NEWS RELEASE
Dubai, May 28, 2024 – FanTV, a pioneering SocialFi platform that empowers the Creator economy, announced a major achievement today by successfully onboarding over 1 million new user accounts on Sui, the Layer 1 blockchain and smart contract platform. This remarkable milestone represents 48% of the total 2.6 million wallet growth on Sui in the past week. The significant increase in users demonstrates the successful integration of blockchain technology into social media platforms, resulting in enhanced user engagement and the expansion of decentralized networks. FanTV’s collaboration with Sui marks a crucial step in the widespread adoption of blockchain solutions within the content streaming industry.
FanTV, founded by Prashan Agarwal, former CEO of Gaana (one of India’s largest music streaming platforms that raised $115M from Tencent), is revolutionizing the web3 ecosystem with its unique Create/Watch to Earn program. By offering a web2 user experience, FanTV allows users and creators to earn points for their engagement and content creation on the platform. These points are then converted into the platform’s token and can be utilized for various platform functions, such as content promotion, creator tipping, purchasing creator keys, and subscriptions. With over 4 million users and 20,000 creators, FanTV’s inclusion has resulted in substantial growth, onboarding more than 1 million wallets onto Sui, solidifying its role in introducing the masses to Web3.
Expressing his enthusiasm for reaching this milestone, Prashan Agarwal, Founder and CEO of FanTV, stated, “Our partnership with Sui has allowed us to deliver even greater value to our users. As the fastest-growing consumer social dApp, FanTV is dedicated to pioneering new frontiers in blockchain technology, user engagement, and innovative avenues for creator monetization. This surge in established wallets is just the beginning of what we can achieve together. Our vision is to decentralize the creator economy, and this is a significant step in that direction.”
“Thanks to FanTV’s recent integration of Sui, we have witnessed firsthand Sui’s incredible capacity to seamlessly handle significant increases in wallets without any disruption to the user experience,” said Greg Siourounis, Managing Director of Sui Foundation. “This substantial growth is a testament to the power of collaboration and innovation, and we are excited to see continued growth and adoption within the Sui ecosystem.”
With this remarkable accomplishment, FanTV now plans to shift its focus towards global expansion, aiming to onboard over 100,000 creators and 10 million users within the next 12 months.
For more information about FanTV, please visit https://fantv.world.
About FanTV:
FanTV is a cutting-edge content creation platform that enables everyone to create, consume, and be rewarded. The platform bridges the gap between traditional video streaming platforms and the Web3-enabled video streaming experience. FanTV believes that every person is creative but lacks the resources to create or get discovered in a sea of centralized platforms, leading to the incentivization of a select few. FanTV aims to change this by empowering everyone to be a creator, equipping them with the tools that foster creativity through advancements in AI, while decentralizing content ownership and discovery.
FanTV’s vision is to attract the next billion users to Web3 by empowering the creator economy and democratizing content ownership.
About Sui:
Sui is a groundbreaking Layer 1 blockchain and smart contract platform designed to make digital asset ownership fast, private, secure, and accessible to all. Utilizing the Move programming language, Sui’s object-centric model enables parallel execution, sub-second finality, and the inclusion of rich on-chain assets. With horizontally scalable processing and storage capabilities, Sui supports a wide range of applications with unparalleled speed and low costs. Sui represents a significant advancement in blockchain technology, providing creators and developers with a platform to build remarkable and user-friendly experiences.
For more information, please visit https://sui.io.
Name: Prashan Agarwal
Company: FanTV
Email: [email protected]
Website: https://fantv.world/
Location: Dubai, UAE
This is a press release. Readers are advised to conduct their own research before taking any actions related to the promoted company, its affiliates, or services. Bitcoin.com is not directly or indirectly responsible for any damage or loss caused or claimed to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in this press release.
