Extreme Investor Network
Oct 29, 2024 19:12
Sei Creator Fund Fuels Developer and Gaming Growth with $500,000 in SEI Funding
The Sei Creator Fund recently completed two impactful funding rounds aimed at boosting Sei’s Developer Ecosystem and Web3 Gaming sectors. These rounds utilized a combined matching pool of 1,162,790 SEI, equivalent to approximately $500,000, to support over 270 innovative projects and individuals.
Sei Creator Fund: Empowering Innovation
The Sei Creator Fund, a $10 million initiative, conducted two concurrent rounds focusing on distinct areas within the ecosystem. Round 3 aimed to enhance the developer base through educational resources and tools, while Round 4 sought to energize Web3 gaming ventures.
Round Details and Participation
Round 3: Developer Ecosystem
- Matching Pool: 833,333 SEI
- Total Projects: 73
- Crowdfunded Amount: $41,352.41
- Total Donations: 7,428
- Unique Donors: 2,755
Round 4: Web3 Gaming
- Matching Pool: 833,333 SEI
- Total Projects: 198
- Crowdfunded Amount: $61,400.60
- Total Donations: 15,612
- Unique Donors: 3,838
Innovative Sybil Detection and Collaboration
Teaming up with Gitcoin, Sei implemented advanced Sybil detection using its unique cross-chain architecture. This partnership introduced an enhanced DBSCAN clustering method, utilizing data points across both Sei’s EVM and Cosmos chains to improve fund distribution integrity.
Ensuring Program Integrity and Community Standards
The Sei Creator Fund has taken firm steps to uphold a fair funding ecosystem by identifying and disqualifying projects engaged in vote manipulation or Quid Pro Quo activities. Remaining funds were reallocated to projects with authentic community support, emphasizing the program’s dedication to transparency and fairness.
Conclusion: Driving Ecosystem Growth
The successful completion of Rounds 3 and 4 marks significant progress in Sei’s ecosystem development, reflecting strong community participation and a focus on creators. The implementation of enhanced detection systems and support for diverse projects underline the potential of the Sei ecosystem to foster innovation and growth.