Sei Network, a blockchain platform built on Cosmos that focuses on trading infrastructure for decentralized exchanges (DEXs), has announced a new partnership with Gitcoin, an Ethereum-based token that enables community governance. The collaboration kicked off with the launch of the Sei Creator Fund on June 4th. The announcement was made on Sei Network’s official account on X.
Gitcoin and Sei Join Forces for the Sei Creator Fund
We are thrilled to announce the first round of the Sei Creator Fund on June 4th! A matching pool of $250,000 will be allocated through Grants Stack by the Sei community to support projects building in the Sei ecosystem. Find all the details in the… [insert image]
Sei Network to Introduce Sei Creator Fund on Gitcoin Grants Stack
In addition to the announcement, Gitcoin shared a blog post on its official website, revealing the partnership between the two entities and the launch of the Sei Creator Fund. The matching pool of up to $250,000 will be made available on the 4th of this month. The platform also highlighted that the matching pool is open to both new and experienced contributors.
The Sei Creator Fund aims to support projects within the Sei ecosystem. With a budget of $10 million, the fund aims to accelerate the development and growth of Sei by leveraging the potential of Gitcoin Grants Stack. The first round of funding, which utilizes Quadratic Funding, will provide a matching pool of $250,000 to support projects across various exciting themes.
These themes include NFT tools and marketplaces, decentralized content platforms, fan engagement and social platforms, Web3 infrastructure and creative tools, collectives and creator DAOs, as well as Web3 education. Sei is actively seeking projects that demonstrate their contributions to the Sei ecosystem and align with their core values.
The Platform Focuses on Technical Feasibility and Alignment with Values
Furthermore, the projects must demonstrate community engagement and impact. The platform also emphasizes the importance of a well-defined roadmap and technical feasibility. Projects must align with Sei’s core values and have a suitable budget and funding plan.
Once the applications are submitted, they will undergo an evaluation process. A committee composed of representatives from Sei and Gitcoin will review the proposals based on eligibility criteria and alignment with the funding objectives. The committee aims to onboard more projects to support various initiatives within the Sei Creator Economy.
