offering. FanTV has announced its move to the Sui blockchain via a technical partnership with Mysten Labs,  to fuel the global creator economy and empower creators. FanTV had earlier raised $5.5 mn in their seed round led by Multicoin capital with Krafton, IOSG Ventures, Woodstock Fund.

The global video streaming market size is projected to grow more than four-fold to over USD $1.9 trillion by 2030 with the creator economy leading the charge. FanTV with its unique offering is at the forefront of this revolution with 4 million users and more than 20,000 creators on the platform. FanTV is the leading SocialFi dApp on Polygon with more than 1.5 million  smart wallets, solidifying its contribution to onboarding the masses to Web3. FanTV now plans to onboard creators across the globe and help them build their fan bases and monetize their crafts.

Founded by Prashan Agarwal, ex-CEO of Gaana (one of India’s largest music streaming platforms that raised $115M from Tencent), FanTV is a decentralized video and live streaming platform that empowers creators to create content, monеtizе their creativity, and build money-can’t-buy experiences using exclusive gated communities. On FanTV, creators and users are both rewarded for their contributions to the growth of the platform.

Prashan Agarwal, Founder and CEO, FanTV, expressed excitement about the collaboration, stating, “At FanTV, our vision has always been to empower creators and users. Content creators and users have primarily been the product while the respective platform reaps majority of the benefit. FanTV is hyper-focused on disrupting that status quo. We believe that content creators and consumers are the backbone and should be rewarded proportionately for their contribution. Consumer disruption at scale requires disruptive technology, Sui’s blockchain technology, and commitment to creator empowerment further solidifies this partnership as a win-win. We’re thrilled to embark on this journey of unleashing the full potential of Web3 social together. FanTV’s vision to revolutionize the creator economy is a natural alignment with the values of Sui, the innovative Layer 1 and smart contract platform. This is just the beginning, and our aim is to onboard over 100,000 creators and 10 million users in the next 12-18 months”.