Sei Network, a blockchain platform on Cosmos that focuses on infrastructure trading for DEXs, has announced a new partnership with Gitcoin, an Ethereum-based token enabling community governance. This collaboration marks the beginning of the initial round of Sei Network’s latest project, the Sei Creator Fund, which launched on June 4th. The announcement was made on the official Sei Network Twitter account, with Gitcoin also sharing the news on their own account.
The Sei Creator Fund is a project aimed at supporting and promoting development within the Sei ecosystem. The fund has a total of $10 million allocated to it, with the initial round featuring a matching pool of up to $250,000. The fund will provide financial backing to projects across various themes, including NFT tools and marketplaces, decentralized content platforms, fan engagement and social platforms, Web3 infrastructure and creative tools, collectives and creator DAOs, and Web3 education. Sei Network is specifically interested in projects that demonstrate a passion for contributing to the Sei ecosystem and align with the platform’s core values.
To be considered for funding, projects must demonstrate technical feasibility and alignment with Sei Network’s values. They should also have a clear roadmap and budget in place. Once applications are submitted, a committee consisting of members from Sei Network and Gitcoin will review and evaluate the proposals. Projects will be assessed based on eligibility criteria and their alignment with the funding objectives. The committee aims to onboard more projects to support various initiatives within the Sei Creator Economy.