AI Meets Crypto: FanTV Secures $3M to Grow Decentralized Creator Platform

Prashan Agarwal, FanTV Founder & CEO

FanTV, the leading AI agent platform for Content on Sui, has raised an additional $3 mn in strategic investment from Mysten Labs, Cypher Capital, CoinSwitch Ventures and Illuminati capital to power its next phase of growth with AI Agents for Content Creation. This builds on its earlier $5.5 mn raise from Multicoin Capital, Woodstock Fund, Krafton, IOSG Ventures, Pravega Ventures, and Tykhe Block Ventures.

The platform boasts over 8 million on-chain wallets and over 80,000 creators. With over 30 million transactions processed, FanTV is solidifying its position as the largest AI platform across all blockchains. With content spanning more than ten categories, FanTV has built a diverse creator community that bridges emerging talent and established influencers. The platform hosts notable content leaders such as TrevinVSNFT (Sui's leading creator), Bitcoin educator Kashif Raza, CryptoIndia, BlockFuel and emerging creators like MrBreadSmith, demonstrating the platform's appeal across the digital content spectrum.

At the helm of FanTV is Founder & CEO Prashan Agarwal, former CEO of Gaana, one of India's largest music streaming platforms that grew to 180 million users and secured $115 million in funding from Tencent. Under his leadership, FanTV has developed advanced AI technology to empower Creators to transform text to music, generate AI videos, create podcasts, web series, and vlogs while enabling cross-platform distribution.

"We firmly believe that creativity lives within everyone, but traditional content creation barriers have kept too many voices silent," said Prashan Agarwal, CEO of FanTV. "Our AI agents are democratizing content creation, allowing anyone with a creative vision to bring it to life. The next evolution of social media won't be defined by passive consumption – it will be driven by millions of creators expressing their unique voices through AI-powered tools. This is where FanTV is leading the revolution."

FanTV revolutionizes creator monetization through multiple revenue streams, including Creator Coins, content tokenization, and an innovative model that rewards both creators and users. The platform's economic model combines paid AI-powered content creation tools with engagement rewards. Users can purchase credits for premium AI features, tip and gift creators, while creators can launch their own tokens for exclusive content and community engagement.

Adeniyi Abioudin, Cofounder, Sui:

"AI and crypto converging in daily use cases and products isn’t just the future - it’s already happening. While others are still talking, FanTV has built it - AI agents for content creation, executed at incredible speed. This is the next big disruption, and FanTV is leading the way. With a world-class product and a powerhouse team, we’re confident in their vision and proud to back them as they shape the future of entertainment."

"The integration of AI agents into content creation isn't just an incremental improvement – it's a revolutionary shift in how digital content is produced and distributed," said Bill Qian, Cypher Capital, "FanTV's AI technology stands out by making professional-grade content creation accessible to millions. What impressed us most was their ability to combine advanced AI capabilities with intuitive user experience, resulting in unprecedented creator growth. With their strong technical foundation and clear vision, FanTV is perfectly positioned to lead the AI-powered future of digital content."

The new funding will support several strategic initiatives, including:

• Advanced AI tools for Creators
• Onboard creators from across the globe
• Enhancement of user growth strategies

FanTV's unique approach to combining AI technology with blockchain capabilities positions it at the forefront of AI X Crypto, offering a decentralized ecosystem that prioritizes creator ownership and fair value distribution.

For more information about FanTV and its innovative platform, visit https://fantv.world.

Source: Cointelegraph