- FanTV, the fastest growing SocialFi dApp, was launched on Sui Mainnet last week
- Sui's total active accounts rose by 2.6 million last week, with FanTV contributing 48% to the growth.
Dubai, May 28, 2024 – FanTV, SocialFi’s leading platform for enabling the creative economy, today announced a major milestone of onboarding over one million new user accounts on Sui, a top-tier blockchain and smart contracts platform. This milestone represents 48% of the 2.6 million wallet growth on Sui over the past week. This significant growth highlights the successful impact of integrating blockchain technology with social media platforms, enhancing user engagement and expanding the scope of decentralized networks. FanTV's integration of Sui represents a pivotal step in the mainstream adoption of blockchain solutions in the content streaming landscape.
Found it Prashan Agarwal, former CEO of Gaana (one of the largest music streaming platforms in India which raised $115 million from Tencent), FanTV with its unique “Create/Watch to Earn” offering is bringing the web2 user experience to the web3 ecosystem. FanTV allows users and creators to earn points for sharing and creating content on the platform. The earned points are then converted into platform token and can be used for platform utility such as promoting content, tipping creators, purchasing creator keys, subscriptions, etc. FanTV has over 4 million users and over 20,000 creators. The inclusion of FanTV brings significant growth, bringing more than 1 million wallets to Sui, and strengthens its role in bringing audiences to Web3.
Prashan AgarwalFounder and CEO of FanTV, expressed his excitement at achieving this milestone, saying: “Partnering with Sui has enabled us to deliver greater value to our users. As the fastest-growing consumer social dApp, FanTV is committed to pioneering new frontiers in blockchain technology, user engagement, and new ways to achieve… Income from Creators This increase in existing wallets is just the beginning of what we can achieve together. Our vision is to decentralize the creator economy and this is a good step in that direction.
“Thanks to FanTV’s recent integration of Sui, we are able to see the reality of Sui’s tremendous ability to handle large portfolio increases seamlessly, without any interruption to the user experience,” he said. Greg Cioronis, Managing Director of Sui Foundation. “This tremendous 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 incredible feat, FanTV plans to shift gears toward global expansion and onboard over 100,000 creators and 10 million users in the next 12 months.
For more information about FanTV, please visit https://fantv.world.
About FanTV
FanTV is a next-generation content creation platform that enables everyone to create, consume content and get rewarded. The platform bridges the gap between traditional video streaming platforms and the Web3-enabled video streaming experience. FanTV believes that everyone is creative, but they are not resourced enough to create or discover in an ocean of centralized platforms, which leads to the stimulation of only a focused few. We seek to change that by arming everyone as content creators with all the tools that leverage the creativity enabled by advances in artificial intelligence and the decentralization of 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 first-of-its-kind, layer-one smart contract platform designed from the bottom up to make ownership of digital assets fast, private, secure, and accessible to everyone. Based on the Move programming language, its object-centric model enables parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications at unparalleled speed and low cost. Sui is an incremental advancement in blockchain and a platform where creators and developers can build amazing, easy-to-use experiences.
