FanTv

Becomes the first web3 Social App to cross 1 million Smart Wallets and 3 million User Operations
Dubai, 5th Feb 2024 — FanTV, a groundbreaking Web3-powered Video + Live streaming social platform, hits a significant achievement, deploying 1 million smart accounts on the Polygon blockchain, surpassing 3 million on-chain User Operations. This accomplishment positions FanTV as the #1 consumer dApp on the Polygon chain, contributing approximately
30% of smart accounts in the entire Ethereum ecosystem.
FanTV has consistently prioritised a user-centric approach, with a strong emphasis on seamless onboarding powered by ERC-4337 Account Abstraction, and elevating the user experience with social logins and ensuring all transactions are 100% gasless. The platform solidifies its position as the fastest-growing consumer dApp having Users & Creators from 50+ countries, boasting more than 0.5 mn monthly active users (MAU) who consume an impressive 800,000 hours of content per month.
"We are very happy to help 1 mn new users onboard the web3 journey. The pressing challenge that needs to be addressed for web3 adoption is creating products that genuinely appeal to people's needs and are easy to use. FanTV aims to be the go-to social network, offering streaming, community, and monetization to empower Creators, facilitating the transition of the Creator Economy on-chain.," states Prashan Agarwal, Founder & CEO.
Commending this achievement, Sandeep Nailwal, Founder Polygon, said “In the realm of Web3, products tailored to users' preferences with a core daily utility are crucial. FanTV is at the forefront of pioneering the account abstraction initiative revolutionising and transitioning the creator economy on chain. As the fastest-growing dApp on Polygon, I am genuinely excited to witness and support FanTV on this journey.”
FanTV recently introduced its Native IOU Token, xFanTV, earned through user engagement on the platform, which can be utilised for activities such as brand vouchers, playing games, tipping, subscribing, and more. As part of celebrating this milestone, FanTV is going to soon announce it’s much awaited Airdrop program to onboard Creators and Users.
FanTV is backed by prominent investors Multicoin Capital, Woodstock Fund, and IOSG Ventures.

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#FanTV

🎉 FanTV has just secured $8.50M in its latest funding rounds! 🎉
🔹About: FanTV is a leading AI agent platform for content creation on the Sui blockchain, designed to revolutionize the creator economy. The platform empowers creators to transform text into music, generate AI videos, create podcasts, web series, and vlogs, all while enabling cross-platform distribution. With over 8 million on-chain wallets and more than 80,000 creators, FanTV has processed over 30 million transactions, solidifying its position as the largest AI platform across all blockchains. The project recently secured an additional $3 million in strategic investment from Mysten Labs, Cypher Capital, CoinSwitch Ventures, and Illuminati Capital, building on its earlier $5.5 million raise. FanTV's economic model combines paid AI-powered content creation tools with engagement rewards, allowing users to purchase credits for premium features, tip and gift creators, and launch their own tokens for exclusive content. Under the leadership of CEO Prashan Agarwal, former CEO of Gaana, FanTV aims to democratize content creation and empower millions of creators to express their unique voices through AI-powered tools. The platform hosts notable content leaders and emerging creators, bridging the gap between talent and established influencers. FanTV's innovative approach to creator monetization and its robust AI technology make it a key player in the future of content creation.🚀🌐
🔹 Lead Investors: Multicoin Capital, IOSG Ventures, Cypher Capital, Mysten Labs, CoinSwitch and many more.
🔹 Total Raised: $8.50M.
🔹 Project Category: AI agent, Web3, SocialFi, Watch To Earn.
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