FanTV onboards 1 million+ new user accounts to Sui
28 Maio 2024 - 7:31AM
NEWSBTC
FanTV, fastest-growing socialFi dApp went live on Sui Mainnet last
week Sui’s total active accounts ballooned by an impressive 2.6
million in the past week, with FanTV contributing 48% of this
growth Dubai, 28 May 2024 – FanTV, a leading SocialFi platform
empowering the Creator economy, announced today a major milestone
of onboarding over 1 million new user accounts on Sui, the Layer 1
blockchain and smart contract platform. This achievement accounts
for 48% of the 2.6 million wallet growth on Sui over the last week.
This significant growth highlights the successful impact of
integrating blockchain technology with social media platforms,
enhancing user engagement and expanding the reach of decentralized
networks. FanTV’s integration of Sui marks a pivotal step in the
mainstream adoption of blockchain solutions in the content
streaming landscape. Founded by Prashan Agarwal, ex-CEO of Gaana
(one of India’s largest music streaming platforms that raised $115M
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
engagement and content creation on the platform. The earned points
are then converted to the platform token and can be used for
platform utility like promotion of content, tipping creators,
buying creator keys, subscriptions, etc. FanTV has more than
4 million users and over 20,000 creators. FanTV’s inclusion brings
significant growth, onboarding more than 1 million wallets to Sui,
and solidifying its role in onboarding the masses to Web3.
Prashan Agarwal, Founder and CEO, FanTV, expressed excitement about
hitting this milestone, stating, “Partnering with Sui has enabled
us to deliver even 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 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 good step in
that direction.” “Thanks to FanTV’s recent integration of Sui,
we’re able to see the truth of Sui’s tremendous capacity to handle
dramatic upticks in wallets seamlessly, without any interruption to
user experience,” said Greg Siourounis, Managing Director of Sui
Foundation. “This massive growth is a testament to the power of
collaboration and innovation, and we are excited to witness
continued growth and adoption within the Sui ecosystem.” With this
amazing feat, FanTV plans to shift its gear on 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 the next-generation
content creation platform, enabling everyone to create, consume,
and get rewarded. The platform bridges the gap between traditional
video streaming platforms and Web3-enabled video streaming
experience. FanTV believes every person is creative, yet isn’t
resourced well to create or get discovered in an ocean of
centralized platforms and this leads to the incentivization of only
the concentrated few. We seek to change that by arming everyone to
be a Creator with all the tools that foster creativity enabled by
advancements in AI and decentralize the ownership and discovery of
content. 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 1
blockchain and smart contract platform designed from the bottom up
to make digital asset ownership 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
with unrivaled speed at low cost. Sui is a step-function
advancement in blockchain and a platform on which creators and
developers can build amazing, user-friendly
experiences. Learn more: https://sui.io Name – Prashan
Agarwal Company Name – FanTV Email – ashish.kashyap@fantv.in
Website – https://fantv.world/ Location Dubai UAE
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