• FanTV raised USD 3M in Series A funding, bringing its total to USD 8.5M.
• The Web3 platform uses AI to help creators generate music, videos, and podcasts while enabling monetization.
• With new funding, FanTV aims to enhance AI tools, attract global creators, and expand its reach in the content economy.

FanTV

What is the deal? FanTV announced its closing of an additional USD 3 million in a Series A funding round. The round was led by Mysten Labs, Cypher Capital,CoinSwitch Ventures, and Illuminati Capital.  This builds on its previous USD 5.5 million raised from Multicoin Capital, Woodstock Fund, Krafton, IOSG Ventures, Pravega Ventures, and Tykhe Block Ventures. Thus, bringing the total funding round to USD 8.5 million.

What will they do with the funding? With the newly secured funding, the startup aims to enhance its advanced AI tools for creators, attract global creators and expand user growth strategies.

Company Snapshot UAE-based FanTV is a Web3 platform that integrates AI agents to Sui. Furthermore, it utilizes advanced AI technology to enable creators to convert text to music, generate AI videos, create podcasts, web series, and videos. While also enabling cross-platform distribution.

Monetized Content

How do they monetize content? Founded in 2022, FanTV provides a Web3-powered ecosystem where creators can create, upload, and monetize content. Furthermore, FanTV allows creators to monetize through multiple revenue streams including creator coins, content tokenization, and a reward-driven economic model. 

This economic model combines AI-powered content creation tools with engagement rewards. Moreover, users can purchase credits for premium AI features as well as tip and gift creators. Meanwhile, creators can launch their own tokens for exclusive content and community engagement.